Minterest Valuation, Funding & Investors
Minterest is valued at $514M as of February 2022.
Last Minterest valuation
$514M
ICO · Feb 2022
Last Minterest funding round
$6M
ICO · Feb 2022
Cumulative funding Minterest raised
$12M
across 2 funding rounds
Key investors in Minterest
KR1
Digital Strategies
Lucid Blue Ventures
DFG Capital
About Minterest
Minterest is an Ethereum-based decentralized lending protocol establishing interest rate markets for ERC-20 tokens, where protocol-captured fees from loans, flash loans, and liquidations fund automated buybacks of the MNT governance token for user distributions and sustained DeFi yields.
Founded
2020
HQ
TallinnWebsite
Status
Privately held
Customer focus
B2C
Revenue model
Commission
Valuation
$514M (Feb 2022)
Minterest Valuation
Minterest is currently valued at $514M, based on its ico round in February 2022.
The $6M round included DFG Capital, Digital Strategies and Lucid Blue Ventures.
Minterest valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Feb 2022 | ICO | $514M |
Minterest Funding History
Minterest has raised a total of $12M across 2 funding rounds.
Minterest's first fundraising round was a $7M undisclosed-stage round in September 2021. The most recent completed round was a $6M ico round in February 2022.
Minterest funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Feb 2022 | ICO | DFG Capital; Digital Strategies; Lucid Blue Ventures | $6M | $514M | - |
| Sep 2021 | Undisclosed stage | KR1 | $7M | - | KR1 invested USD 350,000 in Minterest as part of a USD 6.5 million private fundraising round that the decentralised lending protocol disclosed on 16 September 2021. The round was backed by KR1, DFG, CMS Holdings, DigiStrats, FOMOcraft, Bitscale Capital, PNYX Ventures, CMT Digital and Faculty Capital, and KR1 received an undetermined allocation of MNT tokens in exchange for its contribution. Minterest operates token money markets for lending and borrowing digital assets, and its distinguishing feature is that the protocol carries out liquidations itself instead of paying third-party liquidators, then uses the operating surplus to buy MNT on the open market and pass it back to depositors, borrowers and stakers. The team said the design is intended to capture value for participants that competing money markets leak to external actors, and that the proceeds would fund the build-out and launch of the protocol. Minterest is run from Tallinn, Estonia by a team led by founder Josh Rogers, working with cryptographers and blockchain engineers. KR1 described the investment as an addition to its decentralised finance holdings alongside earlier positions in Nexus Mutual and Tidal Finance. |
Who has invested in Minterest?
4 investors have backed Minterest across its funding rounds, including KR1, Digital Strategies, Lucid Blue Ventures and DFG Capital.
Minterest Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
 Eugene, OR | 1 | Participant | Feb 2022 | |
 Douglas | 1 | Participant | Sep 2021 | |
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Start Free TrialMinterest Competitors
Minterest competitors include listed companies like Rhino Bitcoin and Indokripto Koin Semesta, and private ones like Nirvana, GVE, Animoca Brands KK and Bitwise.
| Company | HQ | Status | Revenue | EBITDA | Valuation |
|---|---|---|---|---|---|
| San Francisco, CA | Private | - | - | $508M | |
 Tokyo | Private | - | - | $521M | |
| Fukuoka | Private | - | - | $500M | |
| San Francisco, CA | Private | - | - | $500M | |
| United States | Publicly listed | $478K | ($417K) | $594M | |
 Indonesia | Publicly listed | $16M | $7M | $609M |
Minterest Public Comps
Minterest is still privately-owned, but its public comps include Stewards, Rhino Bitcoin, Indokripto Koin Semesta, Coincheck Group, Bakkt, Chaince Digital, ProCap Financial, BitGo Holdings, Capital B and Wewards.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| - | - | - | - | - | - | |||
| $478K | ($417K) | 1242.8x | - | (1423.4x) | - | |||
| $16M | $7M | 36.9x | - | 81.1x | - | |||
| $3.1B | $354K | 0.2x | 0.2x | 1312.3x | (189.0x) | |||
| $2.3B | ($98M) | 0.1x | 0.2x | (2.9x) | (27.3x) | |||
| $2M | ($3M) | 148.5x | - | (97.3x) | - | |||
| - | - | - | - | - | - | |||
| $16B | ($9M) | 0.1x | 5.5x | (125.1x) | 125.4x | |||
This data is available for Pro users. Sign up to see all Minterest competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Minterest
| When was Minterest founded? | Minterest was founded in 2020. |
| Where is Minterest headquartered? | Minterest is headquartered in Tallinn, Estonia. |
| Is Minterest publicly listed? | No, Minterest is a private, VC-backed company. |
| What is Minterest's valuation? | Minterest was last valued at $514M in its ico round in February 2022. |
| How much funding has Minterest raised? | Minterest has raised $12M across 2 funding rounds. |
| What was Minterest's last funding round? | Minterest's last funding round was a $6M ico round in February 2022. |
| Who are Minterest's investors? | Minterest's investors include DFG Capital, KR1, Digital Strategies and Lucid Blue Ventures. |
| Which companies are comparable to Minterest? | Companies comparable to Minterest include Nirvana, GVE, Animoca Brands KK, Bitwise, Rhino Bitcoin and Indokripto Koin Semesta. |
See companies similar to Minterest
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