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

MobileCoin Overview

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

United StatesSan Francisco, CA

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

MobileCoin valuation by funding round
DateStageValuation
Aug 2021Series 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

MobileCoin funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Aug 2021Series BGeneral Catalyst; Brent Faiyaz; Future Ventures; Alameda Research; Berggruen Holdings; Coinbase Ventures; DTC Capital; 10X Capital; Aglaé Ventures; DreamCrew; Genblock Capital; BlockTower Capital$66M$1.1BMobileCoin 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 2021Series AFuture 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 2018Undisclosed stageYZi 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

Investors in MobileCoin by funding rounds participated
InvestorHQRoundsRoleFirst check
General CatalystUnited StatesSan Francisco, CA2LeadMar 2021
Future VenturesUnited StatesSan Francisco, CA2LeadMar 2021
Brent FaiyazUnited StatesUnited States1ParticipantAug 2021
Alameda ResearchHong KongHong Kong1ParticipantAug 2021
Kenzi WangUnited StatesSan Francisco, CA1ParticipantApr 2018
Berggruen HoldingsUnited StatesNew York City, NY1ParticipantAug 2021
Coinbase VenturesUnited StatesSan Francisco, CA1ParticipantAug 2021
JLAB | JD capitalChinaBeijing1ParticipantApr 2018
DTC CapitalUnited StatesNew York City, NY1ParticipantAug 2021
YZi LabsMaltaBirkirkara1LeadApr 2018
10X CapitalUnited StatesUnited States1ParticipantAug 2021
Aglaé VenturesFranceParis1ParticipantAug 2021
DreamCrewUnited StatesLos Angeles, CA1ParticipantAug 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 Trial

MobileCoin 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.

Public and private companies comparable to MobileCoin
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Humanity ProtocolHong KongHong KongPrivate--$1.1B-
Andalusia LabsUAEAbu DhabiPrivate--$1B-
Axelar NetworkCanadaWaterlooPrivate--$1B-
Bitfury GroupNetherlandsAmsterdamPrivate--$1B-
OSL GroupHong KongHong KongPublicly listed$62M($48M)$1.2B11.3x
HashKey HoldingsHong KongHong KongPublicly 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 FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
OSL Group$62M($48M)16.6x11.3x(21.7x)(23.2x)
HashKey Holdings$92M($109M)6.4x-(5.4x)-
BitGo Holdings$16B($9M)0.1x5.5x(125.1x)125.4x
Securitize$62M($34M)25.5x22.2x(46.0x)(37910.8x)
Indokripto Koin Semesta$16M$7M36.9x-81.1x-
Rhino Bitcoin$478K($417K)1242.8x-(1423.4x)-
Stewards------
Coincheck Group$3.1B$354K0.2x0.2x1312.3x(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

Start Your
Free Trial Today

Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.

Start Trial