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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TechnologyFinancial Services
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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.
A scalable Ethereum Layer 2 blockchain is provided.
Stablecoin transactions are facilitated for global payments.
Mini apps are supported on Celo platform.
People of Celo
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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.
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.
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Venture capital investments in technology sectors are handled by Andreessen Horowitz.
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Crypto projects are funded by Greenfield, a venture capital firm.
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Investor details for Celo
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Investments & Acquisitions by Celo
Investment portfolio details for Celo
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Financial Statements - Celo
Detailed financials for Celo
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Celo Comparisons
Peer comparison for Celo
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Competitors of Celo
Detailed competitors of Celo
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Latest news on Celo
Complete news archive for Celo
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Frequently Asked Questions about Celo
Celo was founded in 2011 and raised its 1st funding round 7 years after it was founded.
Celo is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Celo is a funded company, having raised a total of $57.5M across 5 funding rounds to date.
As of Dec 31, 2022, the latest employee count at Celo is 50.
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.
Celo offers Celo Layer 2 Blockchain, Stablecoin Solutions, and Mini Apps on Celo.
Celo has 14 investors. Key investors include PayU, Deutsche Telekom, Polychain, Lakestar, and Andreessen Horowitz.