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- NEAR
NEAR Funding, Investors & Competitors
NEAR has raised $534M across 4 funding rounds, most recently a $350M undisclosed-stage round in April 2022.
Last NEAR funding round
$350M
Undisclosed stage · Apr 2022
Cumulative funding NEAR raised
$534M
across 4 funding rounds
Key investors in NEAR
Andreessen Horowitz
Tiger Global
Coinbase Ventures
Accomplice
Pantera Capital
Amplify Partners
Hashed
Homebrew
About NEAR
NEAR Protocol is a sharded layer-1 blockchain platform enabling scalable smart contracts and decentralized applications. Headquartered in Zug, Switzerland, and founded in 2020 by Illia Polosukhin and Alexander Skidanov, it processes over 4,000 transactions per second with Nightshade sharding technology. NEAR supports WebAssembly contracts in Rust and AssemblyScript, powering DeFi protocols like Ref Finance and NFT marketplaces such as Paras.
Founded
2017
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
NEAR Funding History
NEAR has raised a total of $534M across 4 funding rounds.
NEAR's first fundraising round was a $12M Series A in July 2019. The most recent completed round was a $350M undisclosed-stage round in April 2022.
NEAR funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Apr 2022 | Undisclosed stage | Tiger Global (lead); Republic Capital Group; ParaFi Capital; MetaWeb Ventures; Hashed; FTX Ventures; Dragonfly Capital Management; Blockchange Ventures | $350M | NEAR Protocol, a Layer-1 blockchain platform designed for decentralized applications with sharding for scalability, raised $350 million in a funding round announced around April 2022, led by Tiger Global, with participation from Blockchange Ventures, Dragonfly Capital, FTX Ventures, Hashed, MetaFi Ventures (or MetaWeb), ParaFi Capital, Republic Capital Group, and others. This followed a $150 million raise in January 2022, amid growing investor interest in cryptocurrency projects. The funds were allocated to accelerate ecosystem decentralization, expand regional hubs in emerging markets like Latin America, Turkey, and India, and support community growth in Asia, Africa, and Europe. At the time, NEAR hosted around 300 applications, over 200,000 community members, and had processed more than 70 million transactions across 2.3 million accounts since its mainnet launch in late 2020. The native NEAR token traded around $16-20 post-announcement, pushing market cap above $10 billion, though it later corrected. NEAR positioned itself as a competitor to Ethereum and Solana, emphasizing developer-friendly features, recent staking enhancements allowing multi-token rewards, and partnerships like with Orange DAO for Web3 initiatives. It had previously launched an $800 million ecosystem fund in October 2021 targeting DeFi, NFTs, DAOs, and gaming projects. |
| Jan 2022 | Undisclosed stage | Three Arrows Capital (lead) | $150M | NEAR Protocol, a blockchain platform for developers to build decentralized applications, closed a $150 million capital raise on January 13, 2022, led by Three Arrows Capital, with participation from Jump Crypto, Alameda Research, Mechanism Capital, Dragonfly Capital, Andreessen Horowitz, Zee Prime, and Amber Group. The funds were allocated to expand access to blockchain technology in emerging markets including Latin America, Turkey, and India, building on established communities in Asia, Africa, and Europe. NEAR Foundation CEO Marieke Flament highlighted the goal of improving global blockchain adoption to help people learn, use, and adopt Web3 technologies. This round brought NEAR's total funding to approximately $215.9 million, following prior raises including $65.9 million from investors like Digital Currency Group, Pantera Capital, Electric Capital, Coinbase Ventures, Blockchain.com, and Baidu Ventures. Since its mainnet launch in Q4 2020, the network had processed over 70 million transactions and supported 2.3 million accounts by early 2022. In 2021, NEAR allocated $800 million—then valued at about $1.8 billion—to decentralize its community and reimagine finance. Three months later, in April 2022, NEAR raised $350 million led by Tiger Global Management at a $10 billion valuation, with FTX Ventures, Republic Capital, Hashed, Dragonfly Capital, and Three Arrows Capital participating. |
| May 2020 | ICO | Andreessen Horowitz (lead) | $22M | - |
| Jul 2019 | Series A | Accomplice (lead); MetaStable Capital (lead); Pantera Capital; Coinbase Ventures; Arrington XRP Capital; SID Venture Partners; Wavemaker Genesis; Amplify Partners; Homebrew; Greenfield; Electric Capital; IOSG Ventures | $12M | NEAR Protocol raised $12.1 million in a Series A round on July 10, 2019, co-led by Accomplice and MetaStable Capital, with participation from Amplify Partners, Arrington XRP Capital, Coinbase Ventures, Electric Capital, Greenfield, Homebrew, IOSG Ventures, Pantera Capital, SID Venture Partners, and others including Xpring. The company develops a blockchain deployment platform and crypto protocol called MainNet to help developers design and optimize decentralized applications for areas like business contracts and gaming. This round followed earlier private funding, including an $8.5 million raise in early 2019 where 71 million tokens were sold at $0.12 each, implying a $8.52 million valuation at that time, though not for the Series A. |
Who has invested in NEAR?
