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- Matrixport
Matrixport Valuation, Funding & Investors
Matrixport is valued at $1.5B as of January 2023.
Last Matrixport valuation
$1.5B
Series C · Jan 2023
Last Matrixport funding round
$38M
Series C · Jan 2023
Cumulative funding Matrixport raised
$138M
across 2 funding rounds
Key investors in Matrixport
DST Global
K3 Ventures
C Ventures
About Matrixport
Matrixport is a Singapore-based digital-asset financial services platform, founded in 2019 by Bitmain co-founders Jihan Wu and Ge Yuesheng, offering institutional custody, trading, lending, structured products, and asset management to institutional and retail clients. It holds licenses in Singapore, Hong Kong, and Switzerland, and its Matrixdock unit tokenizes real-world assets such as LBMA-accredited gold and US Treasury products. The company has also expanded through acquisitions, including Swiss crypto asset manager Crypto Finance (Asset Management) AG.
Founded
2019
HQ
Website
Status
Privately held
Customer focus
B2B & B2C
Revenue model
Commission
Valuation
$1.5B (Jan 2023)
Matrixport Valuation
Matrixport is currently valued at $1.5B, based on its Series C in January 2023.
Matrixport's valuation has grown 1.5x from $1B at its Series C in August 2021 to $1.5B in January 2023, across 2 priced rounds.
Matrixport valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Jan 2023 | Series C | $1.5B |
| Aug 2021 | Series C | $1B |
Matrixport Funding History
Matrixport has raised a total of $138M across 2 funding rounds.
Matrixport's first fundraising round was a $100M Series C in August 2021. The most recent completed round was a $38M Series C in January 2023.
Matrixport funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jan 2023 | Series C | - | $38M | $1.5B | Matrixport is a Singapore-based digital assets financial services platform founded in 2019 by Bitmain co-founders Jihan Wu and Ge Yuesheng, offering institutional custody, trading, lending, structured products, and asset management to institutions and retail customers. It closed its Series C funding round on August 2, 2021, raising $100 million at a post-money valuation exceeding $1 billion, achieving unicorn status, with leadership from DST Global, C Ventures, and K3 Ventures, alongside Qiming Venture Partners, CE Innovation Capital, Tiger Global, and others including prior investors Lightspeed, Polychain, Dragonfly Capital, CMT Digital, and IDG Capital. Total funding to date reached $129 million. As of March 2021, it managed over $10 billion in assets under custody and had average monthly trading volumes over $5 billion. The proceeds supported R&D for product innovation and security enhancements, global expansion, and securing operational licenses in additional jurisdictions, building on existing licenses in Singapore, Hong Kong, and Switzerland to serve users in Asia and Europe. No funding round matches the queried January 2023 timeframe; a November 2022 report noted plans for a $100 million raise at $1.5 billion valuation, but no confirmation of execution appears in sources. Earlier, in 2019, it generated around $8 million in revenue, expecting to more than double in 2020 per a Bloomberg-reported investor deck. Matrixport positions itself as a one-stop crypto platform with features like the world's first crypto dual currency product, emphasizing safe yield generation beyond trading. Subsequent developments include launching Prime Brokerage in April 2021, acquiring Crypto Finance (Asset Management) AG in September 2023 (rebranded Matrixport Asset Management AG), and its subsidiary Fly Wing securing a Major Payment Institution license from Singapore's MAS. Matrixdock, a group platform, tokenizes real-world assets like LBMA-accredited gold (XAUm) and U.S. Treasury products, earning industry awards. |
| Aug 2021 | Series C | C Ventures (lead); DST Global (lead); K3 Ventures (lead) | $100M | $1B | Matrixport is a Singapore-based digital assets financial services platform founded in 2019 by Bitmain co-founders Jihan Wu and Ge Yuesheng, offering institutional custody, trading, lending, structured products, and asset management to institutional and retail clients. The company closed its Series C funding round in 2021, led by partners of DST Global, C Ventures, and K3 Ventures, with participation from Qiming Venture Partners, CE Innovation Capital, Tiger Global, Cachet Group, Palm Drive Capital, Foresight Ventures, A&T Capital, and prior investors including Lightspeed, Polychain, Dragonfly Capital, CMT Digital, and IDG Capital. The round raised $100 million, bringing total funding to $129 million, at a post-money valuation over $1 billion, achieving unicorn status. As of March 2021, ahead of the round announcement, Matrixport managed over $10 billion in client assets under management and custody, with $5 billion in average monthly transactions across its product lines. The platform positions itself at the intersection of traditional finance and crypto, targeting yield generation, liquidity, and asset management for an emerging asset class amid growing blockchain adoption. Investors highlighted Matrixport's thought leadership, innovative offerings, and role as a trusted onramp for crypto natives, institutions, and first-time users. |
Who has invested in Matrixport?
3 investors have backed Matrixport across its funding rounds, including DST Global, K3 Ventures and C Ventures.
Lead investors include C Ventures, DST Global and K3 Ventures.
Matrixport Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 1 | Lead | Aug 2021 | ||
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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 TrialAcquisitions by Matrixport
Matrixport has acquired 1 company to date.
Last acquisition by Matrixport was on September 30th 2024. Matrixport acquired Crypto Finance (Asset Management) for undisclosed valuation.
