- Companies
- Tools For Humanity
Tools For Humanity Funding, Investors & Competitors
Tools For Humanity has raised $355M across 2 funding rounds, most recently a $240M undisclosed-stage round in November 2025.
Last Tools For Humanity funding round
$240M
Undisclosed stage · Nov 2025
Cumulative funding Tools For Humanity raised
$355M
across 2 funding rounds
Key investors in Tools For Humanity
Andreessen Horowitz
Khosla Ventures
Bain Capital
a16z crypto
Blockchain Capital
Distributed Global
Bain Capital Crypto
G42
About Tools For Humanity
Tools for Humanity is a technology company advancing blockchain and digital identity solutions amid AI proliferation. It contributes to the World Network ecosystem, developing iris-based World ID verification tools. Based in San Francisco, projects accessible at toolsforhumanity.com.
Founded
2019
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Services
Tools For Humanity Funding History
Tools For Humanity has raised a total of $355M across 2 funding rounds.
Tools For Humanity's first fundraising round was a $115M Series C in May 2023. The most recent completed round was a $240M undisclosed-stage round in November 2025.
Tools For Humanity funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Nov 2025 | Undisclosed stage | Khosla Ventures; Andreessen Horowitz; Bain Capital | $240M | Tools For Humanity, also known as Worldcoin, is a San Francisco-based company developing a global digital-currency and identity platform using iris-scanning 'Orb' devices to verify human identity and distribute tokens via a crypto wallet. The project aims to create a 'proof of personhood' network amid rising AI concerns, with operations spanning urban and rural areas across multiple continents. It separates into a for-profit tech entity (Tools For Humanity) and nonprofit-like structures like the World Foundation overseeing token distribution. The company has raised approximately $240 million in total funding across multiple rounds, including a Series A of $100 million around March 2022 led by investors like Andreessen Horowitz (a16z) and Khosla Ventures at a ~$3 billion valuation, following earlier seed/pre-Series A rounds totaling ~$140 million with backers such as Founders Fund and Blockchain Capital. Funds supported Orb hardware scaling, global rollout, and ecosystem development. |
| May 2023 | Series C | Blockchain Capital (lead); a16z crypto; Distributed Global; G42; Bain Capital Crypto | $115M | Tools for Humanity, the developer of Worldcoin co-founded by OpenAI's Sam Altman, raised $115 million in a Series C funding round announced around May 25, 2023, led by Blockchain Capital with participation from a16z crypto, Bain Capital Crypto, and Distributed Global. The funds are intended to accelerate development and growth of Worldcoin, including its commission-free World App wallet, bot detection, research, and expansion of the project currently in beta with about two million users across five continents. Worldcoin aims to create unique digital identities via iris scans using blockchain technology and zero-knowledge proofs, enabling privacy-preserving human verification amid rising AI concerns, while also pursuing a global currency and app for payments. Previously, Tools for Humanity raised at a $3 billion valuation in February 2022 Series B and has totaled around $194 million to $315 million across multiple rounds from investors including Andreessen Horowitz and others. Worldcoin's core product, World ID, verifies humanity without compromising anonymity, supporting goals of equitable global economy through internet and crypto. Challenges include privacy concerns, black markets for credentials, regulatory hurdles preventing U.S. and China launches, and bear market conditions, yet it secured funding amid plummeting Web3 investments. Plans include token launch later in 2023 and potential decentralization to a nonprofit foundation, with recent developments like Orb Mini for scaling human verification. |
Who has invested in Tools For Humanity?
8 investors have backed Tools For Humanity across its funding rounds, including Andreessen Horowitz, Khosla Ventures, Bain Capital, a16z crypto, Blockchain Capital and Distributed Global.
Lead investors include Blockchain Capital.
Tools For Humanity Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 1 | Participant | May 2023 | ||
| 1 | Participant | May 2023 | ||
| 1 | Lead | May 2023 | ||
| 1 | Participant | May 2023 | ||
| 1 | Participant | Nov 2025 | ||
| 1 | Participant | Nov 2025 | ||
This data is available for Pro users. Sign up to see all 8 Tools For Humanity 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 TrialAcquisitions by Tools For Humanity
Tools For Humanity has acquired 1 company to date.
Last acquisition by Tools For Humanity was on January 3rd 2024. Tools For Humanity acquired Ottr Finance for undisclosed valuation.
Latest Acquisitions by Tools For Humanity
| Description | Ottr Finance is a non-custodial wallet and DeFi platform built on the Solana blockchain. Users send payments to contacts, earn yield on stablecoins like USDC, and trade cryptocurrencies through an intuitive mobile interface. Launched in 2023, Ottr Finance supports Solana Pay for merchant transactions and integrates with Jupiter DEX aggregator for swaps. The platform processes transactions at sub-second speeds with fees under $0.01, targeting retail investors in the United States and Europe. |
| HQ Country | |
| HQ City | San Francisco, CA |
| Deal Date | 3 Jan 2024 |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Tools For Humanity acquisitions and their M&A valuation multiples. Start Free Trial | |
Tools For Humanity Competitors
Tools For Humanity 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 |
Tools For Humanity Public Comps
Tools For Humanity 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 Tools For Humanity competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Tools For Humanity
| When was Tools For Humanity founded? | Tools For Humanity was founded in 2019. |
| Where is Tools For Humanity headquartered? | Tools For Humanity is headquartered in San Francisco, CA, United States. |
| Is Tools For Humanity publicly listed? | No, Tools For Humanity is a private, VC-backed company. |
| How much funding has Tools For Humanity raised? | Tools For Humanity has raised $355M across 2 funding rounds. |
| What was Tools For Humanity's last funding round? | Tools For Humanity's last funding round was a $240M undisclosed-stage round in November 2025. |
| Who are Tools For Humanity's investors? | Tools For Humanity's investors include a16z crypto, Distributed Global, Blockchain Capital, G42, Khosla Ventures, Andreessen Horowitz, Bain Capital and Bain Capital Crypto. |
| Which companies are comparable to Tools For Humanity? | Companies comparable to Tools For Humanity include Ripple, Block, Coinbase, OKX, Circle and Kraken. |
| How many companies has Tools For Humanity acquired? | Tools For Humanity has acquired 1 company, including Ottr Finance. |
See companies similar to Tools For Humanity
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