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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
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
Website
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
| Date | Stage | Valuation |
|---|---|---|
| Oct 2021 | Series 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
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Oct 2021 | Series A | Accomplice (lead); Agman Partners (lead) | $100M | $1.5B | CoinList, 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 2019 | Series A | Jack 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 2018 | Series A | Accomplice (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
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Lead | Apr 2018 | ||
| 2 | Participant | Apr 2018 | ||
| 1 | Lead | Oct 2019 | ||
| 1 | Participant | Apr 2018 | ||
| 1 | Participant | Apr 2018 | ||
| 1 | Participant | Oct 2019 | ||
| 1 | Participant | Apr 2018 | ||
| 1 | Participant | Apr 2018 | ||
| 1 | Participant | Apr 2018 | ||
| 1 | Participant | Apr 2018 | ||
This data is available for Pro users. Sign up to see all 12 CoinList investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialAcquisitions 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
| 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 Country | |
| HQ City | San Francisco, CA |
| Deal Date | 27 Mar 2022 |
| Valuation | $10M |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all CoinList acquisitions and their M&A valuation multiples. Start Free Trial | |
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
| 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 Country | |||||
| HQ City | Vienna | Vienna | Singapore | Miami, FL | |
| Deal Date | 13 Nov 2025 | 26 May 2025 | 9 May 2024 | 7 May 2024 | |
| Round | Series A | Series A | ICO | Seed | |
| Raised | $11M | $5M | $20M | $10M | |
| Investors | Web3 Foundation; Ogle ..; peaq; MN Capital; Sigma Capital; Tezos Foundation; Gavin Wood; HV Capital; Scytale Digital | - | - | DEXT Force Ventures; Morningstar Ventures; Animoca Brands; iAngels | |
| Valuation | undisclosed | $90M | undisclosed | undisclosed | |
| EV/Revenue | |||||
| EV/EBITDA | |||||
This data is available for Pro users. Sign up to see all CoinList investments and their VC round multiples. Start Free Trial | |||||
CoinList Competitors
CoinList competitors include listed companies like BTCS and Coinbase, and private ones like Mercado Bitcoin, 5ire, Berachain and Boba Network.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $2.1B | - | ||
| Publicly listed | $16M | ($30M) | $73M | 2.2x | ||
| Publicly listed | $7.2B | $1.8B | $46B | 7.6x | ||
| Private | - | - | $1.5B | - | ||
| Private | - | - | $1.5B | - | ||
| Private | - | - | $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 FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $62M | ($34M) | 25.5x | 22.2x | (46.0x) | (37910.8x) | |||
| $914M | $243M | 7.3x | 11.0x | 27.6x | 27.2x | |||
| $28M | ($734M) | 61.9x | 39.9x | (2.4x) | 141.1x | |||
| $62M | ($48M) | 16.6x | 11.3x | (21.7x) | (23.2x) | |||
| $577M | $189M | 2.7x | 3.1x | 8.2x | 28.9x | |||
| $5M | ($716K) | 396.4x | - | (2613.7x) | - | |||
| $316M | - | - | - | - | - | |||
| $92M | ($109M) | 6.4x | - | (5.4x) | - | |||
This data is available for Pro users. Sign up to see all CoinList competitors and their valuation data. Start Free Trial | ||||||||
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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