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- DFINITY
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
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
Website
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
| Date | Stage | Valuation |
|---|---|---|
| Aug 2018 | Undisclosed 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
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Aug 2018 | Undisclosed stage | Andreessen Horowitz (lead); Polychain (lead) | $97M | $1.9B | DFINITY, 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 2018 | Undisclosed stage | Andreessen 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 2017 | ICO | David 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
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Lead | Jan 2018 | ||
| 2 | Lead | Jan 2018 | ||
| 1 | Participant | Jan 2018 | ||
| 1 | Participant | Jan 2018 | ||
| 1 | Participant | Jan 2018 | ||
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialInvestments 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
| 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 Country | |
| HQ City | Wilmington, DE |
| Deal Date | 1 Nov 2024 |
| Round | Seed |
| Raised | $5M |
| Investors | Atlantic; Mehreen Malik; AAL VC; Dominic Williams; Davidovs Venture Collective |
| Valuation | undisclosed |
| 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.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $24M | - | $1.9B | - | ||
| Private | - | - | $1.9B | - | ||
| Private | $1.3B | - | $1.9B | - | ||
| Private | - | - | $1.8B | - | ||
| Publicly listed | $28M | ($734M) | $1.8B | 39.9x | ||
| Publicly listed | $62M | ($34M) | $1.5B | 22.2x |
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 FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $28M | ($734M) | 61.9x | 39.9x | (2.4x) | 141.1x | |||
| $62M | ($34M) | 25.5x | 22.2x | (46.0x) | (37910.8x) | |||
| $62M | ($48M) | 16.6x | 11.3x | (21.7x) | (23.2x) | |||
| $92M | ($109M) | 6.4x | - | (5.4x) | - | |||
| $16B | ($9M) | 0.1x | 5.5x | (125.1x) | 125.4x | |||
| $9M | - | 308.0x | 162.2x | - | - | |||
| $16M | $7M | 36.9x | - | 81.1x | - | |||
| $478K | ($417K) | 1242.8x | - | (1423.4x) | - | |||
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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. |
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