- Companies
- MobileCoin
MobileCoin Valuation, Funding & Investors
MobileCoin is valued at $1.1B as of August 2021.
Last MobileCoin valuation
$1.1B
Series B · Aug 2021
Last MobileCoin funding round
$66M
Series B · Aug 2021
Cumulative funding MobileCoin raised
$107M
across 3 funding rounds
Key investors in MobileCoin
General Catalyst
Future Ventures
Coinbase Ventures
Alameda Research
AU21 Capital
YZi Labs
About MobileCoin
MobileCoin is a privacy-focused cryptocurrency network built on a Stellar Consensus Protocol variant for instant peer-to-peer mobile payments. It enables wallets integrated into messaging apps like Signal for seamless transactions using the MOBILE token. Founded in 2017 by Josh Goldbard and Shane Glynn, the San Francisco-headquartered project emphasizes fast confirmations under one second and low fees. MobileCoin supports atomic swaps and uses elliptic curve cryptography for shielded transactions. The platform launched mainnet in 2020 and partnered with Signal for in-app payments reaching millions of users worldwide.
Founded
2017
HQ
Website
Status
Privately held
Customer focus
B2C
Revenue model
Product sales
Valuation
$1.1B (Aug 2021)
MobileCoin Valuation
MobileCoin is currently valued at $1.1B, based on its Series B in August 2021.
The $66M round included General Catalyst, Brent Faiyaz, Future Ventures, Alameda Research, Berggruen Holdings and 7 other investors.
MobileCoin valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Aug 2021 | Series B | $1.1B |
MobileCoin Funding History
MobileCoin has raised a total of $107M across 3 funding rounds.
MobileCoin's first fundraising round was a $30M undisclosed-stage round in April 2018. The most recent completed round was a $66M Series B in August 2021.
MobileCoin funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Aug 2021 | Series B | General Catalyst; Brent Faiyaz; Future Ventures; Alameda Research; Berggruen Holdings; Coinbase Ventures; DTC Capital; 10X Capital; Aglaé Ventures; DreamCrew; Genblock Capital; BlockTower Capital | $66M | $1.1B | MobileCoin is a cryptocurrency payments platform focused on enabling privacy-protecting transactions over mobile devices through near-instantaneous settlement. Founded in 2017 and based in San Francisco, the company counts Moxie Marlinspike, founder of the encrypted messaging app Signal, as an early technical advisor. The platform was integrated into Signal as a payment feature, allowing users in the U.K. to transact with greater privacy, and is also used by Mixin Messenger, a China-based open-source private messenger for sending cryptocurrencies to phone contacts. In August 2021, MobileCoin closed a $66 million Series B funding round at a post-money valuation of $1.066 billion. The all-equity round was led by prominent cryptocurrency and venture investors including Alameda Research, Berggruen Holdings, BlockTower Capital, Coinbase Ventures, Marc Benioff's TIME Ventures, and Vy Capital, alongside earlier backers General Catalyst and Future Ventures. This brought total funding to $107 million, including a $30 million round from Binance Labs in 2018 and an $11.35 million Series A in March 2021. At the time of the Series B, MobileCoin's native cryptocurrency token was trading on cryptocurrency exchanges including FTX, Bitfinex, BigOne, and HotBit, having launched in December 2020. The company reported scaling its annual recurring revenue 8x between summer 2020 and summer 2021, demonstrating rapid growth in adoption of its payment solution. |
| Mar 2021 | Series A | Future Ventures (lead); General Catalyst (lead); INBlockchain | $11M | - | MobileCoin raised $11.35 million in a Series A funding round on March 9, 2021, from General Catalyst, Future Ventures, and others. The company, founded in 2017 by Joshua Goldbard and Shane Glynn, focuses on encrypted payments with privacy features, building on Stellar for consensus and Monero for privacy using CryptoNote and zero-knowledge proofs. Early technical advisors included Signal's Moxie Marlinspike and former DARPA researcher Todd Huffman. The round brought Steve Jurvetson from Future Ventures onto the board. MobileCoin, based in San Francisco, aims for fast, low-fee transactions suitable for everyday decentralized payments. Prior funding included $29.7 million in 2018 led by Binance Labs for 37.5 million tokens. A later Series B round in July or August 2021 raised $66 million from investors including Alameda Research, Coinbase Ventures, Future Ventures, and General Catalyst, valuing the company at $1.066 billion post-money. MobileCoin's token MOB launched trading in December 2020 on exchanges like FTX. |
| Apr 2018 | Undisclosed stage | YZi Labs (lead); Kenzi Wang; JLAB | JD capital; AU21 Capital | $30M | - | - |
Who has invested in MobileCoin?
