About Ballet
Ballet is a company based in Las Vegas (United States) founded in 2019.. Ballet has raised $13 million across 1 funding round from investors including Lightspeed Venture Partners, Digital Currency Group and Ribbit Capital. Ballet offers products and services including Ballet Cold Storage Card and Ballet Crypto App. Ballet operates in a competitive market with competitors including Ledger, Tangem, Coolwallet, Shift Cryptosecurity and TREZOR, among others.
- Headquarter Las Vegas, United States
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Ballet Global Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$13 M (USD)
in 1 rounds
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Latest Funding Round
$13 M (USD), Series A
Jun 09, 2022
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Investors
Lightspeed Venture Partners
& 5 more
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Employee Count
Employee Count
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Products & Services of Ballet
Ballet offers a comprehensive portfolio of products and services, including Ballet Cold Storage Card and Ballet Crypto App. 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.
Secure offline storage for cryptocurrencies and NFTs to prevent hacking.
App for managing and transacting crypto assets securely via mobile.
Funding Insights of Ballet
Ballet has successfully raised a total of $13M through 1 strategic funding round. The most recent funding activity was a Series A round of $13 million completed in June 2022. 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 1
- Last Round Series A — $13.0M
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First Round
First Round
(09 Jun 2022)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2022 | Amount | Series A - Ballet | Valuation | Lightspeed Venture Partners , Draper Dragon |
| 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 Ballet
Ballet has secured backing from 6 investors, including venture fund and institutional investors. Prominent investors backing the company include Lightspeed Venture Partners, Digital Currency Group and Ribbit Capital. 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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Venture capital investing in innovative companies across global sectors is undertaken by Lightspeed Venture Partners.
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Founded Year | Domain | Location | |
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Early-stage centric VC firm funding companies in the US and China
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Founded Year | Domain | Location | |
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Early-stage companies in fintech and multiple sectors are invested in.
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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 Ballet
| 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 - Ballet
| 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 |
Ballet Comparisons
Competitors of Ballet
Ballet 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 Ledger, Tangem, Coolwallet, Shift Cryptosecurity and TREZOR, 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 |
Ledger is recognized for providing secure cryptocurrency hardware wallets.
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| domain | founded_year | HQ Location |
NFC-enabled hardware wallets for secure cryptocurrency storage are provided.
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| domain | founded_year | HQ Location |
Hardware wallet for cryptocurrencies
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| domain | founded_year | HQ Location |
Bitcoin hardware wallet
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| domain | founded_year | HQ Location |
A Bitcoin Hardware Wallet
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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 Ballet
Frequently Asked Questions about Ballet
When was Ballet founded?
Ballet was founded in 2019 and raised its 1st funding round 3 years after it was founded.
Where is Ballet located?
Ballet is headquartered in Las Vegas, United States. It is registered at Las Vegas, Nevada, United States.
Is Ballet a funded company?
Ballet is a funded company, having raised a total of $13M across 1 funding round to date. The company's 1st funding round was a Series A of $13M, raised on Jun 09, 2022.
What does Ballet do?
Provider of hardware solutions for cryptocurrency wallets. Its product portfolio includes the Real series, a physical cryptocurrency wallet that gives access to control digital assets, the QR code of the wallet provides the deposit address which allows users to deposit funds to the wallet without any need for configuration, Pure series, in which crypto is stored on the card in a completely non-electronic way, which eliminates the risk of hacking, Swap crypto, a ballet app for converting one crypto asset to another.
Who are the top competitors of Ballet?
Ballet's top competitors include Ledger, Coolwallet and Tangem.
What products or services does Ballet offer?
Ballet offers Ballet Cold Storage Card and Ballet Crypto App.
Who are Ballet's investors?
Ballet has 6 investors. Key investors include Lightspeed Venture Partners, Digital Currency Group, Ribbit Capital, Draper Dragon, and ACTAI Ventures.
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