About ALEX
ALEX is a company based in Hong Kong (China) founded in 2021 by Rachel Yu.. ALEX has raised $18.3 million across 3 funding rounds from investors including OKX, Spartan Partners and Trust Machines. ALEX operates in a competitive market with competitors including Consensys, Luno, Uphold, Coins.ph and BlockFi, among others.
- Headquarter Hong Kong, China
- Founders Rachel Yu
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Sectors
TechnologyFinancial Services
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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
$18.3 M (USD)
in 3 rounds
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Latest Funding Round
$10 M (USD), Series A
Dec 20, 2023
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Investors
OKX
& 16 more
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Employee Count
Employee Count
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Leadership Team
1 people
Software Development Team
1 people
BD Team
1 people
Sales and Marketing
1 people
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Funding Insights of ALEX
ALEX has successfully raised a total of $18.3M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $10 million 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 Series A — $10.0M
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First Round
First Round
(15 Nov 2021)
- Investors Count 17
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2023 | Amount | Series A - ALEX | Valuation | LK Ventures , Spartan Partners | |
| Mar, 2023 | Amount | Series A - ALEX | Valuation | Trust Machines , Gossamer Capital |
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| Nov, 2021 | Amount | Series A - ALEX | Valuation | White Star Capital |
| 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 ALEX
ALEX has secured backing from 17 investors, including institutional and venture fund investors. Prominent investors backing the company include OKX, Spartan Partners and Trust Machines. 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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Professionally managed digital asset investment funds are provided to investors.
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Founded Year | Domain | Location | |
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Venture capital firm investing in web3 technology startups
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Founded Year | Domain | Location | |
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Blockchain sector focus is maintained by venture capital-backed accelerator.
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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 ALEX
| 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 - ALEX
| 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 |
Alex Comparisons
Competitors of ALEX
ALEX 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 Consensys, Luno, Uphold, Coins.ph and BlockFi, 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 |
Developer of blockchain and web3 software platform
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| domain | founded_year | HQ Location |
Mobile app for storing and trading cryptocurrencies is utilized.
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| domain | founded_year | HQ Location |
App-based wallet and exchange platform for cross-border money transfers
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| domain | founded_year | HQ Location |
Digital wallet for Bitcoin assets
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| domain | founded_year | HQ Location |
Crypto trading, loans, interest accounts, and wallets are offered online.
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| domain | founded_year | HQ Location |
App-based trading and deposit solutions for cryptocurrency are provided.
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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 Alex
Frequently Asked Questions about ALEX
When was ALEX founded?
ALEX was founded in 2021.
Where is ALEX located?
ALEX is headquartered in Hong Kong, China.
Is ALEX a funded company?
ALEX is a funded company, having raised a total of $18.3M across 3 funding rounds to date. The company's 1st funding round was a Series A of $5.8M, raised on Nov 15, 2021.
What does ALEX do?
Founded in 2021 and based in Hong Kong, China, the company operates in the blockchain sector focused on financial services. Token launches, trading, yield farming, staking, lending and borrowing of Bitcoin, crypto investments, and liquidity solutions are enabled through its platform. Infrastructure supports various financial operations within the cryptocurrency ecosystem.
Who are ALEX's investors?
ALEX has 17 investors. Key investors include OKX, Spartan Partners, Trust Machines, LK Ventures, and CMS Holdings.