About Bright Network
Bright Network is a company based in London (United Kingdom) founded in 2017 by Arnold Almeida, Anthony Martin, and Pierre Proner. It operates as a Blockchain-as-a-Service. Bright Network has raised $4.53 million across 3 funding rounds from investors including Dtec and Propeller. The company has 80 employees as of March 31, 2022. Bright Network offers products and services including Bright Network Platform.
- Headquarter London, United Kingdom
- Employees 80 as on 31 Mar, 2022
- Founders Arnold Almeida, Anthony Martin, Pierre Proner
- Stage Minicorn
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Sectors
TechnologyFinancial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Bright Network, Inc
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Annual Revenue
$12.94 M (USD)-11as on Mar 31, 2024
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Net Profit
$-1.53 M (USD)-120as on Mar 31, 2024
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EBITDA
$-1.62 M (USD)-116as on Mar 31, 2024
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Total Equity Funding
$4.53 M (USD)
in 3 rounds
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Latest Funding Round
$177.2 K (USD), Seed
Jun 19, 2020
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Investors
Dtec
& 1 more
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Employee Count
80
as on Mar 31, 2022
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Products & Services of Bright Network
Bright Network offers a comprehensive portfolio of products and services, including Bright Network Platform. 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.
A decentralized platform for secure wallet connections.
Funding Insights of Bright Network
Bright Network has successfully raised a total of $4.53M across 3 strategic funding rounds. The most recent funding activity was a Seed round of $177.2 thousand completed in June 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 3
- Last Round Seed — $177,195
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First Round
First Round
(18 Nov 2019)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2020 | Amount | Seed - Bright Network | Valuation |
investors |
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| Mar, 2020 | Amount | Seed - Bright Network | Valuation |
investors |
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| Nov, 2019 | Amount | Seed - Bright Network | Valuation | Dtec , Propeller |
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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 Bright Network
Bright Network has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Dtec and Propeller. 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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Startups are incubated and funded by Dtec across multiple sectors.
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Founded Year | Domain | Location | |
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Investment is made in AI infrastructure and AI-native application startups.
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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 Bright Network
| 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 - Bright Network
| 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 |
Bright Network Comparisons
Competitors of Bright Network
| 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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Frequently Asked Questions about Bright Network
When was Bright Network founded?
Bright Network was founded in 2017 and raised its 1st funding round 2 years after it was founded.
Where is Bright Network located?
Bright Network is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Who is the current CEO of Bright Network?
Pierre Proner is the current CEO of Bright Network. They have also founded this company.
Is Bright Network a funded company?
Bright Network is a funded company, having raised a total of $4.53M across 3 funding rounds to date. The company's 1st funding round was a Seed of $200K, raised on Nov 18, 2019.
How many employees does Bright Network have?
As of Mar 31, 2022, the latest employee count at Bright Network is 80.
What is the annual revenue of Bright Network?
Annual revenue of Bright Network is $12.94M as on Mar 31, 2024.
What does Bright Network do?
Bright Network is managed as a decentralized platform leveraging blockchain technology. It is focused on providing secure wallet connections and automated smart contracts. The platform operates within the Smart Chain blockchain, ensuring security and stability through decentralized systems. Solutions are offered for users seeking immutable transaction records and protection from manipulation. The sector primarily targeted is blockchain technology with an emphasis on decentralization.
What products or services does Bright Network offer?
Bright Network offers Bright Network Platform.
Who are Bright Network's investors?
What is Bright Network's valuation?
The valuation of Bright Network is $16.24M as of Jun 2020.
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