Prime Trust Valuation, Funding & Investors
Prime Trust is valued at $214M as of June 2022.
Last Prime Trust valuation
$214M
Series B · Jun 2022
Last Prime Trust funding round
$107M
Series B · Jun 2022
Cumulative funding Prime Trust raised
$176M
across 5 funding rounds
Key investors in Prime Trust
Samsung NEXT
Commerce Ventures
Seven Peaks Ventures
Fidelity Information Services
Mercato Partners
Diverse Angels
About Prime Trust
Prime Trust is a Las Vegas-headquartered regulated trust company founded in 2016, providing digital asset custody, APIs, and infrastructure for fintech and crypto platforms. The firm supports exchanges, payment processors, and wallets with secure blockchain wallets, fiat on-ramps, and compliance tools under Nevada charter. Prime Trust earned spots on Forbes America's Best Startup Employers 2022 and CB Insights Blockchain 50.
Founded
2016
HQ
Las Vegas, NVWebsite
Status
Privately held
Customer focus
B2B
Revenue model
Services
Valuation
$214M (Jun 2022)
Prime Trust Valuation
Prime Trust is currently valued at $214M, based on its Series B in June 2022.
The $107M round was led by Fidelity Information Services.
Prime Trust's valuation has grown 36x from $6M at its seed round in May 2016 to $214M in June 2022, across 4 priced rounds.
Prime Trust valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Jun 2022 | Series B | $214M |
| May 2018 | Series A | $16M |
| May 2017 | Series A | $14M |
| May 2016 | Seed | $6M |
Prime Trust Funding History
Prime Trust has raised a total of $176M across 5 funding rounds.
Prime Trust's first fundraising round was a $2M seed round in May 2016. The most recent completed round was a $107M Series B in June 2022.
Prime Trust funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jun 2022 | Series B | Fidelity Information Services (lead) | $107M | $214M | Prime Trust, a leading provider of financial infrastructure for fintech and digital asset innovators, raised over $100 million (specifically $107 million) in its Series B funding round on June 22, 2022, led by investors including FIS, Fin Capital, Mercato Partners, and Kraken Ventures, along with Commerce Ventures, William Blair & Company, Decasonic, University Growth Fund, Gaingels, GateCap Ventures, and Seven Peaks Ventures. This brought total funding to more than $170 million following a $64 million Series A in July 2021. The capital was intended to expand products and services, including the launch of Crypto IRA, wealth management, staking products, and support for tokenized assets, while migrating to cloud architecture and scaling operations amid Web 3 and DeFi growth. At the time, Prime Trust served nearly 700 fintech and digital asset clients, including crypto exchanges, on-ramps, wallet apps, ATSs, RIAs, broker-dealers, banks, and neobanks, powering mission-critical infrastructure like compliance, onboarding, trading, custody, and liquidity solutions. The company had grown its team to 400 employees, focusing on R&D, product, engineering, sales, and compliance since the prior round. Achievements in the first half of 2022 included debuting Crypto IRA beta products (full launch planned for Fall 2022) and earning SOC 2 Type 2 and ISO/IEC 27001:2013 certifications. CFO Rodrigo Vicuna highlighted hyper growth despite market volatility, noting the company had doubled revenue for four years straight, driving strong investor enthusiasm. CEO Tom Pageler emphasized the investment's role in scaling new offerings and leveraging FIS's operational expertise. The round was oversubscribed, positioning Prime Trust as a 'picks-and-shovels' infrastructure player in the competitive crypto-fintech space. |
| Jul 2021 | Series A | Mercato Partners (lead); s20 Capital; Nationwide Building; Samsung NEXT; Seven Peaks Ventures; Nevcaut Ventures; Kraken; Diverse Angels; Ayon Capital; Commerce Ventures; University Growth Fund | $64M | - | Prime Trust is a Las Vegas-based fintech providing API-based financial infrastructure, custody, and trustee services for fintech innovators, particularly in digital assets, crypto exchanges, NFT creators, digital wallets, ATS platforms, RIAs, broker-dealers, banks, and neobanks. The company originated in investment crowdfunding and expanded into digital assets, offering plug-and-play widgets and APIs that enable rapid scaling of financial services. It processes over 250 million API calls per month for clients including Binance.US, Kraken, Bittrex, and Strike. On July 28, 2021, Prime Trust closed a $64 million Series A funding round led by Mercato Partners' Traverse Fund, bringing total funding to $69 million. Participants included Samsung Next, Nationwide, Commerce Ventures, Ayon Capital, Kraken Ventures, s20 Capital (STCAP), Seven Peaks Ventures, Diverse Angels, University Growth Fund, and Nevcaut Ventures. Zane Busteed from Mercato Partners and Tom Gonser from Seven Peaks Ventures and DocuSign joined the board. At the time of the round, Prime Trust reported crossing a $100 million annual revenue run rate, significantly exceeding profitability and revenue projections. The funds were allocated to expand team size, add systems, and grow B2B market share in crypto areas like digital asset exchanges, banks, consumer retailers, OTC desks, tokenized assets, wallets, and crowdfunding, while venturing into payments, alternative assets, wealthtech, neobanks, and RIAs. CEO Tom Pageler emphasized accelerating innovation in financial services, with CFO Rodrigo Vicuna noting the company's rocketship growth. The round positioned Prime Trust as a one-stop shop for secure financial infrastructure amid rising fintech and digital asset demands. A subsequent $100M Series B was raised in June 2022 with some overlapping investors. |
| May 2018 | Series A | Central Capital Ventura | $1M | $16M | - |
| May 2017 | Series A | - | $2M | $14M | - |
| May 2016 | Seed | - | $2M | $6M | - |
Who has invested in Prime Trust?
