DFINITY Valuation, Funding & Investors

DFINITY is valued at $1.9B as of August 2018.

Last DFINITY valuation

$1.9B

Undisclosed stage · Aug 2018

Last DFINITY funding round

$97M

Undisclosed stage · Aug 2018

Cumulative funding DFINITY raised

$121M

across 3 funding rounds

Key investors in DFINITY

  • Andreessen Horowitz
  • Polychain
  • Redline DAO
  • Allegro Capital
  • Warburg Serres Investments
  • David J. Namdar

DFINITY Overview

About DFINITY

DFINITY is a Zurich-headquartered not-for-profit organization developing the Internet Computer Protocol (ICP) blockchain. With an office in San Francisco, it powers decentralized web applications through canister smart contracts. ICP enables on-chain hosting of dApps, scaling to web speed via internetcomputer.org.


Founded

2016

HQ

SwitzerlandZurich

Status

Privately held

Customer focus

B2B & B2C

Revenue model

Non-profit

Valuation

$1.9B (Aug 2018)

DFINITY Valuation

DFINITY is currently valued at $1.9B, based on its undisclosed-stage round in August 2018.

The $97M round was led by Andreessen Horowitz and Polychain.

DFINITY valuation by funding round

DFINITY valuation by funding round
DateStageValuation
Aug 2018Undisclosed stage$1.9B

DFINITY Funding History

DFINITY has raised a total of $121M across 3 funding rounds.

DFINITY's first fundraising round was a $4M ico round in February 2017. The most recent completed round was a $97M undisclosed-stage round in August 2018.

DFINITY funding rounds

DFINITY funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Aug 2018Undisclosed stageAndreessen Horowitz (lead); Polychain (lead)$97M$1.9BDFINITY, a blockchain project based in Zug, Switzerland, and Palo Alto, develops the Internet Computer, a decentralized network dubbed 'Cloud 3.0' aimed at rivaling traditional cloud providers like Amazon, Google, and Microsoft by enabling software to run on a tamper-proof global network without reliance on centralized infrastructure. The platform addresses blockchain scalability by finalizing computations in under 5 seconds, faster than Bitcoin (3,600 seconds) or Ethereum (600 seconds), using a novel approach balancing decentralization and efficiency. In August 2018, DFINITY raised $102 million in a Series C round jointly led by Andreessen Horowitz (a16z crypto) and Polychain Capital, who also participated in an earlier $61 million round in early 2018, bringing total funding to over $195 million since 2015. One source estimates the valuation at approximately $1 billion for this round, while a legal complaint references a $97 million private presale contribution from Polychain and Andreessen (among others), entitling them to 4.96% of initial ICP token supply. The funds supported protocol development, global operations expansion, and preparation for the public network launch planned for late 2018. Strategic investors from the early 2018 round received 7% of ICP supply. Later valuations reached $2 billion (basis for a $105 million raise) and $9.5 billion by 2020 after governance and token economics disclosures. DFINITY's roadmap includes scaling smart contracts, improving governance, enabling large-scale dApps, and onboarding enterprise partners in the Web3 ecosystem.
Jan 2018Undisclosed stageAndreessen Horowitz (lead); Polychain (lead); Nick Walker; Redline DAO; Allegro Capital; Warburg Serres Investments$21M-DFINITY, founded in 2015 and based in Zug, Switzerland, and Palo Alto, develops the 'Internet Computer,' a blockchain-based decentralized network dubbed 'Cloud 3.0' to run next-generation mega-applications without reliance on traditional cloud providers. The platform aims to provide a scalable, secure alternative to proprietary cloud services like AWS, enabling software to run on a tamper-proof global network. In early 2018, DFINITY raised $61 million led by Andreessen Horowitz (a16z crypto) and Polychain Capital to accelerate development and address blockchain scalability challenges. Later in August 2018, DFINITY announced a $102 million funding round jointly led by the same investors, Andreessen Horowitz and Polychain Capital, bringing total funding to over $195 million. Additional participants included SV Angel, Aspect Ventures, Village Global, Multicoin Capital, Scalar Capital, Amino Capital, KR1, and DFINITY community members. The funds supported protocol development, global operations expansion, and preparation for the Internet Computer's initial public network launch by year-end. DFINITY conducted a 35 million Swiss Francs token airdrop in May 2018 to engage early users and opted for private token sales over public ones.
Feb 2017ICODavid J. Namdar$4M--

Who has invested in DFINITY?

7 investors have backed DFINITY across its funding rounds, including Andreessen Horowitz, Polychain, Redline DAO, Allegro Capital, Warburg Serres Investments and David J. Namdar.

Lead investors include Andreessen Horowitz and Polychain.


