zerohash Valuation, Funding & Investors
zerohash is valued at $1B as of September 2025.
Last zerohash valuation
$1B
Series D · Sep 2025
Last zerohash funding round
$104M
Series D · Sep 2025
Cumulative funding zerohash raised
$275M
across 8 funding rounds
Key investors in zerohash
Nyca Partners
Bain Capital Ventures
Point72 Ventures
CMT Digital
Struck Crypto
Pareto Holdings
About zerohash
zerohash is a New York-headquartered infrastructure provider for crypto on-ramps and stablecoin payments. Its API enables trading, remittances, and tokenization within apps and wallets. zerohash ensures compliance with US regulations for clients like payroll platforms.
Founded
2017
HQ
Chicago, ILWebsite
Status
Privately held
Customer focus
B2B
Revenue model
Usage-based
Valuation
$1B (Sep 2025)
zerohash Valuation
zerohash is currently valued at $1B, based on its Series D in September 2025.
The $104M round was led by Interactive Brokers, with participation from IMC, tastytrade, Sofi, Liberty City Ventures, Apollo Global Management and 6 other investors.
zerohash's valuation has grown 14x from $69M at its Series B in September 2018 to $1B in September 2025, across 3 priced rounds.
zerohash valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Sep 2025 | Series D | $1B |
| Jan 2022 | Series D | $340M |
| Sep 2018 | Series B | $69M |
zerohash Funding History
zerohash has raised a total of $275M across 8 funding rounds.
zerohash's first fundraising round was a $3M seed round in October 2015. The most recent completed round was a $104M Series D in September 2025.
zerohash funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Sep 2025 | Series D | Interactive Brokers (lead); IMC; tastytrade; Sofi; Liberty City Ventures; Apollo Global Management; Nyca Partners; FTMO; Morgan Stanley; Jump Crypto; Peak 6; Northwestern Mutual Future Ventures | $104M | $1B | Zerohash, founded in 2017, is a digital asset and stablecoin infrastructure platform providing regulatory-compliant APIs and developer tools for businesses to integrate crypto trading, cross-border payments, remittances, payroll, and tokenization services. It supports clients across 190 countries, powering solutions for major firms like Stripe, Shift4, DraftKings, Franklin Templeton, BlackRock’s BUIDL Fund, and Interactive Brokers. With around 200 employees in offices in New York, Chicago, North Carolina, and Amsterdam, Zerohash positions itself as the AWS of on-chain infrastructure. On September 23, 2025, Zerohash closed a $104 million Series D-2 funding round led by Interactive Brokers Group, reaching a $1 billion post-money valuation and unicorn status. Participants included new investors Morgan Stanley, Apollo-managed funds, SoFi, Jump Crypto, Northwestern Mutual Future Ventures, FTMO, IMC, Liberty City Ventures, plus existing backers Peak 6, tastytrade, and Nyca Partners. This raise brought total funding to $275 million, following prior rounds like a $105 million Series D in 2021 and $35 million Series C. Funds will accelerate product expansion, team growth, and solidify its role in on-chain innovation amid rising demand for enterprise-grade crypto infrastructure driven by consumer adoption and regulatory clarity in the US and EU. CEO Edward Woodford highlighted the trust from top investors and clients, noting consistent topline growth over the past three years despite crypto winter, though specific revenue figures were not disclosed. The round reflects Wall Street's growing embrace of blockchain, bridging traditional finance and crypto. Interactive Brokers CEO Milan Galik praised Zerohash's regulatory-first approach and scalability, deepening their partnership. The valuation marks a near tripling from a prior $340 million in 2022, signaling market recovery. Later reports in January 2026 mentioned plans for a $250 million raise after declining a Mastercard takeover, with a prior note of $140 million in October 2025, but the September details match the query. |
