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- Sygnum
Sygnum Revenue, Valuation, Funding & Investors
Sygnum is valued at $1B as of January 2025, a 10.0x multiple on its last reported $100M revenue.
Last Sygnum valuation
$1B
Series C · Jan 2025
Last Sygnum funding round
$58M
Series C · Jan 2025
Sygnum revenue
$100M
Series C · Jan 2025
Key investors in Sygnum
Animoca Brands
Fulgur Ventures
SCB 10X
Polymorphic Capital
Azimut Group
Wemade
About Sygnum
Sygnum is a Switzerland-headquartered digital asset banking group, founded in 2017, that provides institutional-grade services including digital asset banking, B2B platforms, asset management, tokenization, and custody through its Sygnum Protect and Sygnum Connect offerings. It serves more than 2,000 institutional clients across more than 70 countries and powers digital asset services for more than 20 banks, including a large share of Switzerland's banking sector. Sygnum operates in Switzerland, Singapore, the UAE, and Luxembourg, and manages around $5 billion in client assets.
Founded
2017
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Investment management
Revenue
$100M (Jan 2025)
Valuation
$1B (Jan 2025)
Sygnum Valuation
Sygnum is currently valued at $1B, based on its Series C in January 2025.
The $58M round was led by Fulgur Ventures.
Sygnum's valuation has grown 1.3x from $800M at its Series B in January 2022 to $1B in January 2025, across 3 priced rounds.
Sygnum valuation by funding round
Revenue multiple| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Jan 2025 | Series C | $1B | 10.0x |
| Jan 2024 | Undisclosed stage | $900M | 9.0x |
| Jan 2022 | Series B | $800M | - |
Sygnum Revenue
Sygnum's latest recorded revenue is $100M, as of its Series C in January 2025. At a $1B valuation, that implies a 10.0x revenue multiple.
Revenue moved from $100M in January 2024 to $100M in January 2025, while the revenue multiple moved from 9.0x to 10.0x.
Sygnum revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Jan 2025 | $100M | $1B | 10.0x | Series C |
| Jan 2024 | $100M | $900M | 9.0x | Undisclosed stage |
* 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.
Sygnum Funding History
Sygnum has raised a total of $188M across 3 funding rounds.
Sygnum's first fundraising round was a $90M Series B in January 2022. The most recent completed round was a $58M Series C in January 2025.
Sygnum funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jan 2025 | Series C | Fulgur Ventures (lead) | $58M | $1B | Sygnum, a Switzerland-headquartered global digital asset banking group founded in 2017, raised $58 million in an oversubscribed strategic growth round on January 14, 2025, achieving unicorn status with a post-money valuation exceeding $1 billion. The round was led by Bitcoin-focused Fulgur Ventures as cornerstone investor, with participation from new and existing strategic/financial investors and Sygnum team members, who maintain majority ownership alongside co-founders and board. This follows prior rounds including a $40 million growth investment at $900 million valuation in 2024 and a $90 million Series B at $800 million in 2022. Sygnum provides institutional-grade services including digital asset banking, B2B platforms, asset management, tokenization, custody (Sygnum Protect), and 24/7 settlement (Sygnum Connect) to over 2,000 institutional clients across 70+ countries, powering services for 20+ banks serving a large portion of Switzerland's population. It manages around $5 billion in client assets, with 2024 trading volumes surging over 1,000% year-on-year; revenue through Q3 2024 surpassed full-year 2023 figures, and the company achieved operational profitability in FY2024, though exact figures undisclosed. Proceeds will fund expansion into all 30 EU/EEA markets (building on recent Liechtenstein CASP license and presence in Switzerland, Singapore, UAE, Luxembourg), launch in Hong Kong, pursue acquisitions, enhance compliance/risk management, and develop Bitcoin-focused products amid rising institutional adoption. Sygnum emphasizes regulated infrastructure for digital assets like Bitcoin, positioning against competitors including Revolut, Mercury, and Monzo in crypto services. |
