Delio Funding, Investors & Competitors
Delio has raised $615M across 2 funding rounds, most recently a $611M undisclosed-stage round in June 2022.
Last Delio funding round
$611M
Undisclosed stage · Jun 2022
Cumulative funding Delio raised
$615M
across 2 funding rounds
Key investors in Delio
Three Arrows Capital
BlockFi
Globit
Neo Ecotech
About Delio
Delio is a Seoul-based crypto financial services platform offering lending, staking, and asset management. Launched in 2018, it manages a DeFi ecosystem with products like DLO token staking yielding up to 10% APY and NFTfi lending against blue-chip collections. Delio partners with exchanges such as Upbit for fiat on-ramps and serves 1 million users across Korea and Southeast Asia. The firm operates a venture arm investing in web3 startups on Terra and Klaytn blockchains.
Founded
2018
HQ
SeoulWebsite
Status
Privately held
Customer focus
B2C
Revenue model
Subscription
Delio Funding History
Delio has raised a total of $615M across 2 funding rounds.
Delio's first fundraising round was a $5M seed round in January 2019. The most recent completed round was a $611M undisclosed-stage round in June 2022.
Delio funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Jun 2022 | Undisclosed stage | Three Arrows Capital; BlockFi | $611M | Delio, a South Korean cryptocurrency lending platform, signed an asset supply contract worth approximately US$600 million with BlockFi and Three Arrows Capital in early June 2022. The agreement involved Delio obtaining Bitcoin, ETH, and USDT assets to expand loan services and increase lending amounts, along with discussions for broader crypto financial cooperation with BlockFi. This was not an equity investment or VC funding round, but a guaranteed fund supply for operational use. The deal occurred amid rising market turmoil, as Three Arrows Capital faced heavy losses from a market sell-off, leading to a court-ordered liquidation in mid-June 2022 and subsequent bankruptcy filing. BlockFi, which had loaned about $1 billion to Three Arrows Capital, was impacted by these events and the later FTX collapse, filing for bankruptcy in November 2022. Delio suspended customer withdrawals on June 14, 2022, following Haru Invest's suspension the prior day, which triggered a surge in withdrawal requests, market volatility, and investor confusion. Delio offered yields over 10%, similar to Haru. |
| Jan 2019 | Seed | Globit (lead); Neo Ecotech | $5M | - |
Who has invested in Delio?
4 investors have backed Delio across its funding rounds, including Three Arrows Capital, BlockFi, Globit and Neo Ecotech.
Lead investors include Globit.
Delio Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| Jeonju | 1 | Participant | Jan 2019 | |
 Singapore | 1 | Participant | Jun 2022 | |
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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 TrialDelio Competitors
Delio competitors include listed companies like Block, Coinbase and Circle, and private ones like Ripple, OKX and Kraken.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
 San Francisco, CA | Private | $1.2B | - | $50B | - | |
| United States | Publicly listed | $24B | $2.2B | $46B | 1.6x | |
| United States | Publicly listed | $7.2B | $1.8B | $46B | 7.6x | |
 Victoria | Private | $1.9B | - | $25B | 13.2x | |
| United States | Publicly listed | $2.7B | ($73M) | $22B | 6.8x | |
| San Francisco, CA | Private | $2.2B | $531M | $21B | 9.5x |
Delio Public Comps
Delio is still privately-owned, but its public comps include Strategy, Block, Coinbase, Circle, BitMine, Bullish, Galaxy Digital, Hyperliquid Strategies, Sharplink and Securitize.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $477M | ($5.4B) | 149.4x | 144.4x | (13.1x) | (12.3x) | |||
| $24B | $2.2B | 1.7x | 1.6x | 18.6x | 9.4x | |||
| $7.2B | $1.8B | 6.1x | 7.6x | 24.2x | 27.2x | |||
| $2.7B | ($73M) | 7.2x | 6.8x | (273.4x) | 29.6x | |||
| $6M | ($364M) | 2308.9x | 97.4x | (38.6x) | - | |||
| $245B | ($727M) | 0.0x | 13.5x | (6.3x) | 38.2x | |||
| $60B | ($177M) | 0.1x | 0.2x | (43.3x) | (182.6x) | |||
| $9M | - | 308.0x | 162.2x | - | - | |||
This data is available for Pro users. Sign up to see all Delio competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Delio
| When was Delio founded? | Delio was founded in 2018. |
| Where is Delio headquartered? | Delio is headquartered in Seoul, South Korea. |
| Is Delio publicly listed? | No, Delio is a private, VC-backed company. |
| How much funding has Delio raised? | Delio has raised $615M across 2 funding rounds. |
| What was Delio's last funding round? | Delio's last funding round was a $611M undisclosed-stage round in June 2022. |
| Who are Delio's investors? | Delio's investors include Neo Ecotech, Three Arrows Capital, Globit and BlockFi. |
| Which companies are comparable to Delio? | Companies comparable to Delio include Ripple, Block, Coinbase, OKX, Circle and Kraken. |
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