| Jan 2022 | Series D | Point72 Ventures; Nyca Partners; Bain Capital | $106M | $340M | Zero Hash is a crypto and stablecoin infrastructure platform providing B2B APIs for trading, payments, custody, and tokenization, enabling fintechs, brokerages, and financial institutions to integrate crypto services. It operates as a FinCEN-registered Money Service Business, regulated Money Transmitter in 45 US jurisdictions, and holds a NYDFS virtual currency license, allowing service to over 99% of the US population. The company was voted Innovator of the Year in 2019 by Profit & Loss Readers Choice Awards. Zero Hash monetizes via transaction-based fees with an implied take rate of 0.146% on volume across its service lines, scaling with partner user growth and transaction activity rather than subscriptions. In January 2022, Zero Hash raised $105 million in a Series D round led by Bain Capital Ventures, with participation from Point72 Ventures, Nyca Partners, Interactive Brokers, and undisclosed investors, bringing total funding at the time to around $167 million across multiple rounds. The company's valuation stood at $340 million in 2022 per reports referencing this period. The platform has expanded stablecoin support including PYUSD and RLUSD, positioning for B2B payments, treasury, and potential CBDC use cases amid $35 trillion stablecoin volumes in 2024. Subsequent developments include a $104 million Series D-2 in 2025 reaching $1 billion valuation and unicorn status, with total funding over $275 million, and ranking No. 4 on Deloitte Technology Fast 500 in 2024. |
| Sep 2021 | Series C | Point72 Ventures (lead); Ethan Bloch; Jason Gardner; DriveWealth; Nyca Partners; Immad Akhund; Kalpesh Kapadia | $35M | - | Zero Hash is a digital assets infrastructure company that provides a turnkey platform for fintech firms and financial institutions to embed cryptocurrency trading, custody, staking, DeFi, and NFT capabilities into their applications. Founded in 2015, the company handles both the technical backend complexity and regulatory licensing requirements on behalf of its clients, enabling them to launch crypto products without building these systems in-house. Zero Hash closed a $35 million Series C funding round on September 30, 2021, led by Point72 Ventures, the venture capital firm of billionaire Steven A. Cohen. Co-investors included NYCA Partners, DriveWealth, and prominent fintech angel investors Immad Akhund (Mercury CEO), Kalpesh Kapadia (Deserve CEO), Ethan Bloch (Digit CEO and Founder), and Jason Gardner (Marqeta CEO and Founder). The company rebranded from its former name Seed CX in September 2021. At the time of the Series C announcement, Zero Hash reported having nearly doubled its employee count since the beginning of 2021 and had recently achieved profitability. The company served major clients including neobanks MoneyLion and Wirex as well as broker-dealers tastyworks and TradeStation. According to the company, it powered approximately 4% of all daily on-chain Ethereum transactions flowing through its infrastructure. The raised capital was allocated toward obtaining additional licenses, hiring personnel, expanding its global licensing framework, and developing new products in DeFi and NFT sectors, as well as making strategic acquisitions. The company planned to grow from approximately 50 employees at the time of the announcement to between 80 and 90 employees by year-end 2021. |
| Sep 2020 | Series C | tastylive (lead); TradeStation Technologies; The Small Exchange; CMT Digital; Monday Capital; Bain Capital Ventures; Dough | $5M | - | - |
| Sep 2018 | Series B | Bain Capital Ventures (lead); CMT Digital; Struck Crypto | $15M | $69M | Zerohash completed a $15 million Series B funding round on September 12, 2018, led by Bain Capital Ventures with participation from CMT Digital, Divergence Digital Currency Fund, F2pool, Konsa Capital, Okcoin USA, Queueco, Tetras Capital, and Xms Capital. The round valued the company at $68.51 million post-money. Founded in 2017, Zerohash provides backend infrastructure enabling banks, brokerages, and fintech companies to offer cryptocurrencies, NFTs, and other digital assets to their customers through APIs and compliance-ready solutions. At the time of this Series B round, the company was still in early stages, having begun operations the previous year. The company would go on to raise subsequent funding rounds including a Series C in 2020 and a $105 million Series D in early 2022, eventually reaching unicorn status with a $1 billion valuation in its Series D-2 round in September 2025 led by Interactive Brokers. |
| Jul 2018 | Series A | Struck Crypto (lead) | $6M | - | - |
| Sep 2016 | Seed | - | $700K | - | - |
| Oct 2015 | Seed | Struck Capital (lead); Brooklyn Bridge Ventures; Edward Lando; Pareto Holdings; Tom Sosnoff; 500 Global; iAngels | $3M | - | - |
Who has invested in zerohash?
