About Celsius
Celsius is a company based in Hoboken (United States) founded in 2017 by Shlomi Daniel Leon and Nuke Goldstein was acquired by Fahrenheit chain in May 2023. It operates as a FinTech. Celsius has raised $955.59 million across 8 funding rounds from investors including Caisse de depot et placement du Quebec, Tether and tokentus. Celsius has completed 2 acquisitions, including BSave and GK8. Celsius offers products and services including Cryptocurrency Platform and Bitcoin Mining. Celsius operates in a competitive market with competitors including Salt lending, Milo, Prime Protocol, Radiant and Kyoko, among others.
- Headquarter Hoboken, United States
- Founders Shlomi Daniel Leon, Nuke Goldstein
- Stage Unicorn
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Celsius Network Llc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$955.59 M (USD)
in 8 rounds
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Latest Funding Round
$150 M (USD), Series B
Aug 19, 2022
- Investors
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Employee Count
Employee Count
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Investments & Acquisitions
BSave
& 1 more
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Acquired by
Fahrenheit chain
(May 25, 2023)
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Products & Services of Celsius
Celsius offers a comprehensive portfolio of products and services, including Cryptocurrency Platform and Bitcoin Mining. 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 platform for cryptocurrency transactions is provided here.
Bitcoin mining operations are conducted by this company.
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Funding Insights of Celsius
Celsius has successfully raised a total of $955.59M across 8 strategic funding rounds. The most recent funding activity was a Series B round of $150 million completed in August 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 8
- Last Round Series B — $150.0M
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First Round
First Round
(01 Mar 2018)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2022 | Amount | Series B - Celsius | Valuation | Caisse de depot et placement du Quebec |
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| Apr, 2022 | Amount | Series B - Celsius | Valuation | tokentus |
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| Oct, 2021 | Amount | Series B - Celsius | Valuation | WestCap , Caisse de depot et placement du Quebec |
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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 Celsius
Celsius has secured backing from 5 investors, including institutional and venture fund investors. Prominent investors backing the company include Caisse de depot et placement du Quebec, Tether and tokentus. 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 are directed toward multiple sectors by WestCap.
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Founded Year | Domain | Location | |
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Investment strategies are provided across diverse asset classes and markets.
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Founded Year | Domain | Location | |
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Investments in blockchain technology companies are facilitated by tokentus.
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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 Celsius
Celsius has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include BSave and GK8. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Institutional-grade digital asset custody solutions are provided for financial institutions.
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2018 | ||||
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Interest-bearing savings accounts are offered for Coinbase Bitcoin holders.
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2015 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Celsius
| 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 |
Celsius Comparisons
Competitors of Celsius
Celsius 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 Salt lending, Milo, Prime Protocol, Radiant and Kyoko, 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 |
Asset-backed loans using cryptocurrency as collateral are offered online.
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| domain | founded_year | HQ Location |
Standalone veterinary clinic services are provided in New York.
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| domain | founded_year | HQ Location |
Online platform offering crypto-based lending protocol
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| domain | founded_year | HQ Location |
Interest is earned and assets are borrowed cross-chain by users.
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| domain | founded_year | HQ Location |
Online marketplace for trading NFT
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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 Celsius
Frequently Asked Questions about Celsius
When was Celsius founded?
Celsius was founded in 2017 and raised its 1st funding round 1 year after it was founded.
Where is Celsius located?
Celsius is headquartered in Hoboken, United States. It is registered at Hoboken, New Jersey, United States.
Is Celsius a funded company?
Celsius is a funded company, having raised a total of $955.59M across 8 funding rounds to date. The company's 1st funding round was a Series B of $750M, raised on Mar 01, 2018.
What does Celsius do?
A global cryptocurrency platform is managed by Celsius Network LLC, focusing on blockchain-based financial services. Bitcoin mining operations are also conducted as part of its business. The company emerged from Chapter 11 bankruptcy on January 31, 2024, and is currently in the process of winding down operations, with mobile and web apps shut down as of February 29, 2024. Distributions to creditors are being handled in cryptocurrency, US dollars, and equity shares in Ionic Digital LLC, the reorganized mining business.
Who are the top competitors of Celsius?
Celsius's top competitors include Salt lending, Radiant and Helix.
What products or services does Celsius offer?
Celsius offers Cryptocurrency Platform and Bitcoin Mining.
Who are Celsius's investors?
Celsius has 5 investors. Key investors include Caisse de depot et placement du Quebec, Tether, tokentus, WestCap, and Fahrenheit chain.
What is Celsius's valuation?
The valuation of Celsius is $3B as of Oct 2021.
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