About 1st Digital
1st Digital is a company based in Hong Kong (China) founded in 2001 was acquired by Fireblocks in February 2022.. 1st Digital has raised $28.15 million across 4 funding rounds from investors including Fireblocks, Kenetic Capital and Nogle. 1st Digital operates in a competitive market with competitors including Cobo, Unchained Capital, Metaco, Hex Trust and Finoa, among others.
- Headquarter Hong Kong, China
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$28.15 M (USD)
in 4 rounds
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Latest Funding Round
$20 M (USD), Series A
May 30, 2022
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Investors
Fireblocks
& 3 more
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Employee Count
Employee Count
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Acquired by
Fireblocks
(Feb 17, 2022)
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Funding Insights of 1st Digital
1st Digital has successfully raised a total of $28.15M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $20 million completed in May 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series A — $20.0M
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First Round
First Round
(09 Mar 2020)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2022 | Amount | Series A - 1st Digital | Valuation |
investors |
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| Apr, 2021 | Amount | Seed - 1st Digital | Valuation | Nogle |
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| Oct, 2020 | Amount | Seed - 1st Digital | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in 1st Digital
1st Digital has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include Fireblocks, Kenetic Capital and Nogle. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Multiple sectors are invested in via a funds-of-funds approach.
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Founded Year | Domain | Location | |
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Nogle is recognized as a fintech powerhouse offering digital financial services.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by 1st Digital
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - 1st Digital
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
1St Digital Comparisons
Competitors of 1st Digital
1st Digital operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Cobo, Unchained Capital, Metaco, Hex Trust and Finoa, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Digital asset custody and wallet infrastructure solutions are provided by Cobo.
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| domain | founded_year | HQ Location |
Cryptocurrency custody solutions with multi-signature storage are provided.
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| domain | founded_year | HQ Location |
Cryptocurrency custody solutions are provided for banks.
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| domain | founded_year | HQ Location |
Custodian service for digital assets
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| domain | founded_year | HQ Location |
Custodian solutions for cryptocurrencies and digital assets are offered.
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| domain | founded_year | HQ Location |
Blockchain infrastructure and application development services
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about 1st Digital
When was 1st Digital founded?
1st Digital was founded in 2001 and raised its 1st funding round 19 years after it was founded.
Where is 1st Digital located?
1st Digital is headquartered in Hong Kong, China.
Is 1st Digital a funded company?
1st Digital is a funded company, having raised a total of $28.15M across 4 funding rounds to date. The company's 1st funding round was a Seed of $3M, raised on Mar 09, 2020.
What does 1st Digital do?
First Digital provides custodian solutions for cryptocurrencies. It offers an asset tokenization platform offering B2B2C open finance solutions. It features tools for settling, clearing reconciling assets, maintaining a record of ownership, valuation custody of commodities, real estate securities, funds processing, asset servicing solutions. Also, provides open finance APIs and settlement network for token issuers, service providers, individuals, and financial institutions.
Who are the top competitors of 1st Digital?
1st Digital's top competitors include Hex Trust, Cobo and Unchained Capital.
Who are 1st Digital's investors?
1st Digital has 4 investors. Key investors include Fireblocks, Kenetic Capital, Nogle, and Nogle Capital Management.
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