DFINITY Investors

Investors in DFINITY by funding rounds participated
InvestorHQRoundsRoleFirst check
Andreessen HorowitzUnited StatesSan Francisco, CA2LeadJan 2018
PolychainUnited StatesSan Francisco, CA2LeadJan 2018
Nick WalkerUnited StatesNew York City, NY1ParticipantJan 2018
Redline DAOSeychellesVictoria1ParticipantJan 2018
Allegro CapitalUnited KingdomLondon1ParticipantJan 2018

This data is available for Pro users. Sign up to see all 7 DFINITY 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 Trial

Investments by DFINITY

DFINITY has invested in 1 company to date.

Latest investment by DFINITY was on November 1st 2024. DFINITY invested in TheStage AI in their $5M Seed round.


Latest Investments by DFINITY

TheStage AI
Description
TheStage AI is a platform optimizing neural networks for AI developers, integrating with SageMaker and Azure to cut inference costs through compression and fine-tuning. It partners with Nebius, Praktika.ai, Huawei, Recraft.ai, and Unum Cloud, supporting model analysis, deployment, and serving. The Tel Aviv-based company publishes at CVPR and ECCV conferences and holds AI patents for performance enhancements.
HQ CountryUnited States
HQ City
Wilmington, DE
Deal Date1 Nov 2024
RoundSeed
Raised$5M
InvestorsAtlantic; Mehreen Malik; AAL VC; Dominic Williams; Davidovs Venture Collective
Valuationundisclosed
EV/Revenue
EV/EBITDA

This data is available for Pro users. Sign up to see all DFINITY investments and their VC round multiples.

Start Free Trial

DFINITY Competitors

DFINITY competitors include listed companies like Sharplink and Securitize, and private ones like CoinSwitch, Rain, Sky Mavis and Scroll.io.

Public and private companies comparable to DFINITY
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
CoinSwitchIndiaBangalorePrivate$24M-$1.9B-
RainUnited StatesNew York City, NYPrivate--$1.9B-
Sky MavisSingaporeSingaporePrivate$1.3B-$1.9B-
Scroll.ioUnited StatesMountain View, CAPrivate--$1.8B-
SharplinkUnited StatesUnited StatesPublicly listed$28M($734M)$1.8B39.9x
SecuritizeUnited StatesUnited StatesPublicly listed$62M($34M)$1.5B22.2x

DFINITY Public Comps

DFINITY is still privately-owned, but its public comps include Sharplink, Securitize, OSL Group, HashKey Holdings, BitGo Holdings, Hyperliquid Strategies, Indokripto Koin Semesta, Rhino Bitcoin, Stewards and Galaxy Digital.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Sharplink$28M($734M)61.9x39.9x(2.4x)141.1x
Securitize$62M($34M)25.5x22.2x(46.0x)(37910.8x)
OSL Group$62M($48M)16.6x11.3x(21.7x)(23.2x)
HashKey Holdings$92M($109M)6.4x-(5.4x)-
BitGo Holdings$16B($9M)0.1x5.5x(125.1x)125.4x
Hyperliquid Strategies$9M-308.0x162.2x--
Indokripto Koin Semesta$16M$7M36.9x-81.1x-
Rhino Bitcoin$478K($417K)1242.8x-(1423.4x)-

This data is available for Pro users. Sign up to see all DFINITY competitors and their valuation data.

Start Free Trial

Common questions about DFINITY

When was DFINITY founded?DFINITY was founded in 2016.
Where is DFINITY headquartered?DFINITY is headquartered in Zurich, Switzerland.
Is DFINITY publicly listed?No, DFINITY is a private, VC-backed company.
What is DFINITY's valuation?DFINITY was last valued at $1.9B in its undisclosed-stage round in August 2018.
How much funding has DFINITY raised?DFINITY has raised $121M across 3 funding rounds.
What was DFINITY's last funding round?DFINITY's last funding round was a $97M undisclosed-stage round in August 2018, led by Andreessen Horowitz and Polychain.
Who are DFINITY's investors?DFINITY's investors include Andreessen Horowitz, Polychain, Nick Walker, Redline DAO, Allegro Capital, David J. Namdar and Warburg Serres Investments.
Which companies are comparable to DFINITY?Companies comparable to DFINITY include CoinSwitch, Rain, Sky Mavis, Scroll.io, Sharplink and Securitize.
How many companies has DFINITY invested in?DFINITY has invested in 1 company, including TheStage AI.
What was DFINITY's last investment?In November 2024, DFINITY invested in TheStage AI's $5M seed round alongside Atlantic, Mehreen Malik, AAL VC and 2 other investors.

See companies similar to DFINITY

Start Your
Free Trial Today

Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.

Start Trial