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

United StatesUnited States

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

ID Planet funding rounds
DateStageInvestorsRaisedDeal Summary
Jul 2024Series B-$80MID 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 2024Series AEpic 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

Investors in ID Planet by funding rounds participated
InvestorHQRoundsRoleFirst check
Lam GroupUnited StatesNew York City, NY1LeadJan 2024

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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

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ID Planet Competitors

ID Planet competitors include listed companies like Block and Coinbase, and private ones like Labs, Sorare, Hike and Ripple.

Public and private companies comparable to ID Planet
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
LabsUnited StatesLos Angeles, CAPrivate--$10B-
SorareFranceParisPrivate$150M-$4.3B28.7x
HikeIndiaNew DelhiPrivate--$1.4B-
RippleUnited StatesSan Francisco, CAPrivate$1.2B-$50B-
BlockUnited StatesUnited StatesPublicly listed$24B$2.2B$46B1.6x
CoinbaseUnited StatesUnited StatesPublicly listed$7.2B$1.8B$46B7.6x

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 FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Tencent$112B$51B4.5x4.2x9.9x9.9x
NetEase$17B$5.8B3.1x3.0x8.9x7.7x
Sea$23B$2.4B2.5x2.0x24.3x16.5x
Strategy$477M($5.4B)149.4x144.4x(13.1x)(12.3x)
Block$24B$2.2B1.7x1.6x18.6x9.4x
Coinbase$7.2B$1.8B6.1x7.6x24.2x27.2x
Roblox$4.9B($1B)6.7x4.7x(32.6x)24.1x
Circle$2.7B($73M)7.2x6.8x(273.4x)29.6x

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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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