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- ID Planet
ID Planet Funding, Investors & Competitors
ID Planet has raised $115M across 2 funding rounds, most recently a $80M Series B in July 2024.
Last ID Planet funding round
$80M
Series B · Jul 2024
Cumulative funding ID Planet raised
$115M
across 2 funding rounds
Key investors in ID Planet
Lam Group
Epic ecosmo
JD Wealth
ID Planet Overview
About ID Planet
ID Planet is a Web3 EVM blockchain and metaverse gaming platform focused on building interoperable Web3 experiences. The Chicago-based company works across software, AI, data analytics, and Layer-1 blockchain services to support its metaverse and gaming products as it expands within the broader Web3 ecosystem.
Founded
2022
HQ
Website
Status
Privately held
Customer focus
B2C
ID Planet Funding History
ID Planet has raised a total of $115M across 2 funding rounds.
ID Planet's first fundraising round was a $35M Series A in January 2024. The most recent completed round was a $80M Series B in July 2024.
ID Planet funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Jul 2024 | Series B | - | $80M | ID Planet is a Web3 EVM blockchain and metaverse gaming platform that secured $80 million in Series B funding on July 16, 2024. The round was led by a US investment firm with deep technology industry expertise, signaling strong market recognition of the company's technological innovation and business model in the Web3 ecosystem. This funding aims to accelerate development and expansion of Web3 solutions, enhance efficiency of existing products, and introduce innovative features for metaverse technology. The Series B infusion provides substantial financial support to ID Planet, enabling deeper collaboration with investors and other technology companies to build a comprehensive Web3 ecosystem. ID Planet plans to maintain its mission of delivering high-quality Web3 services while driving industry growth and contributing to the digital economy. Earlier, ID Planet raised $35 million in Series A financing as part of building its blockchain ecosystem, with headquarters in Chicago, IL, and focus on software, AI, data analytics, Web3 metaverse, and L1 blockchain services. |
| Jan 2024 | Series A | Epic ecosmo (lead); Lam Group (lead); JD Wealth | $35M | - |
Who has invested in ID Planet?
3 investors have backed ID Planet across its funding rounds, including Lam Group, Epic ecosmo and JD Wealth.
Lead investors include Epic ecosmo and Lam Group.
ID Planet Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 1 | Lead | Jan 2024 | ||
This data is available for Pro users. Sign up to see all 3 ID Planet 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 TrialID Planet Competitors
ID Planet competitors include listed companies like Block and Coinbase, and private ones like Labs, Sorare, Hike and Ripple.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $10B | - | ||
| Private | $150M | - | $4.3B | 28.7x | ||
| Private | - | - | $1.4B | - | ||
| Private | $1.2B | - | $50B | - | ||
| Publicly listed | $24B | $2.2B | $46B | 1.6x | ||
| Publicly listed | $7.2B | $1.8B | $46B | 7.6x |
ID Planet Public Comps
ID Planet is still privately-owned, but its public comps include Tencent, NetEase, Sea, Strategy, Block, Coinbase, Roblox, Circle, Konami and NEXON.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $112B | $51B | 4.5x | 4.2x | 9.9x | 9.9x | |||
| $17B | $5.8B | 3.1x | 3.0x | 8.9x | 7.7x | |||
| $23B | $2.4B | 2.5x | 2.0x | 24.3x | 16.5x | |||
| $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 | |||
| $4.9B | ($1B) | 6.7x | 4.7x | (32.6x) | 24.1x | |||
| $2.7B | ($73M) | 7.2x | 6.8x | (273.4x) | 29.6x | |||
This data is available for Pro users. Sign up to see all ID Planet competitors and their valuation data. Start Free Trial | ||||||||
Common questions about ID Planet
| When was ID Planet founded? | ID Planet was founded in 2022. |
| Where is ID Planet headquartered? | ID Planet is headquartered in United States. |
| Is ID Planet publicly listed? | No, ID Planet is a private, VC-backed company. |
| How much funding has ID Planet raised? | ID Planet has raised $115M across 2 funding rounds. |
| What was ID Planet's last funding round? | ID Planet's last funding round was a $80M Series B in July 2024. |
| Who are ID Planet's investors? | ID Planet's investors include Lam Group, Epic ecosmo and JD Wealth. |
| Which companies are comparable to ID Planet? | Companies comparable to ID Planet include Labs, Sorare, Hike, Ripple, Block and Coinbase. |
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