About Blofin
Blofin is a company based in George Town (Cayman Islands) founded in 2019.. Blofin has raised $50 million across 1 funding round from investors including KuCoin, Susquehanna and Matrix. Blofin operates in a competitive market with competitors including Synthetix, Perpetual Protocol, Drift, Bonfida and Avantis, among others.
- Headquarter George Town, Cayman Islands
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Sectors
TechnologyFinancial 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
$50 M (USD)
in 1 rounds
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Latest Funding Round
$50 M (USD), Series B
Mar 01, 2022
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Investors
KuCoin
& 2 more
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Employee Count
Employee Count
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Funding Insights of Blofin
Blofin has successfully raised a total of $50M through 1 strategic funding round. The most recent funding activity was a Series B round of $50 million completed in March 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 B — $50.0M
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First Round
First Round
(01 Mar 2022)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2022 | Amount | Series B - Blofin | Valuation | KuCoin |
| 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 Blofin
Blofin has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include KuCoin, Susquehanna and Matrix. 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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Diversified investment management is handled by SIG across multiple assets.
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Founded Year | Domain | Location | |
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Early-stage ventures are funded by the investment firm.
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Founded Year | Domain | Location | |
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Cryptocurrencies are bought, sold, and traded via this exchange platform.
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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 Blofin
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
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.
|
2016 |
Financial Statements - Blofin
| 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 |
Blofin Comparisons
Competitors of Blofin
Blofin 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 Synthetix, Perpetual Protocol, Drift, Bonfida and Avantis, 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 |
Derivatives liquidity protocol
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| domain | founded_year | HQ Location |
Online trading platform for cryptocurrency
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| domain | founded_year | HQ Location |
Cryptocurrency futures and options trading solutions are offered.
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| domain | founded_year | HQ Location |
Blockchain-based trading network for Solana
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| domain | founded_year | HQ Location |
Cryptocurrencies and real-world assets are traded on a decentralized platform.
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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 Blofin
Frequently Asked Questions about Blofin
When was Blofin founded?
Blofin was founded in 2019 and raised its 1st funding round 3 years after it was founded.
Where is Blofin located?
Blofin is headquartered in George Town, Cayman Islands.
Who is the current CEO of Blofin?
Matt H is the current CEO of Blofin.
Is Blofin a funded company?
Blofin is a funded company, having raised a total of $50M across 1 funding round to date. The company's 1st funding round was a Series B of $50M, raised on Mar 01, 2022.
What does Blofin do?
Blofin was founded in 2019 and is based in George Town, Cayman Islands. Operations focus on the cryptocurrency sector, where a platform is maintained for users to buy, sell, deposit, and trade futures and perpetual contracts. Market signals and insights are supplied as supplementary tools. The mobile app is made available for both Android and iOS devices.
Who are the top competitors of Blofin?
Who are Blofin's investors?
Blofin has 3 investors. Key investors include KuCoin, Susquehanna, and Matrix.