| Jan 2024 | Undisclosed stage | Azimut Group (lead) | $40M | $900M | Sygnum is a global digital asset banking group offering regulated products and services, including a B2B platform powering digital asset offerings for over 15 banks and financial institutions worldwide. The company operates in Switzerland, Singapore, Luxembourg, and the UAE, serving over 1,700 clients from more than 60 countries with assets under administration exceeding $4 billion as of early 2024. In January 2024, Sygnum completed an oversubscribed Strategic Growth Round, raising over $40 million against an initial $35 million target, led by Azimut Holding with participation from new and existing strategic investors, as well as Sygnum employees including co-founders and management who maintained majority ownership. This round elevated the post-money valuation to $900 million, up $100 million from the prior $800 million Series B in October 2022. The funding supports expansion of Sygnum's geographical footprint and acceleration of regulated offerings amid rising demand for institutional digital asset services post-'crypto winter.' Recent partnerships include deals with PostFinance and Bordier & Cie’s Singapore branch, building on a 2021 collaboration with Azimut involving tokenization of private credit portfolios. Sygnum grew its team to nearly 250 employees during market downturns, emphasizing regulation and governance under the thesis 'Future has Heritage.' Azimut CEO Giorgio Medda highlighted Sygnum's innovative edge and commitment to regulated crypto services poised for 2024 growth. |
| Jan 2022 | Series B | Rafael Nicolas Fermin Cota (lead); Sun Hung Kai & Co (lead); Artichoke Capital; SCB 10X; Animoca Brands; Polymorphic Capital; BitRock Capital; VinaCapital Ventures; SBI Digital Asset Holdings; META Investments; Wemade | $90M | $800M | - |
Who has invested in Sygnum?
13 investors have backed Sygnum across its funding rounds, including Animoca Brands, Fulgur Ventures, SCB 10X, Polymorphic Capital, Azimut Group and Wemade.
Lead investors include Fulgur Ventures, Azimut Group, Rafael Nicolas Fermin Cota and Sun Hung Kai & Co.
Sygnum Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 1 | Participant | Jan 2022 | ||
| 1 | Participant | Jan 2022 | ||
| 1 | Lead | Jan 2022 | ||
| 1 | Lead | Jan 2024 | ||
| 1 | Participant | Jan 2022 | ||
| 1 | Participant | Jan 2022 | ||
| 1 | Lead | Jan 2022 | ||
| 1 | Participant | Jan 2022 | ||
| 1 | Lead | Jan 2025 | ||
| 1 | Participant | Jan 2022 | ||
| 1 | Participant | Jan 2022 | ||
This data is available for Pro users. Sign up to see all 13 Sygnum 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 Sygnum
Sygnum has invested in 9 companies to date.
Latest investment by Sygnum was on June 13th 2025. Sygnum invested in Colossus in their $2M Seed round.
Latest Investments by Sygnum
| Description | Colossus is a blockchain infrastructure provider offering institutional-grade staking services across multiple networks. Founded in 2022 and headquartered in Singapore, it operates the Colossus Institutional Hub for delegation management, risk monitoring, and portfolio analytics. The platform integrates with custodians like Fireblocks and exchanges for seamless multi-chain operations in Ethereum, Cosmos, and Polkadot ecosystems. Colossus serves asset managers and venture firms with automated revenue sharing and compliance tools. | Chainstack is a managed blockchain infrastructure provider offering node deployment for Ethereum, Bitcoin, Polygon, and Solana networks. The platform delivers APIs, RPC endpoints, and orchestration tools for developers building dApps and Web3 applications. Founded in 2018 and headquartered in London, Chainstack supports enterprises with compliant, scalable access to over 25 blockchains. | Matter Labs is a blockchain technology company building zkSync, a layer-2 scaling solution for Ethereum using zero-knowledge rollups. Berlin-headquartered since 2018, it