About Andalusia Labs
Andalusia Labs is a company based in Abu Dhabi (United Arab Emirates) founded in 2021 by Raouf Ben Har and Drew Patel. Andalusia Labs has raised $48 million across 1 funding round from investors including Coinbase, Lightspeed Venture Partners and Digital Currency Group. Andalusia Labs operates in a competitive market with competitors including Chainalysis, Ledger, CertiK, Elliptic and MetaMask, among others.
- Headquarter Abu Dhabi, United Arab Emirates
- Founders Raouf Ben Har, Drew Patel
- Stage Unicorn
- SectorsTechnology
- Email••••••••
- Website andalusia-labs.com
- Social LinkedIn X
- Total Equity Funding$48M (USD)
in 1 rounds
- Latest Funding Round$48M (USD), Series A
Dec 2023
- InvestorsCoinbase
& 9 more
Funding Insights of Andalusia Labs
Andalusia Labs has successfully raised a total of $48M through 1 strategic funding round. The most recent funding activity was a Series A round of $48 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 $48M
- Total Rounds 1
- Last Round Series A — $48M
- First Round $48M
(Dec 2023)
- Investors Count 10
All 1 funding rounds of Andalusia Labs with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec 2023 | $48M | Series A | $1B | Lightspeed Venture Partners |
| Date | Valuation | Stage |
|---|---|---|
| Dec 2023 | $1B | •••••••• |
Last known valuation $1B (Dec 2023). 10 investors in total: 9 institutional and 1 angel.
Investors in Andalusia Labs
Andalusia Labs has secured backing from 10 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Coinbase, Lightspeed Venture Partners and Digital Currency Group.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital investing in innovative companies across global sectors is undertaken by Lightspeed Venture Partners. | 1997 | lsvp.com | Menlo Park, United States | |
Mubadala Capital is engaged in investment management services. | – | mubadalacapital.ae | - | |
Blockchain-focused investment funds and venture capital are provided. | – | panteracapital.com | Menlo Park, United States | |
Blockchain startups are funded by Framework Ventures venture capital. | 2019 | framework.ventures | San Francisco, United States | |
Venture capital fund focused on investing in multiple sectors | – | baincapitalventures.com | Boston, United States | |
Family office | – | nimacap.com | New York, United States | |
Sector-agnostic incubator focused on blockchain startups | 2015 | dcg.co | Stamford, United States | |
Cryptocurrency trading, storage, and exchange services are offered online. | 2012 | coinbase.com | San Francisco, United States | |
Venture investors support former crypto founders building disruptive financial tech startups. | 2020 | proofgroup.xyz | San Francisco, United States | |
NR Naval Ravikant | Angel investor, entrepreneur, founder of AngelList, thought leader in startups | – | unknown_611560d2f0cd4899b | - |
Investor details for Andalusia Labs
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of Andalusia Labs
2 people are tracked at Andalusia Labs (2 in leadership).
| Name | Role | Group |
|---|---|---|
Raouf Ben Har | Co-Founder | Leadership |
Drew Patel | Co-Founder | Leadership |
Complete people profiles for Andalusia Labs
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Timeline of Andalusia Labs
3 dated milestones of Andalusia Labs across 2 years, from founding to its latest funding, stage changes and deals.
- Founded Andalusia Labs is founded.
- Funding First funding round of $48.0M.
- Milestone Reaches Unicorn status.
Competitors of Andalusia Labs
Andalusia Labs 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 Chainalysis, Ledger, CertiK, Elliptic and MetaMask, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| chainalysis.com | 2014 | New York, United States | $538.07M | 388 | Blockchain data platform insights for cryptocurrency are delivered. | |
| ledger.com | 2014 | Paris, France | $575.4M | – | Ledger is recognized for providing secure cryptocurrency hardware wallets. | |
| certik.com | 2017 | New York, United States | $296.15M | – | Online platform for blockchain and smart contract cybersecurity | |
| elliptic.co | 2014 | London, United Kingdom | $104.31M | 80 | Provider of transaction monitoring and fraud prevention solutions for crypto businesses | |
| metamask.io | 2015 | San Francisco, United States | – | – | Browser-based hot wallet for cryptocurrency management and transactions is provided. | |
| lukka.tech | 2014 | Cheshire, United Kingdom | $208.8M | – | Provider of enterprise data management and blockchain analytics solutions for digital assets | |
| merklescience.com | 2018 | Singapore | $25.55M | – | Predictive crypto risk and intelligence platform is offered. | |
| soliduslabs.com | 2017 | New York, United States | $83M | – | Digital asset trade surveillance is enabled through machine learning. | |
| spideroak.com | 2007 | Northbrook, United States | $35.05M | 29 | Enterprise file sharing is enabled through blockchain-based software. |
Detailed competitors of Andalusia Labs
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
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Web traffic of Andalusia Labs
The website of Andalusia Labs (andalusia-labs.com) receives about 1.8K visits a month.
- Monthly visits1.8K
▲ 185.5% vs previous month
Latest news on Andalusia Labs
Complete news archive for Andalusia Labs
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Similar companies to Andalusia Labs
10 companies that operate in the same segment as Andalusia Labs (Blockchain & Decentralized Infrastructure), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Terraform Labs is engaged in blockchain technology development. | 2018 | Singapore, Singapore | USD 57 M | – | – | |
Ledger is recognized for providing secure cryptocurrency hardware wallets. | 2014 | Paris, France | USD 575.4 M | – | – | |
Decentralized exchange platform for cryptocurrency trading is operated. | 2018 | New York, New York, United States | USD 176 M | – | 85 | |
Developer of blockchain and web3 software platform | 2014 | Fort Worth, Texas, United States | USD 725 M | – | – | |
Public blockchain network platform | 2017 | Zug, Zug, Switzerland | USD 542.29 M | – | – | |
Scalable blockchain interoperability protocols are developed for enhanced network security. | 2017 | George Town, Cayman Islands | USD 450.75 M | – | – | |
Blockchain-based PC and mobile games are developed and published. | 2006 | Kowloon, Hong Kong, China | USD 973.19 M | – | – | |
Protocols for blockchain-based solutions are provided by Aptos. | 2021 | Palo Alto, California, United States | USD 350 M | – | – | |
Cloud-based blockchain platform for application development is provided. | 2013 | San Francisco, California, United States | USD 597.81 M | – | – | |
Blockchain-based fantasy sports marketplace is provided for multiple sports. | 2018 | Saint-mande, Val-de-marne, France | USD 738.84 M | – | – |
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Frequently Asked Questions about Andalusia Labs
Andalusia Labs was founded in 2021 and raised its 1st funding round 2 years after it was founded.
Andalusia Labs is headquartered in Abu Dhabi, United Arab Emirates. It is registered at Abu Dhabi, Abu Dhabi, United Arab Emirates.
Andalusia Labs is a funded company, having raised a total of $48M across 1 funding round to date. The company's 1st funding round was a Series A of $48M, raised on Dec 2023.
Andalusia Labs was founded in 2021 and focuses on blockchain and digital asset risk infrastructure. Series A funding of 48 million has been raised, with global headquarters established in Abu Dhabi, United Arab Emirates. Scalable software systems, AI, and fintech expertise are utilized to deliver solutions in the industry. Operations center on technology development for digital assets.
Andalusia Labs has 10 investors. Key investors include Coinbase, Lightspeed Venture Partners, Digital Currency Group, Framework Ventures, and Mubadala Capital.
The valuation of Andalusia Labs is $1B as of Dec 2023.