About Acala Network
Acala Network is a company based in Auckland (New Zealand) founded in 2019 by Ruitao Su, Fuyao Jiang, and Bette Chen.. Acala Network has raised $650 thousand across 2 funding rounds from investors including KR1 plc. The company has 2 employees as of December 31, 2022. Acala Network operates in a competitive market with competitors including TrustToken, Circle, Celo, MakerDAO and Origin Protocol, among others.
- Headquarter Auckland, New Zealand
- Employees 2 as on 31 Dec, 2022
- Founders Ruitao Su, Fuyao Jiang, Bette Chen
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Sectors
TechnologyFinancial 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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- Legal Name A.F.M. Limited
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$650 K (USD)
in 2 rounds
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Latest Funding Round
$400 M (USD), Debt – Conventional
Nov 09, 2021
- Investors
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Employee Count
2
as on Dec 31, 2022
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Co Team
1 people
Product Management Team
1 people
Open Team
1 people
Creative and Marketing Team
1 people
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Funding Insights of Acala Network
Acala Network has successfully raised a total of $650K across 2 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $400 million completed in November 2021. 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 2
- Last Round Debt – Conventional — $400.0M
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First Round
First Round
(27 Mar 2020)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2021 | Amount | Debt – Conventional - Acala Network | Valuation |
investors |
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| Mar, 2020 | Amount | Seed - Acala Network | Valuation | KR1 |
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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 Acala Network
Acala Network has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include KR1 plc. 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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KR1 plc is focused on digital asset investments and decentralized technologies.
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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 Acala Network
| 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 - Acala Network
| 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 |
Acala Network Comparisons
Competitors of Acala Network
Acala Network 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 TrustToken, Circle, Celo, MakerDAO and Origin Protocol, 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 |
Physical assets are tokenized on a decentralized platform for liquidity.
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| domain | founded_year | HQ Location |
Cross-border cryptocurrency payments for businesses are enabled through APIs.
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| domain | founded_year | HQ Location |
Blockchain-based stablecoins are utilized for social payments and transfers.
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| domain | founded_year | HQ Location |
A collateral-backed stablecoin is issued on the Ethereum blockchain.
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| domain | founded_year | HQ Location |
A blockchain platform is provided for building decentralized marketplaces.
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| domain | founded_year | HQ Location |
A stablecoin and decentralized payment protocol are provided by Reserve.
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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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Latest news on Acala Network
Frequently Asked Questions about Acala Network
When was Acala Network founded?
Acala Network was founded in 2019 and raised its 1st funding round 1 year after it was founded.
Where is Acala Network located?
Acala Network is headquartered in Auckland, New Zealand.
Is Acala Network a funded company?
Acala Network is a funded company, having raised a total of $650K across 2 funding rounds to date. The company's 1st funding round was a Seed of $650K, raised on Mar 27, 2020.
How many employees does Acala Network have?
As of Dec 31, 2022, the latest employee count at Acala Network is 2.
What does Acala Network do?
Acala Network was founded in 2019 in Auckland, New Zealand, and functions as a blockchain platform in the decentralized finance sector. Operations center on the Polkadot ecosystem, where cross-chain currency transfers are enabled between connected blockchains. Services include trading mechanisms, lending options, and tools for managing loans. A multi-collateralized stablecoin, backed by assets from various chains, is supported in a decentralized manner.
Who are the top competitors of Acala Network?
Acala Network's top competitors include Circle, Celo and TrustToken.
Who are Acala Network's investors?
Acala Network has 1 investor. Key investors include KR1 plc.
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