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TenX Valuation, Funding & Investors

TenX is valued at $11M as of March 2017.

See full TenX profile

Last TenX valuation

$11M

Seed · Mar 2017

Last TenX funding round

$80M

ICO · Jun 2017

Cumulative funding TenX raised

$125M

across 4 funding rounds

Key investors in TenX

  • Chain Capital
  • Fenbushi Capital
  • James Sowers
  • Kosmos Ventures
  • Alexis Berthoud
  • TWIN CAPITAL ASSET MANAGEMENT

TenX Overview

About TenX

TenX is a blockchain platform enabling spending of cryptocurrencies via Visa cards worldwide. It converts digital assets to fiat at point-of-sale for everyday purchases. Based in Singapore, the company facilitates crypto adoption through its wallet and payment infrastructure launched in 2017.

Founded

2015

HQ

SingaporeSingapore

Website

tenx.tech

Status

Privately held

Customer focus

B2C

Revenue model

Commission

Valuation

$11M (Mar 2017)

Sectors

Crypto & Web3 PlatformsFinTech

TenX Valuation

TenX is currently valued at $11M, based on its seed round in March 2017.

The $1M round included Fenbushi Capital, Mustedanagic & Plott Brothers GbR, Dennis Jacobs, FF Estate AG, Kosmos Ventures and 2 other investors.

TenX's valuation has grown 10x from $1M at its angel round in January 2016 to $11M in March 2017, across 2 priced rounds.

TenX valuation by funding round

TenX valuation by funding round
DateStageValuation
Mar 2017Seed$11M
Jan 2016Angel$1M

TenX Funding History

TenX has raised a total of $125M across 4 funding rounds.

TenX's first fundraising round was a $100K angel round in January 2016. The most recent completed round was a $80M ico round in June 2017.

TenX funding rounds

TenX funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Jun 2017ICOJames Sowers; Cardinal Capital; Alexis Berthoud; TWIN CAPITAL ASSET MANAGEMENT; Chain Capital$80M--
Apr 2017Undisclosed stageChain Capital$44M-TenX is a Singapore-based blockchain fintech company that enables users to spend cryptocurrencies anywhere via a debit card system, connecting blockchains through its Commit Protocol on the frontend and backend. The company has backing from notable figures like Vitalik Buterin, Fenbushi Capital, Kenetic Capital, Bo Shen, and ICH, with headquarters in Singapore and London. TenX followed with a major token sale presale on June 14, 2017, reaching 100,000 ETH (approximately $39 million USD) in under 36 hours, and a public ICO on June 24, 2017, raising around $80-83 million as one of the largest ICOs that quarter. Early investors received a 20% bonus. TenX's PAY token became tradable on Bittrex starting July 7, 2017.
Mar 2017SeedFenbushi Capital; Mustedanagic & Plott Brothers GbR; Dennis Jacobs; FF Estate AG; Kosmos Ventures; John Rost; Andreas von Arx$1M$11M-
Jan 2016AngelDanny Toe; Steven Liew$100K$1M-

Who has invested in TenX?

14 investors have backed TenX across its funding rounds, including Chain Capital, Fenbushi Capital, James Sowers, Kosmos Ventures, Alexis Berthoud and TWIN CAPITAL ASSET MANAGEMENT.

TenX Investors

Investors in TenX by funding rounds participated
InvestorHQRoundsRoleFirst check
Chain CapitalChinaShanghai2ParticipantApr 2017
James SowersUnited StatesCheyenne, WY1ParticipantJun 2017
Fenbushi CapitalChinaShanghai1ParticipantMar 2017
Cardinal CapitalSingaporeSingapore1ParticipantJun 2017
Mustedanagic & Plott Brothers GbR--1ParticipantMar 2017
Danny Toe--1ParticipantJan 2016
Dennis Jacobs--1ParticipantMar 2017
FF Estate AGGermanyNuremberg1ParticipantMar 2017
Kosmos VenturesAustraliaPerth1ParticipantMar 2017
John Rost--1ParticipantMar 2017
Steven Liew--1ParticipantJan 2016
Alexis BerthoudFranceFrance1ParticipantJun 2017

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TenX Competitors

TenX competitors include listed companies like Coinsilium Group and Rocket Sharing, and private ones like 02X6-e-wallet, AANN.ai, ArtVenture and Blockparty.

