Scalar Revenue, Valuation, Funding & Investors

Scalar is valued at $710M as of October 2022, a 6.5x multiple on its last reported $110M revenue.

Last Scalar valuation

$710M

Series A · Oct 2022

Last Scalar funding round

$10M

Series A · Oct 2022

Scalar revenue

$110M

Series A · Oct 2022

Key investors in Scalar

  • MITSUI SUMITOMO INSURANCE Venture Capital (MSIVC)
  • D4V
  • LINE Ventures
  • MID Venture Capital
  • Mynavi
  • TIS Japan

Scalar Overview

About Scalar

Scalar is a developer of distributed ledger technology software for secure, scalable blockchain applications. The company provides open-source protocols and enterprise-grade tools for building decentralized networks, with features like sharding for high-throughput transactions. Scalar supports developers in finance, supply chain, and identity management sectors through SDKs and node software deployable on-premises or in the cloud.


Founded

2017

HQ

JapanTokyo

Status

Privately held

Customer focus

B2B

Revenue model

Licensing, Subscription

Revenue

$110M (Oct 2022)

Valuation

$710M (Oct 2022)

Scalar Valuation

Scalar is currently valued at $710M, based on its Series A in October 2022.

Scalar valuation by funding round

Scalar valuation by funding round
DateStageValuationRevenue Multiple
Oct 2022Series A$710M6.5x

Scalar Revenue

Scalar's latest recorded revenue is $110M, as of its Series A in October 2022. At a $710M valuation, that implies a 6.5x revenue multiple.

Scalar revenue by funding round

Scalar revenue and valuation multiple by funding round
DateRevenue *ValuationRevenue MultipleStage
Oct 2022$110M$710M6.5xSeries A

* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.

Scalar Funding History

Scalar has raised a total of $16M across 3 funding rounds.

Scalar's first fundraising round was a $3M seed round in August 2018. The most recent completed round was a $10M Series A in October 2022.

Scalar funding rounds

Scalar funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Oct 2022Series A-$10M$710MScaler is an India-based edtech startup offering upskilling courses in data science, machine learning, and computer science to working professionals and college graduates. It partners with enterprises like Amazon, Google, Microsoft, PayPal, Adobe, and VMware, delivering three to four sessions per week at $3,350 per course. Scaler originated from InterviewBit, which has millions of users focused on interview preparation resources. Scaler raised $55 million in its Series B funding round on January 31, 2022, led by Lightrock India with participation from Sequoia Capital India and Tiger Global, bringing total funding to $76.5 million. The round valued the company at $710 million post-money, up from about $110 million two years prior and following a rejected $400 million buyout offer from Unacademy in late 2021. Funds are earmarked for aggressive expansion into international markets like the U.S. and potential acquisitions of startups. The platform has transformed over 15,000 careers with more than 1,200 placement partners, including over 300 placements at Amazon. Scaler reported operational profitability at the time and works to bridge the gap between academic outputs and tech industry demands.
Feb 2020Series ATIS Japan; J-Power; MID Venture Capital; D4V; MITSUI SUMITOMO INSURANCE Venture Capital (MSIVC); LINE Ventures$3M--
Aug 2018SeedH2 Investment; MITSUWA SANGYO; Top Gate; Sanwa Industry; Mynavi; MID Venture Capital; D4V; Creators Coin; MITSUI SUMITOMO INSURANCE Venture Capital (MSIVC); LINE Ventures$3M--

Who has invested in Scalar?

12 investors have backed Scalar across its funding rounds, including MITSUI SUMITOMO INSURANCE Venture Capital (MSIVC), D4V, LINE Ventures, MID Venture Capital, Mynavi and TIS Japan.


Scalar Investors

Investors in Scalar by funding rounds participated
InvestorHQRoundsRoleFirst check
MID Venture CapitalJapanTokyo2ParticipantAug 2018
D4VJapanTokyo2ParticipantAug 2018
MITSUI SUMITOMO INSURANCE Venture Capital (MSIVC)JapanTokyo2ParticipantAug 2018
LINE VenturesJapanTokyo2ParticipantAug 2018
H2 InvestmentGermanyHamburg1ParticipantAug 2018
MITSUWA SANGYOJapanJapan1ParticipantAug 2018
Top GateJapanTokyo1ParticipantAug 2018
TIS JapanJapanTokyo1ParticipantFeb 2020
J-PowerJapanTokyo1ParticipantFeb 2020
Sanwa IndustryJapanJapan1ParticipantAug 2018

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Scalar Competitors

Scalar competitors include listed companies like Horizon Quantum and Hanwang Technology Co, and private ones like Taiko Labs, Elliptic, Unmarshal and Madhive.

Public and private companies comparable to Scalar
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Taiko LabsHong KongHong KongPrivate--$1B-
EllipticUnited KingdomLondonPrivate--$670M-
UnmarshalIndiaBangalorePrivate--$600M-
MadhiveUnited StatesNew York City, NYPrivate$125M-$900M7.2x
Horizon QuantumSingaporeSingaporePublicly listed$269K($5M)$729M-
Hanwang Technology CoChinaChinaPublicly listed$282M($14M)$605M-

Scalar Public Comps

Scalar is still privately-owned, but its public comps include Horizon Quantum, BitGo Holdings, Indokripto Koin Semesta, Hanwang Technology Co, Rhino Bitcoin, HashKey Holdings, Qt Group, Stewards, Coincheck Group and Bakkt.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Horizon Quantum$269K($5M)2287.8x-(125.2x)(33.0x)
BitGo Holdings$16B($9M)0.1x5.5x(125.1x)125.4x
Indokripto Koin Semesta$16M$7M36.9x-81.1x-
Hanwang Technology Co$282M($14M)2.2x-(44.4x)-
Rhino Bitcoin$478K($417K)1242.8x-(1423.4x)-
HashKey Holdings$92M($109M)6.4x-(5.4x)-
Qt Group$249M$62M4.3x3.9x17.3x16.0x
Stewards------

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Common questions about Scalar

When was Scalar founded?Scalar was founded in 2017.
Where is Scalar headquartered?Scalar is headquartered in Tokyo, Japan.
Is Scalar publicly listed?No, Scalar is a private, VC-backed company.
What is Scalar's valuation?Scalar was last valued at $710M in its Series A in October 2022.
How much funding has Scalar raised?Scalar has raised $16M across 3 funding rounds.
What was Scalar's last funding round?Scalar's last funding round was a $10M Series A in October 2022.
Who are Scalar's investors?Scalar's investors include MID Venture Capital, D4V, MITSUI SUMITOMO INSURANCE Venture Capital (MSIVC), LINE Ventures, H2 Investment, MITSUWA SANGYO, Top Gate, TIS Japan, J-Power, Sanwa Industry and 2 others.
What is Scalar's revenue?Scalar's latest recorded revenue is $110M (October 2022).
What is Scalar's revenue multiple?Scalar's latest valuation implies a 6.5x revenue multiple ($710M valuation on $110M of revenue).
Which companies are comparable to Scalar?Companies comparable to Scalar include Taiko Labs, Elliptic, Unmarshal, Madhive, Horizon Quantum and Hanwang Technology Co.

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