About 5ire
5ire is a company based in Dubai (United Arab Emirates) founded in 2021 by Vilma Mattila, Pratik Gauri, and Prateek Dwivedi.. 5ire has raised $121 million across 3 funding rounds from investors including SRAM & MRAM Group, Global Emerging Markets and Diamond Hands. 5ire operates in a competitive market with competitors including Solana, Ankr, Mysten Labs, O(1) Labs and Symbiont, among others.
- Headquarter Dubai, United Arab Emirates
- Founders Vilma Mattila, Pratik Gauri, Prateek Dwivedi
- Stage Unicorn
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Sectors
Technology
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Email
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Phone
*********
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Website
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Social
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- Legal Name 5Irechain Techno Private Limited
- Jurisdiction Noida, Uttar Pradesh, India
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Annual Revenue
$228.45 (USD)0as on Mar 31, 2023
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Net Profit
$-94.1 (USD)71.8as on Mar 31, 2023
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EBITDA
$-322.54 (USD)3.32as on Mar 31, 2023
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Total Equity Funding
$121 M (USD)
in 3 rounds
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Latest Funding Round
$874 K (USD), Token Sale
Dec 04, 2023
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Investors
SRAM & MRAM Group
& 6 more
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Employee Count
Employee Count
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Funding Insights of 5ire
5ire has successfully raised a total of $121M across 3 strategic funding rounds. The most recent funding activity was a Token Sale round of $874 thousand completed in December 2023. 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 3
- Last Round Token Sale — $874,000
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First Round
First Round
(28 Oct 2021)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Dec, 2023 | Amount | Token Sale - 5ire | Valuation |
investors |
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| Feb, 2022 | Amount | Series A - 5ire | Valuation |
investors |
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| Oct, 2021 | Amount | Seed - 5ire | Valuation |
investors |
| 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 5ire
5ire has secured backing from 7 investors, including institutional and venture fund investors. Prominent investors backing the company include SRAM & MRAM Group, Global Emerging Markets and Diamond Hands. 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 by this private equity firm.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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Investments in tech startups are made by Moonrock Capital.
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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 5ire
| 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 - 5ire
| 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 |
5Ire Comparisons
Competitors of 5ire
5ire 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 Solana, Ankr, Mysten Labs, O(1) Labs and Symbiont, 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 |
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| domain | founded_year | HQ Location |
Blockchain infrastructure for transactions and counting is provided by Solana.
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| domain | founded_year | HQ Location |
Web3-native infrastructure for blockchain development and decentralization is provided.
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| domain | founded_year | HQ Location |
Web3 infrastructure solutions are offered via a blockchain platform.
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| domain | founded_year | HQ Location |
Provider of a blockchain network
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| domain | founded_year | HQ Location |
Smart contract platform
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| domain | founded_year | HQ Location |
Blockchain infrastructure is offered for financial application development.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 5ire
When was 5ire founded?
5ire was founded in 2021.
Where is 5ire located?
5ire is headquartered in Dubai, United Arab Emirates. It is registered at Dubai, Dubai, United Arab Emirates.
Who is the current CEO of 5ire?
Pratik Gauri is the current CEO of 5ire. They have also founded this company.
Is 5ire a funded company?
5ire is a funded company, having raised a total of $121M across 3 funding rounds to date. The company's 1st funding round was a Seed of $21M, raised on Oct 28, 2021.
What is the annual revenue of 5ire?
Annual revenue of 5ire is $228.45 as on Mar 31, 2023.
What does 5ire do?
Founded in 2021 and based in Dubai, United Arab Emirates, 5ire operates in the blockchain sector. A network platform is offered, featuring transactional scalability, on-chain governance, democratic processes, and upgradeability. Users are enabled to develop applications, build solutions, and conduct transactions on the platform. Leadership includes co-founders Vilma Mattila, Pratik Gauri as CEO, and Prateek Dwivedi.
Who are the top competitors of 5ire?
5ire's top competitors include Mysten Labs, Solana and O(1) Labs.
Who are 5ire's investors?
5ire has 7 investors. Key investors include SRAM & MRAM Group, Global Emerging Markets, Diamond Hands, Sanctum Global Ventures, and Moonrock Capital.
What is 5ire's valuation?
The valuation of 5ire is $1.5B as of Feb 2022.
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