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- Wormhole
Wormhole Valuation, Funding & Investors
Wormhole is valued at $2.5B as of November 2023.
Last Wormhole valuation
$2.5B
ICO · Nov 2023
Last Wormhole funding round
$225M
ICO · Nov 2023
Cumulative funding Wormhole raised
$225M
across 1 funding round
Key investors in Wormhole
Coinbase Ventures
Multicoin Capital
Borderless Capital
ParaFi Capital
Jump Crypto
Arrington XRP Capital
About Wormhole
Wormhole is a cross-chain interoperability protocol connecting over 30 blockchains including Ethereum, Solana, Polygon, and Aptos. It enables secure transfers of native assets, NFTs, and arbitrary data through its Guardian validation network. Developers leverage Wormhole's SDK for building multi-chain DeFi protocols, gaming platforms, and governance systems. Launched in 2021 by Jump Trading Group, the platform integrates with wallets like Phantom and Ledger. Costa Rica-based Wormhole Technology maintains ongoing expansions to chains such as Sui and Sei.
Founded
2007
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Usage-based
Valuation
$2.5B (Nov 2023)
Wormhole Valuation
Wormhole is currently valued at $2.5B, based on its ico round in November 2023.
The $225M round included ParaFi Capital, Brevan Howard Asset Management, Coinbase Ventures, Arrington XRP Capital, Multicoin Capital and 3 other investors.
Wormhole valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Nov 2023 | ICO | $2.5B |
Wormhole Funding History
Wormhole has raised a total of $225M across 1 funding round.
Wormhole funding rounds
| Date | Stage | Investors | Raised | Valuation |
|---|---|---|---|---|
| Nov 2023 | ICO | ParaFi Capital; Brevan Howard Asset Management; Coinbase Ventures; Arrington XRP Capital; Multicoin Capital; Borderless Capital; Jump Crypto; Dialectic | $225M | $2.5B |
Who has invested in Wormhole?
8 investors have backed Wormhole across its funding rounds, including Coinbase Ventures, Multicoin Capital, Borderless Capital, ParaFi Capital, Jump Crypto and Arrington XRP Capital.
Wormhole Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 1 | Participant | Nov 2023 | ||
| 1 | Participant | Nov 2023 | ||
| 1 | Participant | Nov 2023 | ||
| 1 | Participant | Nov 2023 | ||
| 1 | Participant | Nov 2023 | ||
| 1 | Participant | Nov 2023 | ||
This data is available for Pro users. Sign up to see all 8 Wormhole 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 Wormhole
Wormhole has invested in 4 companies to date.
Latest investment by Wormhole was on February 14th 2024. Wormhole invested in Lucidity in their $200K Pre-seed round.
Latest Investments by Wormhole
| Description | - | ZOTH is a blockchain platform bridging real-world assets with on-chain finance for retail investors. The ecosystem tokenizes properties and commodities, enabling liquidity through DeFi protocols on Ethereum and Solana. ZOTH connects traditional brokers with DEXs, facilitating trades in tokenized gold and real estate fractions. Launched in 2023 from Singapore, it partners with custodians in Dubai. | - | Seshat is a blockchain infrastructure provider offering low-latency data feeds and predictive model hosting. Based in Singapore, its enterprise bundle includes indexed blockchain data from Ethereum and Solana alongside runners for on-chain analytics models. Deployed since 2023, Seshat serves DeFi protocols and trading firms with sub-second query speeds and integrations for Dune and The Graph. |
| HQ Country | - | |||
| HQ City | - | Singapore | - | Singapore |
| Deal Date | 14 Feb 2024 | 14 Feb 2024 | 14 Feb 2024 | 14 Feb 2024 |
| Round | Pre-seed | Pre-seed | Pre-seed | Pre-seed |
| Raised | $200K | $200K | $200K | $200K |
| Investors | Borderless Capital; Outlier Ventures | Borderless Capital; Outlier Ventures | Borderless Capital; Outlier Ventures | Borderless Capital; Outlier Ventures |
| Valuation | undisclosed | undisclosed | undisclosed | undisclosed |
| EV/Revenue | ||||
| EV/EBITDA | ||||
This data is available for Pro users. Sign up to see all Wormhole investments and their VC round multiples. Start Free Trial | ||||
Wormhole Competitors
Wormhole competitors include listed companies like Sharplink and Securitize, and private ones like Immutable Systems, Paxos, 1inch and Story Protocol.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $2.5B | - | ||
| Private | - | - | $2.4B | - | ||
| Private | - | - | $2.3B | - | ||
| Private | - | - | $2.3B | - | ||
| Publicly listed | $28M | ($734M) | $1.8B | 39.9x | ||
| Publicly listed | $62M | ($34M) | $1.5B | 22.2x |
Wormhole Public Comps
Wormhole is still privately-owned, but its public comps include Hyperliquid Strategies, Sharplink, Securitize, OSL Group, HashKey Holdings, BitGo Holdings, Galaxy Digital, Indokripto Koin Semesta, Rhino Bitcoin and Stewards.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $9M | - | 308.0x | 162.2x | - | - | |||
| $28M | ($734M) | 61.9x | 39.9x | (2.4x) | 141.1x | |||
| $62M | ($34M) | 25.5x | 22.2x | (46.0x) | (37910.8x) | |||
| $62M | ($48M) | 16.6x | 11.3x | (21.7x) | (23.2x) | |||
| $92M | ($109M) | 6.4x | - | (5.4x) | - | |||
| $16B | ($9M) | 0.1x | 5.5x | (125.1x) | 125.4x | |||
| $60B | ($177M) | 0.1x | 0.2x | (43.3x) | (182.6x) | |||
| $16M | $7M | 36.9x | - | 81.1x | - | |||
This data is available for Pro users. Sign up to see all Wormhole competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Wormhole
| When was Wormhole founded? | Wormhole was founded in 2007. |
| Where is Wormhole headquartered? | Wormhole is headquartered in United States. |
| Is Wormhole publicly listed? | No, Wormhole is a private, VC-backed company. |
| What is Wormhole's valuation? | Wormhole was last valued at $2.5B in its ico round in November 2023. |
| How much funding has Wormhole raised? | Wormhole has raised $225M across 1 funding round. |
| What was Wormhole's last funding round? | Wormhole's last funding round was a $225M ico round in November 2023. |
| Who are Wormhole's investors? | Wormhole's investors include ParaFi Capital, Brevan Howard Asset Management, Coinbase Ventures, Arrington XRP Capital, Multicoin Capital, Borderless Capital, Jump Crypto and Dialectic. |
| Which companies are comparable to Wormhole? | Companies comparable to Wormhole include Immutable Systems, Paxos, 1inch, Story Protocol, Sharplink and Securitize. |
| How many companies has Wormhole invested in? | Wormhole has invested in 4 companies, including Lucidity, ZOTH, Scholes and Seshat. |
| What was Wormhole's last investment? | In February 2024, Wormhole invested in Lucidity's $200K pre-seed round alongside Borderless Capital and Outlier Ventures. |
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