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- Elixir
Elixir Valuation, Funding & Investors
Elixir is valued at $800M as of March 2024.
Last Elixir valuation
$800M
Series B · Mar 2024
Last Elixir funding round
$8M
Series B · Mar 2024
Cumulative funding Elixir raised
$18M
across 3 funding rounds
Key investors in Elixir
Animoca Brands
GSR Ventures
AngelList
Betaworks
NGC Ventures
Amber Group
About Elixir
Elixir is a decentralized finance protocol tokenizing real-world assets from institutional investors like BlackRock and Apollo. The network issues deUSD, a yield-bearing synthetic stablecoin backed by treasuries and collateral. Elixir operates on its layer-1 blockchain facilitating on-chain lending and trading for traditional finance integration.
Founded
2022
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Usage-based
Valuation
$800M (Mar 2024)
Elixir Valuation
Elixir is currently valued at $800M, based on its Series B in March 2024.
The $8M round was led by Maelstrom and Mysten Labs, with participation from Manifold Capital Partners, Flowdesk, Amber Group, GSR Ventures, Validation Capital (Rebranded to Validation Cloud) and 1 other investor.
Elixir's valuation has grown 8.0x from $100M at its Series A in October 2023 to $800M in March 2024, across 2 priced rounds.
Elixir valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Mar 2024 | Series B | $800M |
| Oct 2023 | Series A | $100M |
Elixir Funding History
Elixir has raised a total of $18M across 3 funding rounds.
Elixir's first fundraising round was a $2M seed round in January 2023. The most recent completed round was a $8M Series B in March 2024.
Elixir funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Mar 2024 | Series B | Maelstrom (lead); Mysten Labs (lead); Manifold Capital Partners; Flowdesk; Amber Group; GSR Ventures; Validation Capital (Rebranded to Validation Cloud); Long Tail Ventures | $8M | $800M | - |
| Oct 2023 | Series A | Hack VC (lead); Hudson River Trading; LedgerPrime; NGC Ventures; Infinite Capital; AngelList; Genesis; Bloccelerate VC | $8M | $100M | Elixir Protocol is a DeFi protocol focused on bringing liquidity to the long tail of cryptoassets. The platform allows users to provide liquidity directly to trading pairs on order book exchanges and receive market maker rewards similar to AMM (Automated Market Maker) mechanisms. On October 18, 2023, Elixir completed a Series A funding round raising $7.5 million at a $100 million valuation. The round was led by Hack VC and included participation from AngelList, NGC Ventures, Bloccelerate VC, and angel investors from prominent trading firms including Ledger Prime, Genesis Trading, and Hudson River Trading. |
| Jan 2023 | Seed | Gate; Arthur Hayes; Chapter One; Betaworks; FalconX; Animoca Brands; Commonwealth Capital Ventures; Inception Capital; Quantstamp; MVST:MG; KuCoin | $2M | - | - |
Who has invested in Elixir?
27 investors have backed Elixir across its funding rounds, including Animoca Brands, GSR Ventures, AngelList, Betaworks, NGC Ventures and Amber Group.
Lead investors include Maelstrom, Mysten Labs and Hack VC.
Elixir Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 1 | Participant | Mar 2024 | ||
| 1 | Participant | Jan 2023 | ||
| 1 | Participant | Mar 2024 | ||
| 1 | Participant | Jan 2023 | ||
| 1 | Participant | Jan 2023 | ||
| 1 | Participant | Jan 2023 | ||
| 1 | Participant | Oct 2023 | ||
| 1 | Participant | Oct 2023 | ||
| 1 | Lead | Mar 2024 | ||
| 1 | Participant | Jan 2023 | ||
| 1 | Participant | Jan 2023 | ||
| 1 | Participant | Oct 2023 | ||
| 1 | Participant | Jan 2023 | ||
This data is available for Pro users. Sign up to see all 27 Elixir investors. Start Free Trial | ||||
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Start Free TrialElixir Competitors
Elixir competitors include listed companies like BitGo Holdings and HashKey Holdings, and private ones like Nansen, Elliptic, Flashbots and Gauntlet.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $750M | - | ||
| Private | - | - | $670M | - | ||
| Private | - | - | $1B | - | ||
| Private | - | - | $1B | - | ||
| Publicly listed | $16B | ($9M) | $795M | 5.5x | ||
| Publicly listed | $92M | ($109M) | $884M | - |
Elixir Public Comps
Elixir is still privately-owned, but its public comps include BitGo Holdings, HashKey Holdings, Indokripto Koin Semesta, Rhino Bitcoin, CARE Ratings, GlobalData, Finatext, Stewards, OSL Group and Value Line.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $16B | ($9M) | 0.1x | 5.5x | (125.1x) | 125.4x | |||
| $92M | ($109M) | 6.4x | - | (5.4x) | - | |||
| $16M | $7M | 36.9x | - | 81.1x | - | |||
| $478K | ($417K) | 1242.8x | - | (1423.4x) | - | |||
| $49M | $21M | 9.2x | 9.9x | 21.5x | 20.5x | |||
| $433M | $140M | 1.7x | 1.7x | 5.3x | 5.0x | |||
| $71M | $13M | 6.3x | 5.4x | 34.1x | - | |||
| - | - | - | - | - | - | |||
This data is available for Pro users. Sign up to see all Elixir competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Elixir
| When was Elixir founded? | Elixir was founded in 2022. |
| Where is Elixir headquartered? | Elixir is headquartered in New York City, NY, United States. |
| Is Elixir publicly listed? | No, Elixir is a private, VC-backed company. |
| What is Elixir's valuation? | Elixir was last valued at $800M in its Series B in March 2024. |
| How much funding has Elixir raised? | Elixir has raised $18M across 3 funding rounds. |
| What was Elixir's last funding round? | Elixir's last funding round was a $8M Series B in March 2024, led by Maelstrom and Mysten Labs. |
| Who are Elixir's investors? | Elixir's investors include Manifold Capital Partners, Gate, Flowdesk, Arthur Hayes, Chapter One, Betaworks, Hudson River Trading, LedgerPrime, Maelstrom, FalconX and 17 others. |
| Which companies are comparable to Elixir? | Companies comparable to Elixir include Nansen, Elliptic, Flashbots, Gauntlet, BitGo Holdings and HashKey Holdings. |
See companies similar to Elixir
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