About Band Protocol
Band Protocol is a company based in Tortola (British Virgin Islands) founded in 2017.. Band Protocol has raised $3 million across 2 funding rounds from investors including Peak XV Partners, Dunamu & Partners and Rise Accel. Band Protocol offers products and services including Band Price Feeds, Band VRF, Band Integration Tools, Cosmoscan, and Band Standard Dataset. Band Protocol operates in a competitive market with competitors including Chainlink, Space and Time, PARSIQ, RedStone and Alterya, among others.
- Headquarter Tortola, British Virgin Islands
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Sectors
Technology
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Phone
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Website
*********
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Social
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- Legal Name Protocol Limited
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$3 M (USD)
in 2 rounds
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Latest Funding Round
$5.85 M (USD), Token Sale
Sep 17, 2019
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Investors
Peak XV Partners
& 3 more
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Employee Count
Employee Count
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Products & Services of Band Protocol
Band Protocol offers a comprehensive portfolio of products and services, including Band Price Feeds, Band VRF, Band Integration Tools, Cosmoscan, and Band Standard Dataset. 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.
Provides real-time price information for cryptocurrencies and commodities.
Offers verifiable random functions for secure blockchain applications.
Enables custom oracle creation using WebAssembly for data integration.
Allows exploration of BandChain and related blockchain data.
Delivers real-time datasets for cryptocurrencies and exchange rates.
Unlock access to complete
Funding Insights of Band Protocol
Band Protocol has successfully raised a total of $3M across 2 strategic funding rounds. The most recent funding activity was a Token Sale round of $5.85 million completed in September 2019. 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 Token Sale — $5.8M
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First Round
First Round
(18 Feb 2019)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2019 | Amount | Token Sale - Band Protocol | Valuation |
investors |
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| Feb, 2019 | Amount | Seed - Band Protocol | Valuation | Peak XV Partners |
| 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 Band Protocol
Band Protocol has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include Peak XV Partners, Dunamu & Partners and Rise Accel. 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 firm backed by Dunamu
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Founded Year | Domain | Location | |
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Early-stage startups are supported and accelerated by RISE.
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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 Band Protocol
| 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 - Band Protocol
| 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 |
Band Protocol Comparisons
Competitors of Band Protocol
Band Protocol 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 Chainlink, Space and Time, PARSIQ, RedStone and Alterya, 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 |
Decentralized Oracle network to support smart contracts
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| domain | founded_year | HQ Location |
AI powered decentralised data warehouse platform
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| domain | founded_year | HQ Location |
Cryptocurrency research and blockchain monitoring services are offered.
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| domain | founded_year | HQ Location |
A decentralised oracle network is provided for blockchain data feeds.
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| domain | founded_year | HQ Location |
Online platform offering data infrastructure for decentralized ecosystems
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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 Band Protocol
Frequently Asked Questions about Band Protocol
When was Band Protocol founded?
Band Protocol was founded in 2017 and raised its 1st funding round 2 years after it was founded.
Where is Band Protocol located?
Band Protocol is headquartered in Tortola, British Virgin Islands.
Is Band Protocol a funded company?
Band Protocol is a funded company, having raised a total of $3M across 2 funding rounds to date. The company's 1st funding round was a Seed of $3M, raised on Feb 18, 2019.
What does Band Protocol do?
Band Protocol was founded in 2017 and is headquartered in Tortola, United Kingdom. The platform operates in the blockchain sector, enabling the creation of token-curated communities on Ethereum. BandChain is utilized for transaction processing, with oracle data transmitted across multiple blockchains. Real-world data and APIs are aggregated and connected to smart contracts through the data oracle service.
Who are the top competitors of Band Protocol?
Band Protocol's top competitors include Chainlink, Space and Time and RedStone.
What products or services does Band Protocol offer?
Band Protocol offers Band Price Feeds, Band VRF, Band Integration Tools, Cosmoscan, and Band Standard Dataset.
Who are Band Protocol's investors?
Band Protocol has 4 investors. Key investors include Peak XV Partners, Dunamu & Partners, Rise Accel, and SeaX Ventures.
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