22 investors have backed NEAR across its funding rounds, including Andreessen Horowitz, Tiger Global, Coinbase Ventures, Accomplice, Pantera Capital and Amplify Partners.
Lead investors include Tiger Global, Three Arrows Capital, Andreessen Horowitz, Accomplice and MetaStable Capital.
NEAR Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 1 | Lead | Jul 2019 | ||
| 1 | Participant | Apr 2022 | ||
| 1 | Participant | Jul 2019 | ||
| 1 | Participant | Apr 2022 | ||
| 1 | Participant | Apr 2022 | ||
| 1 | Participant | Apr 2022 | ||
| 1 | Participant | Jul 2019 | ||
| 1 | Participant | Jul 2019 | ||
| 1 | Participant | Jul 2019 | ||
| 1 | Lead | Jul 2019 | ||
| 1 | Participant | Apr 2022 | ||
| 1 | Participant | Jul 2019 | ||
| 1 | Lead | May 2020 | ||
This data is available for Pro users. Sign up to see all 22 NEAR 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 TrialInvestments by NEAR
NEAR has invested in 11 companies to date.
Latest investment by NEAR was on April 16th 2025. NEAR invested in ORO AI in their $6M Seed round.
Latest Investments by NEAR
| Description | ORO AI is a platform that transforms raw data into actionable intelligence through advanced analytics tools. Based in the United States, it offers services for data processing, machine learning model deployment, and real-time insights generation tailored for enterprises in finance and healthcare sectors. Launched in 2023, ORO AI integrates with cloud providers like AWS and Google Cloud to handle petabyte-scale datasets, enabling clients to predict market trends and optimize operations with sub-second query responses. | Templar Protocol is a decentralized finance platform offering lending and borrowing services for cryptocurrencies including Bitcoin, Ethereum, and stablecoins. Built on blockchain technology, it enables users to collateralize digital assets for loans without intermediaries. Templar Protocol features over-collateralized positions and algorithmic interest rates adjusted by utilization. The protocol operates on Ethereum and Binance Smart Chain, with liquidity pools for efficient swaps. Headquartered in Singapore, it emphasizes non-custodial security audited by third-party firms. | Nevermined is a decentralized protocol establishing a payments standard for AI agents in commerce. Designed as the PayPal equivalent for artificial intelligence transactions, it enables scalable AI-commerce by facilitating secure, protocol-based exchanges. Barcelona-headquartered Nevermined supports the integration of trillions of AI entities into global markets through its dedicated infrastructure. | idOS builds an open-source decentralized identity system for web3 applications. The platform grants users self-sovereign control over data, enhancing security in blockchain environments through verifiable credentials and privacy-focused protocols. | |
| HQ Country | |||||
| HQ City | New York City, NY | Singapore | Zug | Berlin | |
| Deal Date | 16 Apr 2025 | 13 Mar 2025 | 9 Jan 2025 | 9 Jul 2024 | |
| Round | Seed | Pre-seed | Seed | Seed | |
| Raised | $6M | $4M | $4M | $5M | |
