Tezos Funding, Investors & Competitors

Tezos has raised $242M across 2 funding rounds, most recently a $232M ico round in July 2017.

See full Tezos profile

Last Tezos funding round

$232M

ICO · Jul 2017

Cumulative funding Tezos raised

$242M

across 2 funding rounds

Key investors in Tezos

  • Lombardstreet Ventures
  • Kosmos Ventures
  • Tykhe Ventures
  • MiH Ventures
  • Tezos
  • ChainFunder
  • Block Capital

Tezos Overview

About Tezos

Tezos is a self-amending proof-of-stake blockchain platform supporting smart contracts and tokenized assets. Luxembourg-headquartered Tezos enables on-chain governance through baker nodes validating blocks every 30 seconds. It hosts ecosystems for NFTs via Objkt marketplace, DeFi protocols like Quipuswap, and enterprise applications with clients including Manchester United and Red Bull Racing. Tezos launched in 2018 after its 2017 ICO.


Founded

2014

HQ

SwitzerlandZug

Website

tezos.com

Status

Privately held

Customer focus

B2B & B2C

Revenue model

Usage-based

Tezos Funding History

Tezos has raised a total of $242M across 2 funding rounds.

Tezos' first fundraising round was a $10M seed round in February 2017. The most recent completed round was a $232M ico round in July 2017.

Tezos funding rounds

Tezos funding rounds
DateStageInvestorsRaised
Jul 2017ICOLombardstreet Ventures; ChainFunder; Tezos; Tykhe Ventures; Block Capital$232M
Feb 2017SeedKosmos Ventures (lead); MiH Ventures$10M

Who has invested in Tezos?

7 investors have backed Tezos across its funding rounds, including Lombardstreet Ventures, Kosmos Ventures, Tykhe Ventures, MiH Ventures, Tezos and ChainFunder.

Lead investors include Kosmos Ventures.


Tezos Investors

Investors in Tezos by funding rounds participated
InvestorHQRoundsRoleFirst check
Lombardstreet VenturesUnited StatesSan Francisco, CA1ParticipantJul 2017
ChainFunderChinaShanghai1ParticipantJul 2017
TezosSwitzerlandZug1ParticipantJul 2017
Tykhe VenturesIndiaGurgaon1ParticipantJul 2017
Kosmos VenturesAustraliaPerth1LeadFeb 2017

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Investments by Tezos

Tezos has invested in 5 companies to date.

Latest investment by Tezos was on July 22nd 2025. Tezos invested in Questflow in their $7M Seed round.


Latest Investments by Tezos

Questflow
Universal Health Token
Questflow
Kredete
Description
Questflow Labs is a Tel Aviv-based developer of AI agentic workflow platforms that orchestrate user intent detection, task automation, and human-AI collaboration. The software enables decentralized agent networks for enterprise processes in customer support and operations. Questflow integrates with LLMs like GPT models for multi-step reasoning and execution in cloud environments.
Universal Health Token is a blockchain platform from GOQii's Web3 division that gamifies preventive healthcare through token rewards for fitness and wellness activities. Users track steps, workouts, and health metrics via integrated wearables to earn UHT tokens redeemable for healthcare services and products. Launched in 2022, the platform operates on the Polygon network and partners with Indian hospitals for real-world utility in diagnostics and telemedicine. GOQii, its parent with over five million users in India, leverages this to expand into decentralized health incentives.
Questflow Labs is a Tel Aviv-based developer of AI agentic workflow platforms that orchestrate user intent detection, task automation, and human-AI collaboration. The software enables decentralized agent networks for enterprise processes in customer support and operations. Questflow integrates with LLMs like GPT models for multi-step reasoning and execution in cloud environments.
Kredete is a fintech platform serving African immigrants in the United States with remittance, mobile banking, and credit-building tools. Features include international transfers, savings accounts with FDIC insurance, debit cards, crypto trading, and AI-driven budgeting, all via licensed partners.
HQ CountryUnited StatesSpainUnited StatesUnited States
HQ City
San Francisco, CA
Tórtola
San Francisco, CA
New York City, NY
Deal Date22 Jul 202515 Sep 20248 Jul 20241 Jul 2024
RoundSeedPre-seedAngelSeed
Raised$7M$1M$2M$2M
InvestorsCatcherVC; systemic ventures; Delphi Labs; Eden Block; ElizaOS; Web3.com Ventures; WAGMI Ventures; Animoca Brands; White Star Capital; cyber•Fund; HashKey CapitalPolygon Ventures; Kratos Gamer Network (KGeN); Animoca BrandsAptos; MiraclePlus; Cohere; NEAR; SpringX; Future3 CampusBlockchain Founders Fund; DNA Fund; Polymorphic Capital; Techstars; Neer Venture Partners; SDF Fund; Siddharth Singhal; Launch Africa
Valuationundisclosedundisclosed$15Mundisclosed
EV/Revenue
EV/EBITDA

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Tezos Competitors

Tezos competitors include listed companies like Block, Coinbase and Circle, and private ones like Ripple, OKX and Kraken.

Public and private companies comparable to Tezos
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
RippleUnited StatesSan Francisco, CAPrivate$1.2B-$50B-
BlockUnited StatesUnited StatesPublicly listed$24B$2.2B$46B1.6x
CoinbaseUnited StatesUnited StatesPublicly listed$7.2B$1.8B$46B7.6x
OKXSeychellesVictoriaPrivate$1.9B-$25B13.2x
CircleUnited StatesUnited StatesPublicly listed$2.7B($73M)$22B6.8x
KrakenUnited StatesSan Francisco, CAPrivate$2.2B$531M$21B9.5x

Tezos Public Comps

Tezos is still privately-owned, but its public comps include Strategy, Block, Coinbase, Circle, BitMine, Bullish, Galaxy Digital, Hyperliquid Strategies, Sharplink and Securitize.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Strategy$477M($5.4B)149.4x144.4x(13.1x)(12.3x)
Block$24B$2.2B1.7x1.6x18.6x9.4x
Coinbase$7.2B$1.8B6.1x7.6x24.2x27.2x
Circle$2.7B($73M)7.2x6.8x(273.4x)29.6x
BitMine$6M($364M)2308.9x97.4x(38.6x)-
Bullish$245B($727M)0.0x13.5x(6.3x)38.2x
Galaxy Digital$60B($177M)0.1x0.2x(43.3x)(182.6x)
Hyperliquid Strategies$9M-308.0x162.2x--

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Common questions about Tezos

When was Tezos founded?Tezos was founded in 2014.
Where is Tezos headquartered?Tezos is headquartered in Zug, Switzerland.
Is Tezos publicly listed?No, Tezos is a private, VC-backed company.
How much funding has Tezos raised?Tezos has raised $242M across 2 funding rounds.
What was Tezos' last funding round?Tezos' last funding round was a $232M ico round in July 2017.
Who are Tezos' investors?Tezos' investors include Lombardstreet Ventures, ChainFunder, Tezos, Tykhe Ventures, Kosmos Ventures, Block Capital and MiH Ventures.
Which companies are comparable to Tezos?Companies comparable to Tezos include Ripple, Block, Coinbase, OKX, Circle and Kraken.
How many companies has Tezos invested in?Tezos has invested in 5 companies, including Questflow, Universal Health Token, Kredete, Baanx Group and Kyro Digital Corp..
What was Tezos' last investment?In July 2025, Tezos invested in Questflow's $7M seed round alongside CatcherVC, systemic ventures, Delphi Labs and 8 other investors.

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