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Filecoin Funding, Investors & Competitors
Filecoin has raised $258M across 4 funding rounds, most recently a $206M ico round in September 2017.
Last Filecoin funding round
$206M
ICO · Sep 2017
Cumulative funding Filecoin raised
$258M
across 4 funding rounds
Key investors in Filecoin
Y Combinator
Andreessen Horowitz
RRE Ventures
Digital Currency Group
Haystack
CSC Upshot
Naval Ravikant
Hard Yaka
About Filecoin
Filecoin is a decentralized storage network and cryptocurrency protocol built on IPFS technology. It incentivizes providers to offer disk space through proof-of-replication and proof-of-spacetime mechanisms. Protocol Labs-launched in 2017, Filecoin enables users to store and retrieve data globally via smart contracts. The network powers applications in archiving, NFTs, and AI data lakes with over 18 exbibytes of capacity.
Founded
2014
HQ
Website
Status
Privately held
Customer focus
B2B & B2C
Revenue model
Usage-based
Filecoin Funding History
Filecoin has raised a total of $258M across 4 funding rounds.
Filecoin's first fundraising round was a $100K seed round in July 2014. The most recent completed round was a $206M ico round in September 2017.
Filecoin funding rounds
| Date | Stage | Investors | Raised |
|---|---|---|---|
| Sep 2017 | ICO | Lombardstreet Ventures; Simulation Ventures; Genblock Capital; Craig Bloem | $206M |
| Aug 2017 | ICO | Andreessen Horowitz (lead) | $52M |
| Aug 2017 | Seed | RRE Ventures; PALcapital; Agnes Budzyn; TWIN CAPITAL ASSET MANAGEMENT | $300K |
| Jul 2014 | Seed | CSC Upshot; Y Combinator; Digital Currency Group; Naval Ravikant; Haystack; Hard Yaka; Winklevoss Capital; Haitao Capital; Kevin Ding | $100K |
Who has invested in Filecoin?
18 investors have backed Filecoin across its funding rounds, including Y Combinator, Andreessen Horowitz, RRE Ventures, Digital Currency Group, Haystack and CSC Upshot.
Lead investors include Andreessen Horowitz.
Filecoin Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 1 | Participant | Jul 2014 | ||
| 1 | Participant | Jul 2014 | ||
| 1 | Participant | Aug 2017 | ||
| 1 | Participant | Aug 2017 | ||
| 1 | Participant | Sep 2017 | ||
| 1 | Participant | Sep 2017 | ||
| 1 | Participant | Jul 2014 | ||
| 1 | Participant | Jul 2014 | ||
| 1 | Participant | Jul 2014 | ||
| 1 | Participant | Jul 2014 | ||
| 1 | Lead | Aug 2017 | ||
| 1 | Participant | Aug 2017 | ||
| 1 | Participant | Jul 2014 | ||
This data is available for Pro users. Sign up to see all 18 Filecoin 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 TrialInvestments by Filecoin
Filecoin has invested in 1 company to date.
Latest investment by Filecoin was on June 1st 2022. Filecoin invested in STYLE Protocol in their $3M Seed round.
Latest Investments by Filecoin
| Description | STYLE Protocol is a blockchain identity layer for gamers operating on Ethereum and Immutable X. It enables cross-game profile portability, allowing players to carry skins, achievements, and stats across metaverses like Decentraland and The Sandbox. The protocol uses soulbound tokens for verifiable on-chain reputations and integrates with wallets for seamless login across 50 partner games. |
| HQ Country | |
| HQ City | Zug |
| Deal Date | 1 Jun 2022 |
| Round | Seed |
| Raised | $3M |
| Investors | Morningstar Ventures; Blockhub DAO; FunFair Ventures; Dutch Crypto Investors; Alpha Ventures; Protocol Labs; GBV Capital; Faber; AlphaGrep |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Filecoin investments and their VC round multiples. Start Free Trial | |
Filecoin Competitors
Filecoin 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 |
|---|---|---|---|---|---|---|
| Private | $1.2B | - | $50B | - | ||
| Publicly listed | $24B | $2.2B | $46B | 1.6x | ||
| Publicly listed | $7.2B | $1.8B | $46B | 7.6x | ||
| Private | $1.9B | - | $25B | 13.2x | ||
| Publicly listed | $2.7B | ($73M) | $22B | 6.8x | ||
| Private | $2.2B | $531M | $21B | 9.5x |
Filecoin Public Comps
Filecoin is still privately-owned, but its public comps include Micron, CXMT, Dell, SanDisk, Seagate, KIOXIA, Western Digital, Hewlett Packard Enterprise, Strategy and Block.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $37B | $18B | 29.0x | 8.0x | 60.3x | 9.6x | |||
| $9.2B | $5.5B | 60.3x | - | 101.9x | - | |||
| $114B | $12B | 3.5x | 2.4x | 34.3x | 20.1x | |||
| $20B | $13B | 11.4x | 8.7x | 17.6x | 12.5x | |||
| $12B | $4.2B | 15.2x | 13.6x | 43.8x | 30.8x | |||
| $15B | $7.6B | 11.7x | 4.6x | 23.1x | 6.0x | |||
| $13B | $10B | 11.8x | 10.7x | 14.7x | 24.4x | |||
| $34B | $2.6B | 2.8x | 2.1x | 36.2x | 11.0x | |||
This data is available for Pro users. Sign up to see all Filecoin competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Filecoin
| When was Filecoin founded? | Filecoin was founded in 2014. |
| Where is Filecoin headquartered? | Filecoin is headquartered in San Francisco, CA, United States. |
| Is Filecoin publicly listed? | No, Filecoin is a private, VC-backed company. |
| How much funding has Filecoin raised? | Filecoin has raised $258M across 4 funding rounds. |
| What was Filecoin's last funding round? | Filecoin's last funding round was a $206M ico round in September 2017. |
| Who are Filecoin's investors? | Filecoin's investors include CSC Upshot, Y Combinator, RRE Ventures, PALcapital, Lombardstreet Ventures, Simulation Ventures, Digital Currency Group, Naval Ravikant, Haystack, Hard Yaka and 8 others. |
| Which companies are comparable to Filecoin? | Companies comparable to Filecoin include Ripple, Block, Coinbase, OKX, Circle and Kraken. |
| How many companies has Filecoin invested in? | Filecoin has invested in 1 company, including STYLE Protocol. |
| What was Filecoin's last investment? | In June 2022, Filecoin invested in STYLE Protocol's $3M seed round alongside Morningstar Ventures, Blockhub DAO, FunFair Ventures and 6 other investors. |
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