About Celo
Celo is a company based in San Francisco (United States) founded in 2011 was acquired by PayU in July 2021. It operates as a Blockchain-as-a-Service, and FinTech. Celo has raised $57.5 million across 5 funding rounds from investors including PayU, Deutsche Telekom and Polychain. The company has 50 employees as of December 31, 2022. Celo offers products and services including Celo Layer 2 Blockchain, Stablecoin Solutions, and Mini Apps on Celo.
- Headquarter San Francisco, United States
- Employees 50 as on 31 Dec, 2022
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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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- Legal Name Celo Foundation
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Products & Services of Celo
Celo offers a comprehensive portfolio of products and services, including Celo Layer 2 Blockchain, Stablecoin Solutions, and Mini Apps on Celo. 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 scalable Ethereum Layer 2 blockchain is provided.
Stablecoin transactions are facilitated for global payments.
Mini apps are supported on Celo platform.
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Funding Insights of Celo
Celo has successfully raised a total of $57.5M across 5 strategic funding rounds. 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 5
- Last Round Last Round
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First Round
First Round
(25 Jun 2018)
- Investors Count 13
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Apr, 2021 | Amount | Series B - Celo | Valuation | Deutsche Telekom |
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| Feb, 2021 | Amount | Series B - Celo | Valuation | a16z , Electric Capital |
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| May, 2020 | Amount | Token Sale - Celo | Valuation |
investors |
| 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 Celo
Celo has secured backing from 14 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include PayU, Deutsche Telekom and Polychain. 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 investments in technology sectors are handled by Andreessen Horowitz.
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Founded Year | Domain | Location | |
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Cryptocurrency investment firm
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Founded Year | Domain | Location | |
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Crypto projects are funded by Greenfield, a venture capital firm.
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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 Celo
| 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 - Celo
| 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 |
Celo Comparisons
Competitors of Celo
| 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 Celo
When was Celo founded?
Celo was founded in 2011 and raised its 1st funding round 7 years after it was founded.
Where is Celo located?
Celo is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Is Celo a funded company?
Celo is a funded company, having raised a total of $57.5M across 5 funding rounds to date. The company's 1st funding round was a Token Sale of $48M, raised on Jun 25, 2018.
How many employees does Celo have?
As of Dec 31, 2022, the latest employee count at Celo is 50.
What does Celo do?
Celo is established as a leading Ethereum Layer 2 blockchain, emphasizing scalable solutions for global impact. Real-world applications are scaled, particularly in payments, stablecoins, and decentralized finance (DeFi). The platform is designed for fast, low-cost transactions with one-block finality and minimal fees. Privacy-preserving technologies and carbon offset initiatives are integrated to support sustainable and accessible financial systems. Mini apps and developer ecosystems are fostered to drive innovation in blockchain technology.
What products or services does Celo offer?
Celo offers Celo Layer 2 Blockchain, Stablecoin Solutions, and Mini Apps on Celo.
Who are Celo's investors?
Celo has 14 investors. Key investors include PayU, Deutsche Telekom, Polychain, Lakestar, and Andreessen Horowitz.
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