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- Nervos Network
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
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
Website
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
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Oct 2019 | ICO | Distributed Global; Blockchain Capital; Multicoin Capital; Polychain; China Merchants Bank; HashKey Capital | $72M | - |
| Oct 2019 | Seed | Evernew Capital (lead); Access Ventures | $28M | Nervos 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 2018 | Series A | Breyer Capital; Frees Fund; Distributed Global; Huobi Capital; Dekrypt Capital; Blockchain Capital; 1confirmation; FBG Capital; Ceyuan Ventures; HSG; 1kx; 500 Global | $28M | Nervos 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
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Participant | Jul 2018 | ||
| 2 | Participant | Jul 2018 | ||
| 1 | Participant | Jul 2018 | ||
| 1 | Participant | Jul 2018 | ||
| 1 | Participant | Jul 2018 | ||
| 1 | Participant | Jul 2018 | ||
| 1 | Participant | Oct 2019 | ||
| 1 | Lead | Oct 2019 | ||
| 1 | Participant | Oct 2019 | ||
| 1 | Participant | Jul 2018 | ||
| 1 | Participant | Oct 2019 | ||
| 1 | Participant | Jul 2018 | ||
| 1 | Participant | Jul 2018 | ||
This data is available for Pro users. Sign up to see all 18 Nervos Network investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialInvestments 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
| Description | - |
| HQ Country | |
| HQ City | - |
| Deal Date | 29 Mar 2019 |
| Round | Seed |
| Raised | $1M |
| Investors | 1kx |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Nervos Network investments and their VC round multiples. Start Free Trial | |
Nervos Network Competitors
Nervos Network competitors include listed companies like Securitize and Finexity, and private ones like Anchorage Digital, LayerZero Labs, Paxos and 2TM.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $85M | - | $4.2B | 49.4x | ||
| Private | - | - | $3B | - | ||
| Private | - | - | $2.4B | - | ||
| Private | - | - | $2.1B | - | ||
| Publicly listed | $62M | ($34M) | $1.8B | 26.6x | ||
| Publicly listed | $2M | ($1M) | $50M | 4.6x |
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 FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $477M | ($5.4B) | 167.5x | 161.8x | (14.7x) | (13.8x) | |||
| $7.2B | $1.8B | 6.8x | 8.5x | 27.2x | 30.7x | |||
| $24B | $2.2B | 1.7x | 1.6x | 18.6x | 9.4x | |||
| $2.7B | ($73M) | 7.9x | 7.3x | (296.8x) | 32.1x | |||
| $2.1B | $1.4B | 10.1x | 9.2x | 15.3x | 16.9x | |||
| $6M | ($364M) | 2516.7x | 105.3x | (42.1x) | - | |||
| $132B | $2B | 0.2x | 5.0x | 14.6x | - | |||
| $748M | $295M | 8.3x | 8.1x | 21.2x | 12.2x | |||
This data is available for Pro users. Sign up to see all Nervos Network competitors and their valuation data. Start Free Trial | ||||||||
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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