About Bakkt
Bakkt is a company based in Alpharetta (United States) founded in 2018 by Jeff Sprecher.. Bakkt has raised $482.5 million across 2 funding rounds from investors including PayU, Galaxy and BCG. The company has 559 employees as of December 31, 2024. Bakkt has completed 4 acquisitions, including Apex Crypto, Bridge2Solutions and Digital Asset Custody. Bakkt offers products and services including BakktX Brokerage, Custody, and Onramp Solutions. Bakkt operates in a competitive market with competitors including Consensys, Luno, Uphold, Coins.ph and BlockFi, among others.
- Headquarter Alpharetta, United States
- Employees 559 as on 31 Dec, 2024
- Founders Jeff Sprecher
- Stage Public
-
Sectors
Financial Services
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Bakkt Holdings, Inc.
-
Annual Revenue
$3.49 B347.39as on Dec 31, 2024
-
Net Profit
$-46.66 M37.67as on Dec 31, 2024
-
EBITDA
$-83.36 M27.06as on Dec 31, 2024
-
Total Equity Funding
$482.5 M (USD)
in 2 rounds
-
Latest Funding Round
$300 M (USD), Series B
Feb 28, 2020
-
Investors
PayU
& 11 more
-
Employee Count
559
as on Dec 31, 2024
-
Investments & Acquisitions
Apex Crypto
& 3 more
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
IPO & Listings of Bakkt
Bakkt is a publicly listed company on the NYSE with ticker symbol BKKT in USA, operating in the Commercial services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Bakkt
Bakkt offers a comprehensive portfolio of products and services, including BakktX Brokerage, Custody, and Onramp Solutions. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
U.S.-regulated platform for crypto trading and liquidity
Secure institutional-grade storage for digital assets
Services for seamless fiat-to-crypto conversions
Unlock access to complete
Unlock access to complete
Software Development Team
17 people
Leadership Team
12 people
Legal and Compliance
7 people
Operations Team
6 people
Product Management Team
5 people
Finance and Accounting
5 people
Customer Team
4 people
Board Team
2 people
Unlock access to complete
Funding Insights of Bakkt
Bakkt has successfully raised a total of $482.5M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $300 million completed in February 2020. 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 Series B — $300.0M
-
First Round
First Round
(19 Dec 2018)
- Investors Count 12
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2020 | Amount | Series B - Bakkt | Valuation | M12 , BCG |
|
| Dec, 2018 | Amount | Series A - Bakkt | Valuation | Horizons Ventures , Pantera Capital |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Bakkt
Bakkt has secured backing from 12 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include PayU, Galaxy and BCG. 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 |
|---|---|---|---|---|
|
Venture capital investments in technology startups are facilitated by M12.
|
Founded Year | Domain | Location | |
|
Early-stage blockchain technology companies are invested in by the firm.
|
Founded Year | Domain | Location | |
|
Blockchain-focused investment funds and venture capital are provided.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Bakkt
Bakkt has strategically engaged in corporate development activities, having acquired 4 companies. Notable acquisitions include Apex Crypto, Bridge2Solutions and Digital Asset Custody. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Crypto asset custody services are offered to institutional clients.
|
2017 | ||||
|
Brokerage services for trading and storing digital assets are offered.
|
2014 | ||||
|
Marketing and fulfillment solutions
|
2006 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
OVO is recognized as a smart digital payment application.
|
2017 | ||||
|
Bionic investment advisor platform
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - Bakkt
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Bakkt Comparisons
Competitors of Bakkt
Bakkt 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
|
|
| domain | founded_year | HQ Location |
Mobile app for storing and trading cryptocurrencies is utilized.
|
|
| domain | founded_year | HQ Location |
App-based wallet and exchange platform for cross-border money transfers
|
|
| domain | founded_year | HQ Location |
Digital wallet for Bitcoin assets
|
|
| domain | founded_year | HQ Location |
Crypto trading, loans, interest accounts, and wallets are offered online.
|
|
| domain | founded_year | HQ Location |
App-based trading and deposit solutions for cryptocurrency are provided.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Bakkt
Frequently Asked Questions about Bakkt
When was Bakkt founded?
Bakkt was founded in 2018.
Where is Bakkt located?
Bakkt is headquartered in Alpharetta, United States. It is registered at Alpharetta, Georgia, United States.
Who is the current CEO of Bakkt?
Andy Main is the current CEO of Bakkt.
Is Bakkt a funded company?
Bakkt is a funded company, having raised a total of $482.5M across 2 funding rounds to date. The company's 1st funding round was a Series A of $182.5M, raised on Dec 19, 2018.
How many employees does Bakkt have?
As of Dec 31, 2024, the latest employee count at Bakkt is 559.
What is the annual revenue of Bakkt?
Annual revenue of Bakkt is $3.49B as on Dec 31, 2024.
What does Bakkt do?
Bakkt was established in 2018 in Alpharetta, United States, within the cryptocurrency and fintech sector. Mobile app-based services are delivered for trading and payments, targeting businesses, institutions, and individuals. Digital asset management is facilitated through wallets, alongside trading, gift cards, money transfers, and withdrawals. Fraud protection tools are supplied to merchants. Availability is ensured on Android and iOS platforms.
What products or services does Bakkt offer?
Bakkt offers BakktX Brokerage, Custody, and Onramp Solutions.
Is Bakkt publicly traded?
Yes, Bakkt is publicly traded on NYSE under the ticker symbol BKKT.
How many acquisitions has Bakkt made?
Bakkt has made 4 acquisitions, including Apex Crypto, Bridge2Solutions, and Digital Asset Custody.
Who are Bakkt's investors?
Bakkt has 12 investors. Key investors include PayU, Galaxy, BCG, Protocol Ventures, and M12.
What is Bakkt's ticker symbol?
The ticker symbol of Bakkt is BKKT on NYSE.