Mineplex Valuation, Funding & Investors
Mineplex is valued at $103M as of September 2021.
Last Mineplex valuation
$103M
Series B · Sep 2021
Last Mineplex funding round
Undisclosed stage
Amount undisclosed · Oct 2022
Cumulative funding Mineplex raised
$26M
across 4 funding rounds
Key investors in Mineplex
GEM Digital
About Mineplex
MinePlex is a Singapore-based digital-finance and blockchain project founded in 2020. It developed a mobile application and wallet intended to connect cryptocurrency holdings with payments and other consumer financial services. The ecosystem has included token transfers, staking functions, exchange tools and products through which users could interact with the project's native assets. MinePlex described its approach as CrossFi because it sought to combine conventional financial features with blockchain settlement. The platform primarily served individual digital-asset users, while its infrastructure and partnership products also addressed merchants and service providers. Its commercial model depended on transaction activity, commissions and services delivered through the wallet and connected applications. Native tokens were used for ecosystem participation, settlement and incentives. The October 2022 GEM Digital announcement concerned a token-purchase commitment of up to USD 100 million and did not establish that the entire contractual ceiling was funded at signing.
Founded
2020
HQ
SingaporeWebsite
Status
Privately held
Customer focus
B2C
Revenue model
Commission
Valuation
$103M (Sep 2021)
Mineplex Valuation
Mineplex is currently valued at $103M, based on its Series B in September 2021.
Mineplex's valuation has grown 34x from $3M at its seed round in November 2020 to $103M in September 2021, across 3 priced rounds.
Mineplex valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Sep 2021 | Series B | $103M |
| Feb 2021 | Series A | $26M |
| Nov 2020 | Seed | $3M |
Mineplex Funding History
Mineplex has raised a total of $26M across 4 funding rounds.
Mineplex's first fundraising round was a $2M seed round in November 2020. The most recent completed round was a undisclosed-stage round in October 2022.
Mineplex funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Oct 2022 | Undisclosed stage | GEM Digital | - | - | MinePlex announced on October 11, 2022 that it had secured a financing facility of up to USD 100 million from GEM Digital, with its occurrence supported by the named issuer-side or adviser-side transaction sources reviewed for this direct-firm record and reconciliation process. The issuer stated that it could draw under the facility after listing its PLEX token on a centralized exchange. That condition and the phrase “up to” show that the headline amount was not a completed cash raise. MinePlex said future proceeds would support banking technology, payment products, acquisitions, and geographic expansion. No valuation, initial draw, or co-investor was disclosed. Access to the facility therefore depended on a later market event and the company's subsequent decision to sell tokens under the agreement. |
| Sep 2021 | Series B | - | $18M | $103M | - |
| Feb 2021 | Series A | - | $6M | $26M | - |
| Nov 2020 | Seed | - | $2M | $3M | - |
Who has invested in Mineplex?
1 investor has backed Mineplex across its funding rounds, including GEM Digital.
Mineplex Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
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Start Free TrialMineplex Competitors
Mineplex competitors include listed companies like Rhino Bitcoin and Solana, and private ones like Unbanked, Bolide, Crypterium and RDO Chain.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
 Alpharetta, GA | Private | - | - | $115M | - | |
| United States | Publicly listed | $478K | ($417K) | $660M | - | |
 London | Private | - | - | $103M | - | |
 Tallinn | Private | - | - | $103M | - | |
 Athens | Private | - | - | $103M | - | |
| United States | Publicly listed | $6M | ($40M) | $132M | 12.1x |
Mineplex Public Comps
Mineplex is still privately-owned, but its public comps include Lea Bank, Sui Group Holdings, Stakk, Solana, Bitcoin Group, C Capital Holdings, Stablecoin Development, DeFi Technologies, Net digital and Exodus Movement.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $68M | - | 1.9x | 1.6x | - | - | |||
| ($249M) | $3M | (0.3x) | 30.8x | 27.0x | (16.9x) | |||
| $873K | $0K | 87.2x | - | 241114.2x | - | |||
| $6M | ($40M) | 22.7x | 12.1x | (3.4x) | - | |||
| $11M | $2M | 12.2x | 17.7x | 74.8x | (1907.4x) | |||
| $8M | ($8M) | 8.6x | - | (8.8x) | - | |||
| - | ($641M) | - | - | (0.1x) | - | |||
| $76M | $70M | 0.3x | 0.4x | 0.3x | (1.8x) | |||
This data is available for Pro users. Sign up to see all Mineplex competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Mineplex
| When was Mineplex founded? | Mineplex was founded in 2020. |
| Where is Mineplex headquartered? | Mineplex is headquartered in Singapore, Singapore. |
| Is Mineplex publicly listed? | No, Mineplex is a private, VC-backed company. |
| What is Mineplex's valuation? | Mineplex was last valued at $103M in its Series B in September 2021. |
| How much funding has Mineplex raised? | Mineplex has raised $26M across 4 funding rounds. |
| What was Mineplex's last funding round? | Mineplex's last funding round was a undisclosed-stage round in October 2022. |
| Who are Mineplex's investors? | Mineplex's investors include GEM Digital. |
| Which companies are comparable to Mineplex? | Companies comparable to Mineplex include Unbanked, Rhino Bitcoin, Bolide, Crypterium, RDO Chain and Solana. |
See companies similar to Mineplex
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