Zebec Revenue, Valuation, Funding & Investors

Zebec is valued at $1B as of August 2022, a 50.0x multiple on its last reported $20M revenue.

See full Zebec profile

Last Zebec valuation

$1B

Undisclosed stage · Aug 2022

Last Zebec funding round

$9M

Undisclosed stage · Aug 2022

Zebec revenue

$20M

Undisclosed stage · Aug 2022

Key investors in Zebec

  • Resolute Ventures
  • Shima Capital
  • Hack VC
  • IVC
  • Breyer Capital
  • Solana Ventures

Zebec Overview

About Zebec

Zebec is a protocol on the Solana blockchain enabling continuous value streaming for payroll subscriptions and microtransactions. Its Stream Payroll product facilitates real-time salary payments in USDC to over 500 enterprises worldwide. Integrated with wallets like Phantom Zebec processes billions in streamed volume annually.


Founded

2021

HQ

United StatesSan Francisco, CA

Website

zebec.io

Status

Privately held

Customer focus

B2B

Revenue model

Subscription

Revenue

$20M (Aug 2022)

Valuation

$1B (Aug 2022)

Zebec Valuation

Zebec is currently valued at $1B, based on its undisclosed-stage round in August 2022.

The $9M round included Shima Capital, Circle Ventures, Resolute Ventures and Unicode Digital.

Zebec's valuation has grown 6.7x from $150M at its Series A in February 2022 to $1B in August 2022, across 2 priced rounds.

Zebec valuation by funding round

Revenue multiple
Zebec valuation by funding round
DateStageValuationRevenue Multiple
Aug 2022Undisclosed stage$1B50.0x
Feb 2022Series A$150M1.5x

Zebec Revenue

Zebec's latest recorded revenue is $20M, as of its undisclosed-stage round in August 2022. At a $1B valuation, that implies a 50.0x revenue multiple.

Revenue moved from $100M in February 2022 to $20M in August 2022, while the revenue multiple moved from 1.5x to 50.0x.

Zebec revenue by funding round

Zebec revenue and valuation multiple by funding round
DateRevenue *ValuationRevenue MultipleStage
Aug 2022$20M$1B50.0xUndisclosed stage
Feb 2022$100M$150M1.5xSeries A

* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.

Zebec Funding History

Zebec has raised a total of $43M across 3 funding rounds.

Zebec's first fundraising round was a $6M seed round in November 2021. The most recent completed round was a $9M undisclosed-stage round in August 2022.

Zebec funding rounds

Zebec funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Aug 2022Undisclosed stageShima Capital; Circle Ventures; Resolute Ventures; Unicode Digital$9M$1BZebec is a programmable cash flow protocol on the Solana network enabling real-time money streaming, payroll in stablecoins like USDC, and continuous payments. It transforms payroll, token vesting, and subscriptions through DeFi technology. The protocol raised $8.5 million on August 27, 2022, from Circle Ventures, Resolute Ventures, Shima Capital, and Unicode Digital at a fully diluted valuation of $1 billion. Zebec's revenue was forecasted to reach $20 million by the end of 2022 with a $6 million net profit. At the time, its TVL exceeded $300 million, positioning it as the largest streaming payment platform in the Solana ecosystem. The company planned custom debit cards with Visa and aimed for 2 million users by 2024. Previously, Zebec raised $28 million through token sales and a $15 million venture round, backed by Solana, Coinbase Ventures, Lightspeed, and others. Partnerships like Visa's Fintech Fast Track contributed to its growth.
Feb 2022Series ADistributed Global (lead); Solana Ventures (lead)$28M$150MZebec Protocol is a continuous and programmable cash stream protocol built on Solana, enabling real-time streaming payments for payroll, investments, subscriptions, and other financial transactions. It powers products like Zebec Pay, a tax-compliant on-chain payroll processor using stablecoins such as USDC for instant settlements. The protocol supports over 250 projects shortly after launch and aims to scale DeFi payment solutions, partnerships in NFTs, yields, options, and launch fiat-to-crypto debit cards. On February 22-23, 2022, Zebec raised $15 million in a Series A round led by Distributed Global and Solana Ventures, with participation from Lightspeed Venture Partners, Circle, Coinbase Ventures, Alameda Research, OKX Ventures, DST Global Partners, Global Founders Capital, BECO Capital, Greenoaks, GoldenTree Asset Management, 500 Startups, and others. Sources confirm the amount raised as $15M, though some aggregate it within broader $28M private rounds. Funds are allocated to scale the DeFi payment solution and expand protocol capabilities. Zebec has since rebranded to Zebec Network and launched its ZBCN token.
Nov 2021SeedBreyer Capital (lead); Republic capital (lead); Shima Capital (lead); Liberty City Ventures; Finality Capital Partners; Cadenza Ventures; IVC; Joe McCann; Resolute Ventures; Launchpad Capital; Backend Capital; Hack VC$6M-Zebec is a Solana-based payment processor enabling continuous real-time settlements for investments, payments, and subscriptions, including Zebec Pay for tax-compliant on-chain payroll in USDC or stablecoins. The company launched in November 2021 and had raised $21 million total by early 2023, with over 250 projects built on the protocol. Zebec reached unicorn status ($1 billion valuation) in August 2022, roughly nine months after founding.

Who has invested in Zebec?

16 investors have backed Zebec across its funding rounds, including Resolute Ventures, Shima Capital, Hack VC, IVC, Breyer Capital and Solana Ventures.