processes over 100 transactions per second at low gas fees while maintaining Ethereum security. zkSync Era mainnet launched in 2023 supports EVM-compatible smart contracts and has secured $458 million in funding from a16z and Blockchain Capital. | P2P Validator is a non-custodial staking service provider for professional investors in blockchain networks. The Malta-headquartered firm supports staking on Ethereum, Solana, Cosmos, and over 30 protocols with institutional-grade security and slashing protection. P2P Validator operates node infrastructure globally for high uptime. Founded in 2018, it manages billions in delegated assets. | |
| HQ Country | |||||
| HQ City | Rome | Singapore | Berlin | George Town | |
| Deal Date | 13 Jun 2025 | 15 May 2024 | 19 Mar 2024 | 20 Apr 2023 | |
| Round | Seed | Series A | ICO | Series A | |
| Raised | $2M | $6M | $50M | $23M | |
| Investors | Azimut Group; SBI Ven Capital | Ventech China; Azimut Group; Unicorn Factory Ventures; SBI Ven Capital | - | Bybit; Jump Crypto | |
| Valuation | undisclosed | undisclosed | undisclosed | undisclosed | |
| EV/Revenue | |||||
| EV/EBITDA | |||||
This data is available for Pro users. Sign up to see all Sygnum investments and their VC round multiples. Start Free Trial | |||||
Sygnum Competitors
Sygnum competitors include listed companies like HashKey Holdings and OSL Group, and private ones like Bitwise, Andalusia Labs, Axelar Network and Bitfury Group.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $500M | - | ||
| Private | - | - | $1B | - | ||
| Private | - | - | $1B | - | ||
| Private | - | - | $1B | - | ||
| Publicly listed | $92M | ($109M) | $884M | - | ||
| Publicly listed | $62M | ($48M) | $1.2B | 11.3x |
Sygnum Public Comps
Sygnum is still privately-owned, but its public comps include Amanat, Montepino, ALTAMIR, Wereldhave, FII CSHG Logistica, Destiny Tech100, HMC Capital, Sagicor Group Jamaica, Prodea Real Estate and Polar Capital Holdings.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $254M | $103M | 4.0x | - | 9.8x | - | |||
| $71M | - | 24.5x | - | - | - | |||
| ($86M) | $39M | (12.5x) | 20.1x | 27.3x | 27.3x | |||
| $249M | $165M | 10.1x | 11.7x | 15.2x | 15.8x | |||
| $60M | - | 17.3x | - | - | - | |||
| $48M | - | 20.3x | - | - | - | |||
| $129M | ($36M) | 8.2x | 4.9x | (29.2x) | 9.3x | |||
| $558M | $153M | 1.8x | - | 6.7x | - | |||
This data is available for Pro users. Sign up to see all Sygnum competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Sygnum
| When was Sygnum founded? | Sygnum was founded in 2017. |
| Where is Sygnum headquartered? | Sygnum is headquartered in Switzerland. |
| Is Sygnum publicly listed? | No, Sygnum is a private, VC-backed company. |
| What is Sygnum's valuation? | Sygnum was last valued at $1B in its Series C in January 2025. |
| How much funding has Sygnum raised? | Sygnum has raised $188M across 3 funding rounds. |
| What was Sygnum's last funding round? | Sygnum's last funding round was a $58M Series C in January 2025, led by Fulgur Ventures. |
| Who are Sygnum's investors? | Sygnum's investors include Artichoke Capital, SCB 10X, Sun Hung Kai & Co, Azimut Group, Animoca Brands, Polymorphic Capital, Rafael Nicolas Fermin Cota, BitRock Capital, Fulgur Ventures, VinaCapital Ventures and 3 others. |
| What is Sygnum's revenue? | Sygnum's latest recorded revenue is $100M (January 2025). |
| What is Sygnum's revenue multiple? | Sygnum's latest valuation implies a 10.0x revenue multiple ($1B valuation on $100M of revenue). |
| Which companies are comparable to Sygnum? | Companies comparable to Sygnum include Bitwise, Andalusia Labs, Axelar Network, Bitfury Group, HashKey Holdings and OSL Group. |
| How many companies has Sygnum invested in? | Sygnum has invested in 9 companies, including Colossus, Chainstack, Matter Labs, P2P Validator, T&B Media Global, SolanaFM, Young Platform and ZATAP. |
| What was Sygnum's last investment? | In June 2025, Sygnum invested in Colossus' $2M seed round alongside Azimut Group and SBI Ven Capital. |
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