CoinList Valuation, Funding & Investors

CoinList is valued at $1.5B as of October 2021.

Last CoinList valuation

$1.5B

Series A · Oct 2021

Last CoinList funding round

$100M

Series A · Oct 2021

Cumulative funding CoinList raised

$119M

across 3 funding rounds

Key investors in CoinList

  • Accomplice
  • Polychain
  • Collaborative Fund
  • Digital Currency Group
  • Blockchain Capital
  • CoinFund

CoinList Overview

About CoinList

CoinList is a San Francisco-headquartered platform facilitating token launches for projects like Filecoin, Solana, Near, and Algorand. It supports trading, lending, staking of Bitcoin, Ether, and new assets for validators, miners, and retail users.


Founded

2017

HQ

United StatesSan Francisco, CA

Status

Privately held

Customer focus

B2C & B2B

Revenue model

Commission

Valuation

$1.5B (Oct 2021)

CoinList Valuation

CoinList is currently valued at $1.5B, based on its Series A in October 2021.

The $100M round was led by Accomplice and Agman Partners.

CoinList valuation by funding round

CoinList valuation by funding round
DateStageValuation
Oct 2021Series A$1.5B

CoinList Funding History

CoinList has raised a total of $119M across 3 funding rounds.

CoinList's first fundraising round was a $9M Series A in April 2018. The most recent completed round was a $100M Series A in October 2021.

CoinList funding rounds

CoinList funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Oct 2021Series AAccomplice (lead); Agman Partners (lead)$100M$1.5BCoinList, a platform for token sales, cryptocurrency exchange, staking, and lending launched in 2017, raised $100 million in a Series A funding round on October 26, 2021, achieving a post-money valuation of $1.5 billion. The round was co-led by Accomplice VC and Agman Partners, with participation from Alphemy Capital, Continue Capital, CMT Digital, DFG Capital Management, Fenbushi Capital, GoldenTree Asset Management executives, HashKey Capital, and others including regional partners and active users. Agman founder Scott Silverman joined CoinList's board as part of the deal. The funding aims to fuel global expansion, team growth, engineering scaling, and new features like CoinList Governance and CoinList Karma, amid surging crypto adoption. CoinList reported rapid growth with monthly trading volume reaching $1 billion in 2021, up from low hundreds of millions at end of 2020 after launching CoinList Pro exchange in July 2020 for accredited investors. Assets staked surpassed $3 billion in 2021 with over $130 million in staking rewards distributed, and over $370 million in loans originated across assets. The company expanded its user base to 4.5 million across 170+ countries, with UK users growing 24 times, focusing on regions like Asia, Europe, and the Middle East. Prior funding included $9.2 million in 2018 and $10 million in 2019 from Polychain Capital and Jack Dorsey at a $90 million valuation. CoinList has supported major projects like Filecoin, Solana, Celo, Algorand, and Dapper Labs in connecting with early token holders while adhering to regulatory constraints.
Oct 2019Series AJack Dorsey (lead); Polychain; Collaborative Fund$10M-CoinList raised $10 million in October 2019 from Jack Dorsey, Collaborative Fund, and Polychain Capital to launch a new cryptocurrency exchange platform. The company, an initial coin offering platform provider, had previously raised funding bringing its total to $19.2 million, with prior investors including Digital Currency Group, CoinFund, Electric Capital, FBG Capital, and Libertus Capital. This round supported expansion beyond token sales into trading services for bitcoin, ethereum, and other cryptocurrencies.
Apr 2018Series AAccomplice (lead); Digital Currency Group; Blockchain Capital; Polychain; Libertus Capital; FBG Capital; Juan Benet; CoinFund; Electric Capital$9M-CoinList closed a $9.2 million funding round in 2018 with participation from investors including Accomplice, Blockchain Capital, CoinFund, Digital Currency Group, Electric Capital, FBG Capital, Juan Benet, Libertus Capital, and Polychain. Accomplice led the round around May 4, 2018. A year later, in 2019, CoinList raised an additional $10 million from Polychain Capital and Jack Dorsey.

Who has invested in CoinList?

12 investors have backed CoinList across its funding rounds, including Accomplice, Polychain, Collaborative Fund, Digital Currency Group, Blockchain Capital and CoinFund.

Lead investors include Accomplice, Agman Partners and Jack Dorsey.


CoinList Investors

Investors in CoinList by funding rounds participated
InvestorHQRoundsRoleFirst check
AccompliceUnited StatesBoston, MA2LeadApr 2018
PolychainUnited StatesSan Francisco, CA2ParticipantApr 2018
Jack DorseyUnited StatesSan Francisco, CA1LeadOct 2019
Digital Currency GroupUnited StatesStamford, CT1ParticipantApr 2018
Blockchain CapitalUnited StatesSan Francisco, CA1ParticipantApr 2018
Collaborative FundUnited StatesNew York City, NY1ParticipantOct 2019
Libertus CapitalUnited KingdomLondon1ParticipantApr 2018
FBG CapitalSingaporeSingapore1ParticipantApr 2018
Juan BenetUnited StatesSan Francisco, CA1ParticipantApr 2018
CoinFundUnited StatesNew York City, NY1ParticipantApr 2018

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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

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Acquisitions by CoinList

CoinList has acquired 1 company to date.

Last acquisition by CoinList was on March 27th 2022. CoinList acquired Altitude Networks for $10M.


Latest Acquisitions by CoinList

Altitude Networks
Description
Altitude Networks is a data loss prevention provider for cloud collaboration tools including SharePoint, OneDrive, and Google Drive. Deployed at enterprises from 50 to thousands of employees, its platform classifies files by sensitivity, maps user identities, and enables one-click remediation against unauthorized access.
HQ CountryUnited States
HQ City
San Francisco, CA
Deal Date27 Mar 2022
Valuation$10M
EV/Revenue
EV/EBITDA

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Investments by CoinList

CoinList has invested in 14 companies to date.

