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

Wormhole Overview

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

United States

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

Wormhole valuation by funding round
DateStageValuation
Nov 2023ICO$2.5B

Wormhole Funding History

Wormhole has raised a total of $225M across 1 funding round.

Wormhole funding rounds

Wormhole funding rounds
DateStageInvestorsRaisedValuation
Nov 2023ICOParaFi 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

Investors in Wormhole by funding rounds participated
InvestorHQRoundsRoleFirst check
ParaFi CapitalUnited StatesGreenwich, CT1ParticipantNov 2023
Brevan Howard Asset ManagementUnited KingdomLondon1ParticipantNov 2023
Coinbase VenturesUnited StatesSan Francisco, CA1ParticipantNov 2023
Arrington XRP CapitalUnited StatesSeattle, WA1ParticipantNov 2023
Multicoin CapitalUnited StatesAustin, TX1ParticipantNov 2023
Borderless CapitalUnited StatesAtlanta, GA1ParticipantNov 2023

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Investments 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

Lucidity
ZOTH
Scholes
Seshat
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 CountryCentral African RepublicSingapore-Singapore
HQ City
-
Singapore
-
Singapore
Deal Date14 Feb 202414 Feb 202414 Feb 202414 Feb 2024
RoundPre-seedPre-seedPre-seedPre-seed
Raised$200K$200K$200K$200K
InvestorsBorderless Capital; Outlier VenturesBorderless Capital; Outlier VenturesBorderless Capital; Outlier VenturesBorderless Capital; Outlier Ventures
Valuationundisclosedundisclosedundisclosedundisclosed
EV/Revenue
EV/EBITDA

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Wormhole Competitors

Wormhole competitors include listed companies like Sharplink and Securitize, and private ones like Immutable Systems, Paxos, 1inch and Story Protocol.

Public and private companies comparable to Wormhole
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Immutable SystemsAustraliaSydneyPrivate--$2.5B-
PaxosUnited StatesNew York City, NYPrivate--$2.4B-
1inchUAEUAEPrivate--$2.3B-
Story ProtocolUnited StatesSeattle, WAPrivate--$2.3B-
SharplinkUnited StatesUnited StatesPublicly listed$28M($734M)$1.8B39.9x
SecuritizeUnited StatesUnited StatesPublicly listed$62M($34M)$1.5B22.2x

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 FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Hyperliquid Strategies$9M-308.0x162.2x--
Sharplink$28M($734M)61.9x39.9x(2.4x)141.1x
Securitize$62M($34M)25.5x22.2x(46.0x)(37910.8x)
OSL Group$62M($48M)16.6x11.3x(21.7x)(23.2x)
HashKey Holdings$92M($109M)6.4x-(5.4x)-
BitGo Holdings$16B($9M)0.1x5.5x(125.1x)125.4x
Galaxy Digital$60B($177M)0.1x0.2x(43.3x)(182.6x)
Indokripto Koin Semesta$16M$7M36.9x-81.1x-

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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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