About Chainflip
Chainflip is a company based in Hong Kong (China) founded in 2020.. Chainflip has raised $16 million across 3 funding rounds from investors including Coinbase, Altonomy and Framework Ventures. Chainflip offers products and services including Swap, Liquidity Provision, and Chainflip SDK. Chainflip operates in a competitive market with competitors including Gemini, FTX, Blockchain, Bitstamp and PDAX, among others.
- Headquarter Hong Kong, China
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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
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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 M (USD)
in 3 rounds
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Latest Funding Round
$17.89 M (USD), Token Sale
Nov 23, 2023
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Investors
Coinbase
& 12 more
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Employee Count
Employee Count
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Products & Services of Chainflip
Chainflip offers a comprehensive portfolio of products and services, including Swap, Liquidity Provision, and Chainflip SDK. 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.
Platform for secure cross-chain cryptocurrency swaps with transparent pricing.
App to earn yield on Bitcoin through liquidity supply without impermanent loss.
Toolkit for integrating cross-chain swaps into products with customizable fees.
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Funding Insights of Chainflip
Chainflip has successfully raised a total of $16M across 3 strategic funding rounds. The most recent funding activity was a Token Sale round of $17.89 million completed in November 2023. 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 Token Sale — $17.9M
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First Round
First Round
(19 Aug 2021)
- Investors Count 13
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2023 | Amount | Token Sale - Chainflip | Valuation |
investors |
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| May, 2022 | Amount | Series B - Chainflip | Valuation | Pantera Capital , Blockchain Coinvestors | |
| Aug, 2021 | Amount | Series A - Chainflip | Valuation | Framework Ventures |
| 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 Chainflip
Chainflip has secured backing from 13 investors, including venture fund and institutional investors. Prominent investors backing the company include Coinbase, Altonomy and Framework Ventures. 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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Blockchain startups are funded by Framework Ventures venture capital.
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Founded Year | Domain | Location | |
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Blockchain-focused investment funds and venture capital are provided.
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Founded Year | Domain | Location | |
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Investments in blockchain sector are managed by venture capital fund.
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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 Chainflip
| 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 - Chainflip
| 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 |
Chainflip Comparisons
Competitors of Chainflip
Chainflip 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 Gemini, FTX, Blockchain, Bitstamp and PDAX, 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 |
Platform offering crypto exchange solutions
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| domain | founded_year | HQ Location |
Cryptocurrency trading is facilitated through an online platform.
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| domain | founded_year | HQ Location |
App-based platform for exchange and trading solutions for cryptocurrency
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| domain | founded_year | HQ Location |
Cryptocurrencies are bought, sold, and exchanged via a mobile app.
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| domain | founded_year | HQ Location |
Online exchange platform for cryptocurrencies
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| domain | founded_year | HQ Location |
Online platform for crypto exchange
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Chainflip
Frequently Asked Questions about Chainflip
When was Chainflip founded?
Chainflip was founded in 2020 and raised its 1st funding round 1 year after it was founded.
Where is Chainflip located?
Chainflip is headquartered in Hong Kong, China.
Is Chainflip a funded company?
Chainflip is a funded company, having raised a total of $16M across 3 funding rounds to date. The company's 1st funding round was a Series A of $6M, raised on Aug 19, 2021.
What does Chainflip do?
Chainflip was founded in 2020 in Hong Kong, China, as an online platform in the cryptocurrency sector. Cross-chain swaps are supported for assets including Bitcoin, Ethereum, and Monero. Operations avoid reliance on centralized exchanges, specialized wallets, or wrapped tokens. The service facilitates direct, decentralized trading across blockchain networks for users seeking interoperability.
Who are the top competitors of Chainflip?
Chainflip's top competitors include Blockchain, Gemini and FTX.
What products or services does Chainflip offer?
Chainflip offers Swap, Liquidity Provision, and Chainflip SDK.
Who are Chainflip's investors?
Chainflip has 13 investors. Key investors include Coinbase, Altonomy, Framework Ventures, ParaFi, and DeFi Alliance.
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