| Investors | a16z crypto; Ocular; Orange DAO; 0G; Delphi Ventures | Black Dragon Capital; Digital Asset Capital Management; Proximity; Robot Ventures | David Minarsch; Polymorphic Capital; Generative Ventures; Ben Fielding; Arca; Richard Blythman; Oak sprout; Halo Capital; Factor Capital; Mark Schmidt; Lyrik Ventures | Kwil; Aleph Zero; Gnosis; Tezos Foundation; Fabric Ventures; Circle; Arbitrum Foundation; Ripple; Radix | |
| Valuation | undisclosed | undisclosed | $34M | undisclosed | |
| EV/Revenue | |||||
| EV/EBITDA | |||||
This data is available for Pro users. Sign up to see all NEAR investments and their VC round multiples. Start Free Trial | |||||
NEAR Competitors
NEAR competitors include listed companies like Alphabet and Microsoft, and private ones like Alchemy, Fireblocks, Celestia and Blockdaemon.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $10B | - | ||
| Private | $100M | - | $8B | - | ||
| Private | - | - | $3.5B | - | ||
| Private | $75M | - | $3.3B | 43.3x | ||
| Publicly listed | $403B | $176B | $4.2T | 8.7x | ||
| Publicly listed | $332B | $205B | $3.7T | 10.7x |
NEAR Public Comps
NEAR is still privately-owned, but its public comps include Alphabet, Microsoft, Amazon, Oracle, Cisco, Dell, Alibaba Group, IBM, ServiceNow and Cloudflare.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $403B | $176B | 10.2x | 8.7x | 23.3x | 19.0x | |||
| $332B | $205B | 11.1x | 10.7x | 18.0x | 17.5x | |||
| $717B | $161B | 3.9x | 3.5x | 17.5x | 13.8x | |||
| $67B | $33B | 8.6x | 7.8x | 17.7x | 13.9x | |||
| $63B | $19B | 7.1x | 6.9x | 23.4x | 17.9x | |||
| $114B | $12B | 3.5x | 2.4x | 34.3x | 20.1x | |||
| $153B | $15B | 1.7x | 1.6x | 17.5x | 13.0x | |||
| $68B | $17B | 4.2x | 4.0x | 16.9x | 14.6x | |||
This data is available for Pro users. Sign up to see all NEAR competitors and their valuation data. Start Free Trial | ||||||||
Common questions about NEAR
| When was NEAR founded? | NEAR was founded in 2017. |
| Where is NEAR headquartered? | NEAR is headquartered in San Francisco, CA, United States. |
| Is NEAR publicly listed? | No, NEAR is a private, VC-backed company. |
| How much funding has NEAR raised? | NEAR has raised $534M across 4 funding rounds. |
| What was NEAR's last funding round? | NEAR's last funding round was a $350M undisclosed-stage round in April 2022, led by Tiger Global. |
| Who are NEAR's investors? | NEAR's investors include Accomplice, Republic Capital Group, Pantera Capital, ParaFi Capital, MetaWeb Ventures, Hashed, Coinbase Ventures, Arrington XRP Capital, SID Venture Partners, MetaStable Capital and 12 others. |
| Which companies are comparable to NEAR? | Companies comparable to NEAR include Alchemy, Fireblocks, Celestia, Blockdaemon, Alphabet and Microsoft. |
| How many companies has NEAR invested in? | NEAR has invested in 11 companies, including ORO AI, Templar Protocol, Nevermined, idOS, Questflow, KINO, Opolis and Orange DAO. |
| What was NEAR's last investment? | In April 2025, NEAR invested in ORO AI's $6M seed round alongside a16z crypto, Ocular, Orange DAO and 2 other investors. |
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