About Carry Protocol
Carry Protocol is a company based in Seoul (South Korea) founded in 2018 by Richard Choi and Grant Sohn.. Carry Protocol has raised $16.54 million across 2 funding rounds. Carry Protocol operates in a competitive market with competitors including Reklaim, Ant Transactions Machine, datacy, BDEX and Aqilliz, among others.
- Headquarter Seoul, South Korea
- Founders Richard Choi, Grant Sohn
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Sectors
Technology
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Email
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Phone
*********
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Website
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Social
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- Legal Name Carry Tech Pte. Ltd.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$16.54 M (USD)
in 2 rounds
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Latest Funding Round
$23.43 M (USD), Token Sale
Sep 04, 2018
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Investors
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Employee Count
Employee Count
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Funding Insights of Carry Protocol
Carry Protocol has successfully raised a total of $16.54M across 2 strategic funding rounds. The most recent funding activity was a Token Sale round of $23.43 million completed in September 2018. 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 — $23.4M
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First Round
First Round
(20 May 2018)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2018 | Amount | Token Sale - Carry Protocol | Valuation |
investors |
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| May, 2018 | Amount | Series B - Carry Protocol | 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 |
Investments & Acquisitions by Carry 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 - Carry 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 |
Carry Protocol Comparisons
Competitors of Carry Protocol
Carry 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 Reklaim, Ant Transactions Machine, datacy, BDEX and Aqilliz, 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 |
Reklaim is focused on empowering users to control personal data.
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| domain | founded_year | HQ Location |
Personal data is monetized via a marketplace platform.
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| domain | founded_year | HQ Location |
Data management solutions provider
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| domain | founded_year | HQ Location |
Real-time user data is traded via a specialized marketplace.
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| domain | founded_year | HQ Location |
Blockchain based customer data 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 Carry Protocol
Frequently Asked Questions about Carry Protocol
When was Carry Protocol founded?
Carry Protocol was founded in 2018.
Where is Carry Protocol located?
Carry Protocol is headquartered in Seoul, South Korea.
Who is the current CEO of Carry Protocol?
Richard Choi is the current CEO of Carry Protocol. They have also founded this company.
Is Carry Protocol a funded company?
Carry Protocol is a funded company, having raised a total of $16.54M across 2 funding rounds to date. The company's 1st funding round was a Series B of $16.54M, raised on May 20, 2018.
What does Carry Protocol do?
Carry Protocol was founded in 2018 in Seoul, South Korea, within the cryptocurrency and fintech sector. A payment solution is developed to enable merchants in physical stores to accept digital currencies. Returning customers are incentivized through digital coupons and customized tokens. Transaction data is controlled and monetized by users, while offline payment data is made available for purchase by advertisers on the platform.
Who are the top competitors of Carry Protocol?
Carry Protocol's top competitors include Reklaim, Ant Transactions Machine and datacy.
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