17 investors have backed MobileCoin across its funding rounds, including General Catalyst, Future Ventures, Coinbase Ventures, Alameda Research, AU21 Capital and YZi Labs.
Lead investors include Future Ventures, General Catalyst and YZi Labs.
MobileCoin Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Lead | Mar 2021 | ||
| 2 | Lead | Mar 2021 | ||
| 1 | Participant | Aug 2021 | ||
| 1 | Participant | Aug 2021 | ||
| 1 | Participant | Apr 2018 | ||
| 1 | Participant | Aug 2021 | ||
| 1 | Participant | Aug 2021 | ||
| 1 | Participant | Apr 2018 | ||
| 1 | Participant | Aug 2021 | ||
| 1 | Lead | Apr 2018 | ||
| 1 | Participant | Aug 2021 | ||
| 1 | Participant | Aug 2021 | ||
| 1 | Participant | Aug 2021 | ||
This data is available for Pro users. Sign up to see all 17 MobileCoin 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 TrialMobileCoin Competitors
MobileCoin competitors include listed companies like OSL Group and HashKey Holdings, and private ones like Humanity Protocol, Andalusia Labs, Axelar Network and Bitfury Group.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $1.1B | - | ||
| Private | - | - | $1B | - | ||
| Private | - | - | $1B | - | ||
| Private | - | - | $1B | - | ||
| Publicly listed | $62M | ($48M) | $1.2B | 11.3x | ||
| Publicly listed | $92M | ($109M) | $884M | - |
MobileCoin Public Comps
MobileCoin is still privately-owned, but its public comps include OSL Group, HashKey Holdings, BitGo Holdings, Securitize, Indokripto Koin Semesta, Rhino Bitcoin, Stewards, Coincheck Group, Sharplink and Bakkt.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $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 | |||
| $62M | ($34M) | 25.5x | 22.2x | (46.0x) | (37910.8x) | |||
| $16M | $7M | 36.9x | - | 81.1x | - | |||
| $478K | ($417K) | 1242.8x | - | (1423.4x) | - | |||
| - | - | - | - | - | - | |||
| $3.1B | $354K | 0.2x | 0.2x | 1312.3x | (189.0x) | |||
This data is available for Pro users. Sign up to see all MobileCoin competitors and their valuation data. Start Free Trial | ||||||||
Common questions about MobileCoin
| When was MobileCoin founded? | MobileCoin was founded in 2017. |
| Where is MobileCoin headquartered? | MobileCoin is headquartered in San Francisco, CA, United States. |
| Is MobileCoin publicly listed? | No, MobileCoin is a private, VC-backed company. |
| What is MobileCoin's valuation? | MobileCoin was last valued at $1.1B in its Series B in August 2021. |
| How much funding has MobileCoin raised? | MobileCoin has raised $107M across 3 funding rounds. |
| What was MobileCoin's last funding round? | MobileCoin's last funding round was a $66M Series B in August 2021. |
| Who are MobileCoin's investors? | MobileCoin's investors include General Catalyst, Future Ventures, Brent Faiyaz, Alameda Research, Kenzi Wang, Berggruen Holdings, Coinbase Ventures, JLAB | JD capital, DTC Capital, YZi Labs and 7 others. |
| Which companies are comparable to MobileCoin? | Companies comparable to MobileCoin include Humanity Protocol, Andalusia Labs, Axelar Network, Bitfury Group, OSL Group and HashKey Holdings. |
See companies similar to MobileCoin
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