About Airfox
Airfox is a company based in Boston (United States) founded in 2016 by Sara Choi was acquired by Via Varejo SA in May 2020.. Airfox has raised $1.24 million across 3 funding rounds from investors including Techstars, Via Varejo SA and Project 11 Ventures. Airfox operates in a competitive market with competitors including BlockFi, Salt lending, Milo, Meow and TrueFi, among others.
- Headquarter Boston, United States
- Founders Sara Choi
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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
$1.24 M (USD)
in 3 rounds
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Latest Funding Round
$15 M (USD), Token Sale
Oct 10, 2017
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Investors
Techstars
& 4 more
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Employee Count
Employee Count
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Acquired by
Via Varejo SA
(May 22, 2020)
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Funding Insights of Airfox
Airfox has successfully raised a total of $1.24M across 3 strategic funding rounds. The most recent funding activity was a Token Sale round of $15 million completed in October 2017. 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 — $15.0M
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First Round
First Round
(24 Feb 2016)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2017 | Amount | Token Sale - Airfox | Valuation |
investors |
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| Jul, 2016 | Amount | Seed - Airfox | Valuation | Project 11 Ventures | |
| Feb, 2016 | Amount | Seed - Airfox | 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 Airfox
Airfox has secured backing from 5 investors, including venture fund investors. Prominent investors backing the company include Techstars, Via Varejo SA and Project 11 Ventures. 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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Tech focused pre seed VC firm investing in the US
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Founded Year | Domain | Location | |
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VC firm investing in seed & early stage companies in the US
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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 Airfox
| 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 - Airfox
| 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 |
Airfox Comparisons
Competitors of Airfox
Airfox 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 BlockFi, Salt lending, Milo, Meow and TrueFi, 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 |
Crypto trading, loans, interest accounts, and wallets are offered online.
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| domain | founded_year | HQ Location |
Asset-backed loans using cryptocurrency as collateral are offered online.
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| domain | founded_year | HQ Location |
Standalone veterinary clinic services are provided in New York.
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| domain | founded_year | HQ Location |
High-interest business banking services are provided to companies.
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| domain | founded_year | HQ Location |
A decentralized protocol for cryptocurrency lending and borrowing is operated.
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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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Latest news on Airfox
Frequently Asked Questions about Airfox
When was Airfox founded?
Airfox was founded in 2016.
Where is Airfox located?
Airfox is headquartered in Boston, United States. It is registered at Boston, Massachusetts, United States.
Is Airfox a funded company?
Airfox is a funded company, having raised a total of $1.24M across 3 funding rounds to date. The company's 1st funding round was a Seed of $100K, raised on Feb 24, 2016.
What does Airfox do?
Founded in 2016 in Boston, United States, Airfox operates in the fintech sector with a blockchain-based mobile wallet. Services include mobile balance top-ups, utility bill payments, fund transfers, transportation card recharges, and personal loans granted via credit scores derived from user data analytics. Wallet users can earn AirTokens by viewing video ads, convertible to airtime. The application is accessible on iOS and Android platforms.
Who are the top competitors of Airfox?
Airfox's top competitors include BlockFi, Salt lending and Teller.
Who are Airfox's investors?
Airfox has 5 investors. Key investors include Techstars, Via Varejo SA, Project 11 Ventures, LaunchCapital, and NXT Ventures.