Latest investment by CoinList was on November 13th 2025. CoinList invested in Acurast in their $11M Series A round.


Latest Investments by CoinList

Acurast
Acurast
peaq
Bondex
Description
Acurast is a decentralized serverless cloud platform that utilizes spare processing capacity from millions of smartphones globally to deliver confidential compute services. Headquartered in Switzerland, the Zug-based company builds on blockchain technology to enable secure, verifiable off-chain processing for Web3 applications. Acurast supports developers in deploying functions across iOS and Android devices without centralized servers, ensuring data privacy through trusted execution environments. The platform powers dApps in DeFi, AI inference, and IoT, with integrations to Polkadot and Ethereum ecosystems.
Acurast is a decentralized serverless cloud platform that utilizes spare processing capacity from millions of smartphones globally to deliver confidential compute services. Headquartered in Switzerland, the Zug-based company builds on blockchain technology to enable secure, verifiable off-chain processing for Web3 applications. Acurast supports developers in deploying functions across iOS and Android devices without centralized servers, ensuring data privacy through trusted execution environments. The platform powers dApps in DeFi, AI inference, and IoT, with integrations to Polkadot and Ethereum ecosystems.
peaq is a Zug-headquartered layer-1 blockchain powering Decentralized Physical Infrastructure Networks for mobility, energy, and connectivity applications. It supports over 25 decentralized applications across 11 industries including Silencio for noise mapping and Eve for drone delivery. Launched in 2022 by EoT Labs, peaq enables machine real-world assets like vehicles and sensors to operate permissionlessly, fostering ecosystems in agriculture and environment through its EVM-compatible chain.
Bondex is a Web3 professional networking platform building on-chain reputations. It operates a job portal and mobile app serving over 4 million users in freelance, gig economy, and ad networks. Bondex partners with Web3 projects for talent matching. Founded in 2021, it positions as a decentralized LinkedIn alternative with privacy features.
HQ CountryAustriaAustriaSingaporeUnited States
HQ City
Vienna
Vienna
Singapore
Miami, FL
Deal Date13 Nov 202526 May 20259 May 20247 May 2024
RoundSeries ASeries AICOSeed
Raised$11M$5M$20M$10M
InvestorsWeb3 Foundation; Ogle ..; peaq; MN Capital; Sigma Capital; Tezos Foundation; Gavin Wood; HV Capital; Scytale Digital--DEXT Force Ventures; Morningstar Ventures; Animoca Brands; iAngels
Valuationundisclosed$90Mundisclosedundisclosed
EV/Revenue
EV/EBITDA

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CoinList Competitors

CoinList competitors include listed companies like BTCS and Coinbase, and private ones like Mercado Bitcoin, 5ire, Berachain and Boba Network.

Public and private companies comparable to CoinList
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Mercado BitcoinBrazilSão PauloPrivate--$2.1B-
BTCSUnited StatesUnited StatesPublicly listed$16M($30M)$73M2.2x
CoinbaseUnited StatesUnited StatesPublicly listed$7.2B$1.8B$46B7.6x
5ireIndiaIndiaPrivate--$1.5B-
BerachainCanadaTorontoPrivate--$1.5B-
Boba NetworkUnited StatesSan Francisco, CAPrivate--$1.5B-

CoinList Public Comps

CoinList is still privately-owned, but its public comps include Securitize, Flow Traders, Sharplink, OSL Group, Monex Group, TOP Financial Group, Matsui Securities, HashKey Holdings, Tiger Brokers and BitGo Holdings.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Securitize$62M($34M)25.5x22.2x(46.0x)(37910.8x)
Flow Traders$914M$243M7.3x11.0x27.6x27.2x
Sharplink$28M($734M)61.9x39.9x(2.4x)141.1x
OSL Group$62M($48M)16.6x11.3x(21.7x)(23.2x)
Monex Group$577M$189M2.7x3.1x8.2x28.9x
TOP Financial Group$5M($716K)396.4x-(2613.7x)-
Matsui Securities$316M-----
HashKey Holdings$92M($109M)6.4x-(5.4x)-

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Common questions about CoinList

When was CoinList founded?CoinList was founded in 2017.
Where is CoinList headquartered?CoinList is headquartered in San Francisco, CA, United States.
Is CoinList publicly listed?No, CoinList is a private, VC-backed company.
What is CoinList's valuation?CoinList was last valued at $1.5B in its Series A in October 2021.
How much funding has CoinList raised?CoinList has raised $119M across 3 funding rounds.
What was CoinList's last funding round?CoinList's last funding round was a $100M Series A in October 2021, led by Accomplice and Agman Partners.
Who are CoinList's investors?CoinList's investors include Accomplice, Polychain, Jack Dorsey, Digital Currency Group, Blockchain Capital, Collaborative Fund, Libertus Capital, FBG Capital, Juan Benet, CoinFund and 2 others.
Which companies are comparable to CoinList?Companies comparable to CoinList include Mercado Bitcoin, BTCS, Coinbase, 5ire, Berachain and Boba Network.
How many companies has CoinList acquired?CoinList has acquired 1 company, including Altitude Networks.
What was the largest acquisition by CoinList?The $10M acquisition of Altitude Networks in March 2022 is the largest acquisition CoinList has made to date.
How many companies has CoinList invested in?CoinList has invested in 14 companies, including Acurast, peaq, Bondex, Moso, Mystiko.Network, Nibiru Chain, bitsCrunch and TeleportDAO.
What was CoinList's last investment?In November 2025, CoinList invested in Acurast's $11M Series A alongside Web3 Foundation, Ogle .., peaq and 6 other investors.

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