Public and private companies comparable to TenX
CompanyHQStatusRevenueEBITDAValuation
02X6-e-walletCayman IslandsCayman IslandsPrivate--$11M
AANN.aiSwitzerlandSwitzerlandPrivate--$11M
ArtVentureVietnamHo Chi Minh CityPrivate--$11M
BlockpartyUnited StatesLos Angeles, CAPrivate--$11M
Coinsilium GroupUnited StatesUnited StatesPublicly listed$8K($8M)$13M
Rocket SharingItalyItalyPublicly listed$8M$2M$9M

TenX Public Comps

TenX is still privately-owned, but its public comps include Coinsilium Group, Rocket Sharing, Surgepays, Next Technology Holding, HYLQ Strategy, House of Doge, Tokentus Investment, Safello Group, One Experience and TenX Protocols.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Coinsilium Group$8K($8M)1401.3x-(1.5x)-
Rocket Sharing$8M$2M1.5x-7.8x-
Surgepays$57M($33M)0.4x0.4x(0.7x)(1.7x)
Next Technology Holding$12M-----
HYLQ Strategy$17K($1M)409.0x-(5.4x)-
House of Doge------
Tokentus Investment$28K($2M)195.8x-(2.7x)-
Safello Group$82M($1M)0.1x-(3.5x)-

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Common questions about TenX

When was TenX founded?TenX was founded in 2015.
Where is TenX headquartered?TenX is headquartered in Singapore, Singapore.
Is TenX publicly listed?No, TenX is a private, VC-backed company.
What is TenX's valuation?TenX was last valued at $11M in its seed round in March 2017.
How much funding has TenX raised?TenX has raised $125M across 4 funding rounds.
What was TenX's last funding round?TenX's last funding round was a $80M ico round in June 2017.
Who are TenX's investors?TenX's investors include Chain Capital, James Sowers, Fenbushi Capital, Cardinal Capital, Mustedanagic & Plott Brothers GbR, Danny Toe, Dennis Jacobs, FF Estate AG, Kosmos Ventures, John Rost and 4 others.
Which companies are comparable to TenX?Companies comparable to TenX include 02X6-e-wallet, AANN.ai, ArtVenture, Blockparty, Coinsilium Group and Rocket Sharing.

See companies similar to TenX

Coinsilium Group

Coinsilium Group Ltd is engaged in investing and accelerating early-stage blockchain technology companies and providing strategic advisory services to companies in preparation for their Token Generation Event. The reportable segments of the company are; Investing activities, Advisory activities, and Corporate activity. It generates maximum revenue from the Advisory activities segment.

Rocket Sharing

Rocket Sharing Co SpA has developed a technology-based marketplace blockchain. Through its platform, consumers are encouraged to purchase products and services which provides a cashback incentive mechanism, that allows users to accumulate vouchers to be used as a discount on subsequent purchases.

Surgepays

Surgepays Inc is a fintech company focused on the underbanked community. It provides services to financial technology, telecommunications, and digital media companies. Its operating segment includes Mobile Virtual Network Operators that provide mobile broadband (internet connectivity), voice and SMS text messaging to both subsidized and direct retail prepaid customers through SurgePhone Wireless, LLC and Torch Wireless, LLC; Comprehensive Platform Services provide financial technology and a wireless top-up platform to independently owned convenience stores throughout the country; and Others. It generates the majority of its revenue from the Mobile Virtual Network Operators segment.

House of Doge

House of Doge Inc develops infrastructure to support the use of Dogecoin in commerce. The company is working on systems for digital payments, financial products, and tokenization of real-world assets. It also provides consulting, educational resources, and operational support to businesses using Dogecoin.

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