Nervos Network Funding, Investors & Competitors

Nervos Network has raised $128M across 3 funding rounds, most recently a $72M ico round in October 2019.

Last Nervos Network funding round

$72M

ICO · Oct 2019

Cumulative funding Nervos Network raised

$128M

across 3 funding rounds

Key investors in Nervos Network

  • Blockchain Capital
  • Distributed Global
  • 500 Global
  • HSG
  • Polychain
  • Breyer Capital
  • Frees Fund
  • Multicoin Capital

Nervos Network Overview

About Nervos Network

Nervos Network is a Hong Kong-based open-source blockchain ecosystem centered on the CKB layer 1 protocol that employs proof-of-work consensus. Launched in 2019, the CKB stores any crypto-asset securely like Bitcoin while supporting smart contracts and layer 2 scaling solutions such as Force Bridge for interoperability with Ethereum. The native CKByte token implements a store-of-value model to accrue network value. Nervos facilitates cross-chain asset transfers and hosts decentralized applications through its RISC-V virtual machine. The ecosystem includes layer 2 frameworks like Polyjuice for EVM compatibility and Godwoken for optimistic rollups. It processes over 1,000 transactions per second on layer 2 and maintains a decentralized node network exceeding 2,000 validators worldwide.


Founded

2018

HQ

ChinaHangzhou

Website

nervos.org

Status

Privately held

Customer focus

B2B & B2C

Revenue model

Usage-based

Nervos Network Funding History

Nervos Network has raised a total of $128M across 3 funding rounds.

Nervos Network's first fundraising round was a $28M Series A in July 2018. The most recent completed round was a $72M ico round in October 2019.

Nervos Network funding rounds

Nervos Network funding rounds
DateStageInvestorsRaisedDeal Summary
Oct 2019ICODistributed Global; Blockchain Capital; Multicoin Capital; Polychain; China Merchants Bank; HashKey Capital$72M-
Oct 2019SeedEvernew Capital (lead); Access Ventures$28MNervos Network is a blockchain infrastructure platform founded in 2018 by veterans from Ethereum, imToken, and Yunbi. Based in San Francisco with most team members in China (Hangzhou, Sichuan, Beijing), it offers an interoperable protocol layer designed for enterprise blockchain applications. The company provides a hybrid solution combining a public blockchain and application chains, allowing enterprises to build and deploy decentralized applications without committing their entire technology stack to the blockchain. Nervos Network raised $28 million in Series A funding in July 2018 backed by Polychain Capital and Sequoia China, with founders stating the capital would accelerate product and engineering development, solution expansion, and partnership creation.
Jul 2018Series ABreyer Capital; Frees Fund; Distributed Global; Huobi Capital; Dekrypt Capital; Blockchain Capital; 1confirmation; FBG Capital; Ceyuan Ventures; HSG; 1kx; 500 Global$28MNervos Network is a blockchain infrastructure company founded in 2018 by veterans from the Ethereum Foundation, imToken, and Yunbi. Based in Hangzhou, China with a San Francisco office, the company develops enterprise-focused blockchain solutions featuring interoperable protocols and a hybrid architecture combining public blockchain and application chains. The July 2018 funding round raised $28 million from a syndicate including Polychain Capital, Sequoia China, Wanxiang Blockchain, FBG Capital, Blockchain Capital, and Dekrypt Capital. The capital was designated for expanding product and engineering teams, accelerating enterprise blockchain technology development, and increasing strategic partnerships. Co-founder Jan Xie emphasized the funding would enable the company to build infrastructure reducing enterprise costs for developing and deploying blockchain applications, addressing industry challenges including scalability, security, and complexity.

Who has invested in Nervos Network?

18 investors have backed Nervos Network across its funding rounds, including Blockchain Capital, Distributed Global, 500 Global, HSG, Polychain and Breyer Capital.

Lead investors include Evernew Capital.