Latest Acquisitions by Matrixport
| Description | Crypto Finance (Asset Management) AG is a Zug-headquartered firm regulated by FINMA, managing crypto ETPs listed on SIX Swiss Exchange. It offers funds tracking Bitcoin, Ethereum, and baskets like Altcoin Leaders with custody at regulated Swiss banks. Established in 2019, the asset manager provides staking yields on products such as Tezos ETP and serves institutional investors through OTC trading desks. Crypto Finance holds over CHF 500 million in assets under management as of 2024. |
| HQ Country | |
| HQ City | Zurich |
| Deal Date | 30 Sep 2024 |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Matrixport acquisitions and their M&A valuation multiples. Start Free Trial | |
Investments by Matrixport
Matrixport has invested in 15 companies to date.
Latest investment by Matrixport was on March 15th 2024. Matrixport invested in Avalon Finance in their $2M Seed round.
Latest Investments by Matrixport
| Description | - | VETA Finance is a decentralized finance protocol on Ethereum enabling margin trading of structured products like Snowballs, Shark Fins, and Dual Currencies. It provides on-chain quoting, execution, and risk management tools for exchanges and users in the cryptocurrency derivatives market. | Definitive is a cross-chain DeFi trading platform supporting Ethereum, Solana, and Arbitrum networks. Helsinki-based, it offers market, limit, and TWAP orders with MEV protection and gas abstraction. Traders access perpetuals and spot swaps via integrations with Uniswap and Jupiter, handling $100 million daily volume. | Polemos is a Malta-headquartered gaming technology provider offering asset management, non-collateralized lending, learning management systems, and player data analytics for online gaming platforms. The company serves traditional and emerging strategy gaming verticals with media assets and proprietary software. Launched in 2020, Polemos operates in markets across Asia-Pacific and Europe, integrating solutions for operators in poker, casino, and esports segments. | |
| HQ Country | - | ||||
| HQ City | - | Hong Kong | Los Angeles, CA | Singapore | |
| Deal Date | 15 Mar 2024 | 22 Jan 2024 | 8 Nov 2023 | 1 Oct 2023 | |
| Round | Seed | Seed | Seed | Series A | |
| Raised | $2M | $3M | $4M | $6M | |
| Investors | Summer Ventures; Web3Port; Spark Digital Capital; SNZ Holding | WT Capital; 280 Capital; imToken; FutureMoney | Nascent; Coinbase Ventures; CMT Digital; BlockTower Capital | AlphaGrep | |
| Valuation | undisclosed | $28M | undisclosed | $22M | |
| EV/Revenue | |||||
| EV/EBITDA | |||||
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Matrixport Competitors
Matrixport competitors include listed companies like Securitize and Sharplink, and private ones like Talos, TRM Labs, Flashbots and Gauntlet.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $1.5B | - | ||
| Private | - | - | $2B | - | ||
| Private | - | - | $1B | - | ||
| Private | - | - | $1B | - | ||
| Publicly listed | $62M | ($34M) | $1.5B | 22.2x | ||
| Publicly listed | $28M | ($734M) | $1.8B | 39.9x |
Matrixport Public Comps
Matrixport is still privately-owned, but its public comps include Securitize, National Securities, Sharplink, OSL Group, HashKey Holdings, BitGo Holdings, Servyou Software Group, Shanghai DZH, Indokripto Koin Semesta and Rhino Bitcoin.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $62M | ($34M) | 25.5x | 22.2x | (46.0x) | (37910.8x) | |||
| $159M | $48M | 9.4x | 8.5x | 31.6x | - | |||
| $28M | ($734M) | 61.9x | 39.9x | (2.4x) | 141.1x | |||
| $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 | |||
| $306M | $35M | 7.4x | 6.6x | 64.6x | 44.3x | |||
| $123M | ($545K) | 18.1x | - | (4082.3x) | - | |||
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Common questions about Matrixport
| When was Matrixport founded? | Matrixport was founded in 2019. |
| Where is Matrixport headquartered? | Matrixport is headquartered in Singapore. |
| Is Matrixport publicly listed? | No, Matrixport is a private, VC-backed company. |
| What is Matrixport's valuation? | Matrixport was last valued at $1.5B in its Series C in January 2023. |
| How much funding has Matrixport raised? | Matrixport has raised $138M across 2 funding rounds. |
| What was Matrixport's last funding round? | Matrixport's last funding round was a $38M Series C in January 2023. |
| Who are Matrixport's investors? | Matrixport's investors include C Ventures, K3 Ventures and DST Global. |
| Which companies are comparable to Matrixport? | Companies comparable to Matrixport include Talos, TRM Labs, Flashbots, Gauntlet, Securitize and Sharplink. |
| How many companies has Matrixport acquired? | Matrixport has acquired 1 company, including Crypto Finance (Asset Management). |
| How many companies has Matrixport invested in? | Matrixport has invested in 15 companies, including Avalon Finance, VETA FINANCE, Definitive, Polemos, Ethos, Braavos, Sentiment and OrBit Markets. |
| What was Matrixport's last investment? | In March 2024, Matrixport invested in Avalon Finance's $2M seed round alongside Summer Ventures, Web3Port, Spark Digital Capital and 1 other investor. |
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