About Bitnomial
Bitnomial is a company based in Chicago (United States) founded in 2014 by Luke Hoersten.. Bitnomial has raised $46.89 million across 4 funding rounds from investors including Ripple, Electric Capital and Jump Capital. The company has 19 employees as of December 31, 2024. Bitnomial operates in a competitive market with competitors including Deribit, D2X, Zeta Markets, Delta and SignalPlus, among others.
- Headquarter Chicago, United States
- Employees 19 as on 31 Dec, 2024
- Founders Luke Hoersten
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Sectors
Financial Services
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Email
***********
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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
$46.89 M (USD)
in 4 rounds
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Latest Funding Round
$27.79 M (USD), Series C
Jul 12, 2024
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Investors
Ripple
& 2 more
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Employee Count
19
as on Dec 31, 2024
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Funding Insights of Bitnomial
Bitnomial has successfully raised a total of $46.89M across 4 strategic funding rounds. The most recent funding activity was a Series C round of $27.79 million completed in July 2024. 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 4
- Last Round Series C — $27.8M
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First Round
First Round
(06 Sep 2016)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2024 | Amount | Series C - Bitnomial | Valuation | Ripple |
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| Oct, 2020 | Amount | Series B - Bitnomial | Valuation | Electric Capital | |
| Dec, 2018 | Amount | Series A - Bitnomial | Valuation |
investors |
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| 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 Bitnomial
Bitnomial has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include Ripple, Electric Capital and Jump 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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Cryptocurrency investment firm
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Founded Year | Domain | Location | |
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Venture capital and funds of fund firm focused on multiple sectors
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Founded Year | Domain | Location | |
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Blockchain-based payment network for cross-border transfers is developed.
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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 Bitnomial
| 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 - Bitnomial
| 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 |
Bitnomial Comparisons
Competitors of Bitnomial
Bitnomial 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 Deribit, D2X, Zeta Markets, Delta and SignalPlus, 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 |
Deribit is recognized as a leading crypto derivatives exchange.
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| domain | founded_year | HQ Location |
Digital stock exchange operations are facilitated in Europe.
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| domain | founded_year | HQ Location |
Online futures & options trading platform for cryptocurrency
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| domain | founded_year | HQ Location |
Cryptocurrency portfolios are tracked via the Delta mobile app.
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| domain | founded_year | HQ Location |
AI-enabled trading software suite for digital assets
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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 Bitnomial
Frequently Asked Questions about Bitnomial
When was Bitnomial founded?
Bitnomial was founded in 2014 and raised its 1st funding round 2 years after it was founded.
Where is Bitnomial located?
Bitnomial is headquartered in Chicago, United States. It is registered at Chicago, Illinois, United States.
Who is the current CEO of Bitnomial?
Luke Hoersten is the current CEO of Bitnomial. They have also founded this company.
Is Bitnomial a funded company?
Bitnomial is a funded company, having raised a total of $46.89M across 4 funding rounds to date. The company's 1st funding round was a Series A of $7.46M, raised on Sep 06, 2016.
How many employees does Bitnomial have?
As of Dec 31, 2024, the latest employee count at Bitnomial is 19.
What does Bitnomial do?
Bitnomial was founded in 2014 in Chicago, United States, as a platform focused on bitcoin derivatives. Exchange solutions for futures and options are offered, along with digital asset settlement systems. A marketplace is facilitated to connect digital asset hedgers with institutional traders in the cryptocurrency sector. Operations emphasize secure trading environments for institutional participants.
Who are the top competitors of Bitnomial?
Bitnomial's top competitors include Deribit, D2X and SignalPlus.
Who are Bitnomial's investors?
Bitnomial has 3 investors. Key investors include Ripple, Electric Capital, and Jump Capital.