Lead investors include Distributed Global, Solana Ventures, Breyer Capital, Republic capital and Shima Capital.


Zebec Investors

Investors in Zebec by funding rounds participated
InvestorHQRoundsRoleFirst check
Shima CapitalUnited StatesUnited States2LeadNov 2021
Resolute VenturesUnited StatesSan Francisco, CA2ParticipantNov 2021
Breyer CapitalUnited StatesSan Francisco, CA1LeadNov 2021
Distributed GlobalUnited StatesLos Angeles, CA1LeadFeb 2022
Solana VenturesUnited StatesNew York City, NY1LeadFeb 2022
Liberty City VenturesUnited StatesNew York City, NY1ParticipantNov 2021
Finality Capital PartnersUnited StatesLos Angeles, CA1ParticipantNov 2021
Cadenza VenturesUnited StatesSan Francisco, CA1ParticipantNov 2021
Circle VenturesUnited StatesUnited States1ParticipantAug 2022
IVCTaiwanTaipei1ParticipantNov 2021
Joe McCannUnited StatesPortland, OR1ParticipantNov 2021
Republic capitalUnited StatesNew York City, NY1LeadNov 2021
Unicode DigitalHong KongHong Kong1ParticipantAug 2022

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Acquisitions by Zebec

Zebec has acquired 2 companies to date.

Last acquisition by Zebec was on June 5th 2025. Zebec acquired Gatenox for undisclosed valuation.


Latest Acquisitions by Zebec

Gatenox
Science Card
Description
Gatenox is a Zug, Switzerland-headquartered regtech platform blending blockchain and traditional systems for Web3 compliance. The company enables near real-time KYC, KYB, AML screening, and transaction monitoring for financial institutions, crypto exchanges, and enterprises. Serving regulated entities worldwide, Gatenox verifies identities against global watchlists and sanctions databases through automated, API-driven workflows.
Science Card is a debit card platform collaborating with over 150 scientists to fund longevity and health research. Based in Tel Aviv, it directs transaction fees toward projects extending human lifespan and improving quality of life.
HQ CountryUnited KingdomUnited Kingdom
HQ City
London
London
Deal Date5 Jun 202529 May 2025
Valuationundisclosedundisclosed
EV/Revenue
EV/EBITDA

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Investments by Zebec

Zebec has invested in 1 company to date.

Latest investment by Zebec was on March 31st 2023. Zebec invested in PoseiSwap in their $2M Pre-seed round.


Latest Investments by Zebec

PoseiSwap
Description
-
HQ Country-
HQ City
-
Deal Date31 Mar 2023
RoundPre-seed
Raised$2M
InvestorsNotifi
Valuation$10M
EV/Revenue
EV/EBITDA

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Zebec Competitors

Zebec competitors include listed companies like Bravura Solutions and Vitec Software, and private ones like Celo, Augustus, Earnix and Open Financial Technologies.

Public and private companies comparable to Zebec
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
CeloUnited StatesUnited StatesPrivate--$750M-
AugustusUnited StatesSan Francisco, CAPrivate--$1B-
EarnixIsraelGivatayimPrivate--$1B-
Open Financial TechnologiesIndiaBangalorePrivate--$1B-
Bravura SolutionsAustraliaAustraliaPublicly listed$201M$55M$1B4.9x
Vitec SoftwareSwedenSwedenPublicly listed$371M$151M$1B3.5x
Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Bravura Solutions$201M$55M4.9x4.9x17.9x17.0x
Vitec Software$371M$151M3.7x3.5x9.1x9.0x
Intellect Design Arena Ltd$317M$64M2.8x2.6x13.8x12.7x
Optasia$265M$79M4.3x3.6x14.5x9.1x
HashKey Holdings$92M($109M)6.4x-(5.4x)-
Shenzhen Sunline$292M$14M3.7x3.1x76.1x38.5x
PEXA Group$285M$100M3.4x3.4x9.8x9.3x
Donnelley Financial Solutions$767M$122M1.8x1.8x11.2x5.6x

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Common questions about Zebec

When was Zebec founded?Zebec was founded in 2021.
Where is Zebec headquartered?Zebec is headquartered in San Francisco, CA, United States.
Is Zebec publicly listed?No, Zebec is a private, VC-backed company.
What is Zebec's valuation?Zebec was last valued at $1B in its undisclosed-stage round in August 2022.
How much funding has Zebec raised?Zebec has raised $43M across 3 funding rounds.
What was Zebec's last funding round?Zebec's last funding round was a $9M undisclosed-stage round in August 2022.
Who are Zebec's investors?Zebec's investors include Shima Capital, Resolute Ventures, Breyer Capital, Distributed Global, Solana Ventures, Liberty City Ventures, Finality Capital Partners, Cadenza Ventures, Circle Ventures, IVC and 6 others.
What is Zebec's revenue?Zebec's latest recorded revenue is $20M (August 2022).
What is Zebec's revenue multiple?Zebec's latest valuation implies a 50.0x revenue multiple ($1B valuation on $20M of revenue).
Which companies are comparable to Zebec?Companies comparable to Zebec include Celo, Augustus, Earnix, Open Financial Technologies, Bravura Solutions and Vitec Software.
How many companies has Zebec acquired?Zebec has acquired 2 companies, including Gatenox and Science Card.
How many companies has Zebec invested in?Zebec has invested in 1 company, including PoseiSwap.
What was Zebec's last investment?In March 2023, Zebec invested in PoseiSwap's $2M pre-seed round alongside Notifi.

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