- Companies
- Tezos
Tezos Funding, Investors & Competitors
Tezos has raised $242M across 2 funding rounds, most recently a $232M ico round in July 2017.
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
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
Website
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
| Date | Stage | Investors | Raised |
|---|---|---|---|
| Jul 2017 | ICO | Lombardstreet Ventures; ChainFunder; Tezos; Tykhe Ventures; Block Capital | $232M |
| Feb 2017 | Seed | Kosmos 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
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 1 | Participant | Jul 2017 | ||
| 1 | Participant | Jul 2017 | ||
| 1 | Participant | Jul 2017 | ||
| 1 | Participant | Jul 2017 | ||
| 1 | Lead | Feb 2017 | ||
This data is available for Pro users. Sign up to see all 7 Tezos 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 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
| 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 Country | |||||
| HQ City | San Francisco, CA | Tórtola | San Francisco, CA | New York City, NY | |
| Deal Date | 22 Jul 2025 | 15 Sep 2024 | 8 Jul 2024 | 1 Jul 2024 | |
| Round | Seed | Pre-seed | Angel | Seed | |
| Raised | $7M | $1M | $2M | $2M | |
| Investors | CatcherVC; systemic ventures; Delphi Labs; Eden Block; ElizaOS; Web3.com Ventures; WAGMI Ventures; Animoca Brands; White Star Capital; cyber•Fund; HashKey Capital | Polygon Ventures; Kratos Gamer Network (KGeN); Animoca Brands | Aptos; MiraclePlus; Cohere; NEAR; SpringX; Future3 Campus | Blockchain Founders Fund; DNA Fund; Polymorphic Capital; Techstars; Neer Venture Partners; SDF Fund; Siddharth Singhal; Launch Africa | |
| Valuation | undisclosed | undisclosed | $15M | undisclosed | |
| EV/Revenue | |||||
| EV/EBITDA | |||||
This data is available for Pro users. Sign up to see all Tezos investments and their VC round multiples. Start Free Trial | |||||
Tezos Competitors
Tezos competitors include listed companies like Block, Coinbase and Circle, and private ones like Ripple, OKX and Kraken.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $1.2B | - | $50B | - | ||
| Publicly listed | $24B | $2.2B | $46B | 1.6x | ||
| Publicly listed | $7.2B | $1.8B | $46B | 7.6x | ||
| Private | $1.9B | - | $25B | 13.2x | ||
| Publicly listed | $2.7B | ($73M) | $22B | 6.8x | ||
| Private | $2.2B | $531M | $21B | 9.5x |
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 FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $477M | ($5.4B) | 149.4x | 144.4x | (13.1x) | (12.3x) | |||
| $24B | $2.2B | 1.7x | 1.6x | 18.6x | 9.4x | |||
| $7.2B | $1.8B | 6.1x | 7.6x | 24.2x | 27.2x | |||
| $2.7B | ($73M) | 7.2x | 6.8x | (273.4x) | 29.6x | |||
| $6M | ($364M) | 2308.9x | 97.4x | (38.6x) | - | |||
| $245B | ($727M) | 0.0x | 13.5x | (6.3x) | 38.2x | |||
| $60B | ($177M) | 0.1x | 0.2x | (43.3x) | (182.6x) | |||
| $9M | - | 308.0x | 162.2x | - | - | |||
This data is available for Pro users. Sign up to see all Tezos competitors and their valuation data. Start Free Trial | ||||||||
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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