Multichain Valuation, Funding & Investors

Multichain is valued at $1.2B as of December 2021.

Last Multichain valuation

$1.2B

Seed · Dec 2021

Last Multichain funding round

$60M

Seed · Dec 2021

Cumulative funding Multichain raised

$60M

across 1 funding round

Key investors in Multichain

  • IDG Capital
  • HSG
  • YZi Labs
  • Circle Ventures
  • Hypersphere Ventures
  • DeFiance Capital

Multichain Overview

About Multichain

Multichain is a cross-chain router protocol delivering real-time interoperability for blockchain networks. It facilitates seamless asset transfers and communication across multiple chains through multichain.org.


Founded

2020

HQ

SingaporeSingapore

Status

Privately held

Customer focus

B2C

Revenue model

Commission

Valuation

$1.2B (Dec 2021)

Multichain Valuation

Multichain is currently valued at $1.2B, based on its seed round in December 2021.

The $60M round was led by YZi Labs, with participation from Magic Venture Capital, IDG Capital, Circle Ventures, TRON, DeFiance Capital and 5 other investors.

Multichain valuation by funding round

Multichain valuation by funding round
DateStageValuation
Dec 2021Seed$1.2B

Multichain Funding History

Multichain has raised a total of $60M across 1 funding round.

Multichain funding rounds

Multichain funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Dec 2021SeedYZi Labs (lead); Magic Venture Capital; IDG Capital; Circle Ventures; TRON; DeFiance Capital; Hypersphere Ventures; Three Arrows Capital; Hashkey Exchange; HSG; Primitive Ventures$60M$1.2BMultichain is a cross-chain infrastructure project enabling interoperability across multiple blockchains. On December 21, 2021, it completed a $60 million OTC funding round led by YZi Labs, with participation from DeFiance Capital, Hashkey Capital (also listed as HashKey Exchange or HashKey Capital), Hypersphere Ventures, IDG Capital (also as Hongshan), Primitive Ventures, Three Arrows Capital, TRON, Circle Ventures, and Magic Venture Capital (also as Magic Ventures). The round valued the company at a post-money valuation of $1.2 billion.

Who has invested in Multichain?

11 investors have backed Multichain across its funding rounds, including IDG Capital, HSG, YZi Labs, Circle Ventures, Hypersphere Ventures and DeFiance Capital.

Lead investors include YZi Labs.


Multichain Investors

Investors in Multichain by funding rounds participated
InvestorHQRoundsRoleFirst check
Magic Venture CapitalUnited StatesSan Francisco, CA1ParticipantDec 2021
IDG CapitalChinaBeijing1ParticipantDec 2021
Circle VenturesUnited StatesUnited States1ParticipantDec 2021
TRONChinaShanghai1ParticipantDec 2021
DeFiance CapitalSingaporeSingapore1ParticipantDec 2021
Hypersphere VenturesUnited StatesMiami, FL1ParticipantDec 2021
YZi LabsMaltaBirkirkara1LeadDec 2021
Three Arrows CapitalSingaporeSingapore1ParticipantDec 2021
Hashkey ExchangeHong KongHong Kong1ParticipantDec 2021

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Multichain Competitors

Multichain competitors include listed companies like OSL Group and Securitize, and private ones like Helium, ZYBER 365, iTrustCapital and Ledger.

Public and private companies comparable to Multichain
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
HeliumUnited StatesSan Francisco, CAPrivate--$1.2B-
ZYBER 365IndiaIndiaPrivate--$1.2B-
OSL GroupHong KongHong KongPublicly listed$62M($48M)$1.2B11.3x
iTrustCapitalUnited StatesLos Angeles, CAPrivate--$1.3B-
LedgerFranceParisPrivate$71M-$1.3B18.3x
SecuritizeUnited StatesUnited StatesPublicly listed$62M($34M)$1.5B22.2x

Multichain Public Comps

Multichain is still privately-owned, but its public comps include OSL Group, Securitize, HashKey Holdings, BitGo Holdings, Indokripto Koin Semesta, Sharplink, Rhino Bitcoin, Stewards, Coincheck Group and Bakkt.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
OSL Group$62M($48M)16.6x11.3x(21.7x)(23.2x)
Securitize$62M($34M)25.5x22.2x(46.0x)(37910.8x)
HashKey Holdings$92M($109M)6.4x-(5.4x)-
BitGo Holdings$16B($9M)0.1x5.5x(125.1x)125.4x
Indokripto Koin Semesta$16M$7M36.9x-81.1x-
Sharplink$28M($734M)61.9x39.9x(2.4x)141.1x
Rhino Bitcoin$478K($417K)1242.8x-(1423.4x)-
Stewards------

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Common questions about Multichain

When was Multichain founded?Multichain was founded in 2020.
Where is Multichain headquartered?Multichain is headquartered in Singapore, Singapore.
Is Multichain publicly listed?No, Multichain is a private, VC-backed company.
What is Multichain's valuation?Multichain was last valued at $1.2B in its seed round in December 2021.
How much funding has Multichain raised?Multichain has raised $60M across 1 funding round.
What was Multichain's last funding round?Multichain's last funding round was a $60M seed round in December 2021, led by YZi Labs.
Who are Multichain's investors?Multichain's investors include Magic Venture Capital, IDG Capital, Circle Ventures, TRON, DeFiance Capital, Hypersphere Ventures, YZi Labs, Three Arrows Capital, Hashkey Exchange, HSG and 1 other.
Which companies are comparable to Multichain?Companies comparable to Multichain include Helium, ZYBER 365, OSL Group, iTrustCapital, Ledger and Securitize.

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