34 investors have backed zerohash across its funding rounds, including Nyca Partners, Bain Capital Ventures, Point72 Ventures, CMT Digital, Struck Crypto and Pareto Holdings.
Lead investors include Interactive Brokers, Point72 Ventures, tastylive, Bain Capital Ventures, Struck Crypto and 1 other investor.
zerohash Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| New York City, NY | 3 | Participant | Sep 2021 | |
| New York City, NY | 2 | Lead | Sep 2021 | |
| Chicago, IL | 2 | Participant | Sep 2018 | |
| San Francisco, CA | 2 | Lead | Sep 2018 | |
| Los Angeles, CA | 2 | Lead | Jul 2018 | |
 Chennai | 1 | Participant | Sep 2025 | |
| New York City, NY | 1 | Participant | Oct 2015 | |
| Miami, FL | 1 | Participant | Oct 2015 | |
| Chicago, IL | 1 | Participant | Sep 2025 | |
![](data:image/svg+xml,<svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 20 20"><rect fill="%23e5e7eb" width="20" height="20" rx="4"/></svg>){kind=small} Ethan Bloch | San Francisco, CA | 1 | Participant | Sep 2021 |
| Jason Gardner | San Francisco, CA | 1 | Participant | Sep 2021 |
 São Paulo | 1 | Participant | Sep 2025 | |
| New York City, NY | 1 | Participant | Oct 2015 | |
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free Trialzerohash Competitors
zerohash competitors include listed companies like Circle and Jiangsu Tongxingbao, and private ones like Mesh, Opn, Andalusia Labs and Axelar Network.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| San Francisco, CA | Private | - | - | $1B | - | |
 Tokyo | Private | - | - | $1B | - | |
| United States | Publicly listed | $2.7B | ($73M) | $22B | 6.8x | |
 Abu Dhabi | Private | - | - | $1B | - | |
 Waterloo | Private | - | - | $1B | - | |
 China | Publicly listed | $159M | $47M | $949M | - |
zerohash Public Comps
zerohash is still privately-owned, but its public comps include Jiangsu Tongxingbao, Optasia, Worldline, HashKey Holdings, Cuscal, Isracard, BitGo Holdings, OSL Group, Fawry and Indokripto Koin Semesta.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $159M | $47M | 2.7x | - | 9.2x | - | |||
| $265M | $79M | 4.3x | 3.6x | 14.5x | 9.1x | |||
| $4.6B | ($5.2B) | 0.6x | 0.7x | (0.6x) | 3.8x | |||
| $92M | ($109M) | 6.4x | - | (5.4x) | - | |||
| $297M | $22M | 5.1x | 5.8x | 67.8x | 24.6x | |||
| $1.2B | $48M | 1.9x | - | 49.8x | - | |||
| $16B | ($9M) | 0.1x | 5.5x | (125.1x) | 125.4x | |||
| $62M | ($48M) | 16.6x | 11.3x | (21.7x) | (23.2x) | |||
This data is available for Pro users. Sign up to see all zerohash competitors and their valuation data. Start Free Trial | ||||||||
Common questions about zerohash
| When was zerohash founded? | zerohash was founded in 2017. |
| Where is zerohash headquartered? | zerohash is headquartered in Chicago, IL, United States. |
| Is zerohash publicly listed? | No, zerohash is a private, VC-backed company. |
| What is zerohash's valuation? | zerohash was last valued at $1B in its Series D in September 2025. |
| How much funding has zerohash raised? | zerohash has raised $275M across 8 funding rounds. |
| What was zerohash's last funding round? | zerohash's last funding round was a $104M Series D in September 2025, led by Interactive Brokers. |
| Who are zerohash's investors? | zerohash's investors include Nyca Partners, Point72 Ventures, CMT Digital, Bain Capital Ventures, Struck Crypto, IMC, Brooklyn Bridge Ventures, Edward Lando, tastytrade, Ethan Bloch and 24 others. |
| Which companies are comparable to zerohash? | Companies comparable to zerohash include Mesh, Opn, Circle, Andalusia Labs, Axelar Network and Jiangsu Tongxingbao. |
See companies similar to zerohash
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