13 investors have backed Prime Trust across its funding rounds, including Samsung NEXT, Commerce Ventures, Seven Peaks Ventures, Fidelity Information Services, Mercato Partners and Diverse Angels.
Lead investors include Fidelity Information Services and Mercato Partners.
Prime Trust Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| Salt Lake City, UT | 1 | Participant | Jul 2021 | |
| Salt Lake City, UT | 1 | Lead | Jul 2021 | |
 Swindon | 1 | Participant | Jul 2021 | |
| San Francisco, CA | 1 | Participant | Jul 2021 | |
| San Francisco, CA | 1 | Participant | Jul 2021 | |
| United States | 1 | Participant | Jul 2021 | |
| London | 1 | Participant | Jul 2021 | |
| Los Angeles, CA | 1 | Participant | Jul 2021 | |
| Ocala, FL | 1 | Participant | Jul 2021 | |
| San Francisco, CA | 1 | Participant | Jul 2021 | |
 Jakarta | 1 | Participant | May 2018 | |
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Start Free TrialAcquisitions by Prime Trust
Prime Trust has acquired 1 company to date.
Last acquisition by Prime Trust was on July 18th 2018. Prime Trust acquired FundAmerica Technologies for undisclosed valuation.
Latest Acquisitions by Prime Trust
| Description | FundAmerica Technologies is a provider of back-office services for equity and debt fundraising under JOBS Act regulations, including 506(b), 506(c), and Title III offerings. It equips portals and issuers with compliance tools for federal and state laws, integrating proprietary technology to ensure seamless operations at reduced costs. The platform handles e-signature, investor accreditation, and reporting requirements. |
| HQ Country | |
| HQ City | Los Angeles, CA |
| Deal Date | 18 Jul 2018 |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Prime Trust acquisitions and their M&A valuation multiples. Start Free Trial | |
Prime Trust Competitors
Prime Trust competitors include listed companies like Finexity and Securitize, and private ones like Orderly Network, ThunderCore, Moralis and OpenNode.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
 Nassau | Private | - | - | $200M | - | |
| San Francisco, CA | Private | - | - | $200M | - | |
 Germany | Publicly listed | $2M | ($1M) | $49M | 4.6x | |
| United States | Publicly listed | $62M | ($34M) | $1.5B | 22.2x | |
 Stockholm | Private | - | - | $215M | - | |
| Los Angeles, CA | Private | - | - | $220M | - |
Prime Trust Public Comps
Prime Trust is still privately-owned, but its public comps include Wewards, Capital B, DeFi Technologies, Exodus Movement, StableCoinX, OranjeBTC, Bitcoin Group, EUWAX, Amber International and Solana.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| - | ($77K) | - | - | (2932.9x) | - | |||
| $13M | ($5M) | 6.6x | 6.6x | (15.9x) | (15.7x) | |||
| $76M | $70M | 1.0x | 1.4x | 1.1x | (16.5x) | |||
| $122M | ($21M) | 1.4x | 1.4x | (8.0x) | (13.8x) | |||
| - | - | - | - | - | - | |||
| - | - | - | - | - | - | |||
| $12M | $2M | 12.8x | 19.1x | 78.6x | (2062.8x) | |||
| $96M | - | 2.9x | - | - | - | |||
This data is available for Pro users. Sign up to see all Prime Trust competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Prime Trust
| When was Prime Trust founded? | Prime Trust was founded in 2016. |
| Where is Prime Trust headquartered? | Prime Trust is headquartered in Las Vegas, NV, United States. |
| Is Prime Trust publicly listed? | No, Prime Trust is a private, VC-backed company. |
| What is Prime Trust's valuation? | Prime Trust was last valued at $214M in its Series B in June 2022. |
| How much funding has Prime Trust raised? | Prime Trust has raised $176M across 5 funding rounds. |
| What was Prime Trust's last funding round? | Prime Trust's last funding round was a $107M Series B in June 2022, led by Fidelity Information Services. |
| Who are Prime Trust's investors? | Prime Trust's investors include s20 Capital, Mercato Partners, Nationwide Building, Samsung NEXT, Seven Peaks Ventures, Nevcaut Ventures, Kraken, Diverse Angels, Ayon Capital, Commerce Ventures and 3 others. |
| Which companies are comparable to Prime Trust? | Companies comparable to Prime Trust include Orderly Network, ThunderCore, Finexity, Securitize, Moralis and OpenNode. |
| How many companies has Prime Trust acquired? | Prime Trust has acquired 1 company, including FundAmerica Technologies. |
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