Nervos Network Investors

Investors in Nervos Network by funding rounds participated
InvestorHQRoundsRoleFirst check
Distributed GlobalUnited StatesLos Angeles, CA2ParticipantJul 2018
Blockchain CapitalUnited StatesSan Francisco, CA2ParticipantJul 2018
Breyer CapitalUnited StatesSan Francisco, CA1ParticipantJul 2018
Frees FundChinaBeijing1ParticipantJul 2018
Huobi CapitalChinaBeijing1ParticipantJul 2018
Dekrypt CapitalUnited StatesSan Francisco, CA1ParticipantJul 2018
Multicoin CapitalUnited StatesAustin, TX1ParticipantOct 2019
Evernew CapitalTaiwanTaipei1LeadOct 2019
PolychainUnited StatesSan Francisco, CA1ParticipantOct 2019
1confirmationUnited StatesUnited States1ParticipantJul 2018
China Merchants BankChinaShenzhen1ParticipantOct 2019
FBG CapitalSingaporeSingapore1ParticipantJul 2018
Ceyuan VenturesHong KongHong Kong1ParticipantJul 2018

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Investments by Nervos Network

Nervos Network has invested in 1 company to date.

Latest investment by Nervos Network was on March 29th 2019. Nervos Network invested in Alacris in their $1M Seed round.


Latest Investments by Nervos Network

Alacris
Description
-
HQ CountryUnited States
HQ City
-
Deal Date29 Mar 2019
RoundSeed
Raised$1M
Investors1kx
Valuationundisclosed
EV/Revenue
EV/EBITDA

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Nervos Network Competitors

Nervos Network competitors include listed companies like Securitize and Finexity, and private ones like Anchorage Digital, LayerZero Labs, Paxos and 2TM.

Public and private companies comparable to Nervos Network
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Anchorage DigitalUnited StatesSan Francisco, CAPrivate$85M-$4.2B49.4x
LayerZero LabsCanadaVancouverPrivate--$3B-
PaxosUnited StatesNew York City, NYPrivate--$2.4B-
2TMBrazilBrazilPrivate--$2.1B-
SecuritizeUnited StatesUnited StatesPublicly listed$62M($34M)$1.8B26.6x
FinexityGermanyGermanyPublicly listed$2M($1M)$50M4.6x

Nervos Network Public Comps

Nervos Network is still privately-owned, but its public comps include Strategy, Coinbase, Block, Circle, Tradeweb Markets, BitMine, StoneX Group, Allfunds, Bullish and MarketAxess.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Strategy$477M($5.4B)167.5x161.8x(14.7x)(13.8x)
Coinbase$7.2B$1.8B6.8x8.5x27.2x30.7x
Block$24B$2.2B1.7x1.6x18.6x9.4x
Circle$2.7B($73M)7.9x7.3x(296.8x)32.1x
Tradeweb Markets$2.1B$1.4B10.1x9.2x15.3x16.9x
BitMine$6M($364M)2516.7x105.3x(42.1x)-
StoneX Group$132B$2B0.2x5.0x14.6x-
Allfunds$748M$295M8.3x8.1x21.2x12.2x

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Common questions about Nervos Network

When was Nervos Network founded?Nervos Network was founded in 2018.
Where is Nervos Network headquartered?Nervos Network is headquartered in Hangzhou, China.
Is Nervos Network publicly listed?No, Nervos Network is a private, VC-backed company.
How much funding has Nervos Network raised?Nervos Network has raised $128M across 3 funding rounds.
What was Nervos Network's last funding round?Nervos Network's last funding round was a $72M ico round in October 2019.
Who are Nervos Network's investors?Nervos Network's investors include Distributed Global, Blockchain Capital, Breyer Capital, Frees Fund, Huobi Capital, Dekrypt Capital, Multicoin Capital, Evernew Capital, Polychain, 1confirmation and 8 others.
Which companies are comparable to Nervos Network?Companies comparable to Nervos Network include Anchorage Digital, LayerZero Labs, Paxos, 2TM, Securitize and Finexity.
How many companies has Nervos Network invested in?Nervos Network has invested in 1 company, including Alacris.
What was Nervos Network's last investment?In March 2019, Nervos Network invested in Alacris' $1M seed round alongside 1kx.

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