About CipherTrace
CipherTrace is a Technology company based in Menlo Park (United States) founded in 2016, and was acquired by Mastercard in September 2021. Forensics and investigation tools for cryptocurrencies. It operates in the Technology, Industrial Goods & Manufacturing, and Financial Services sectors. CipherTrace has raised $45.1 million across 3 funding rounds from investors including Mastercard, Third Point and Neotribe. Its chief executive, as recorded, is David Jevans. Its focus areas include FinTech, Cryptocurrencies, RegTech and Transaction Monitoring. Its competitors include CertiK and MetaMask; 1 of its 2 listed competitors has raised funding.
Company details
CipherTrace provides forensic and investigation tools for cryptocurrencies. Helps organizations in investigating money laundering, ransomware, drug trafficking, extortion, child exploitation, and fraudulent ICOs. CipherTrace provides the infrastructure to enable secure, verifiable, and legal commerce for cryptocurrency markets.
- Headquarters Menlo Park, United States
- Stage Acquired
- SectorsTechnologyIndustrial Goods & Manufacturing Financial Services
- Email••••••••
- Phone•••• ••••
- Website ciphertrace.com
- Social LinkedIn X Facebook
- Acquired by Mastercard (Sep 2021)
- Total Equity Funding$45.1M (USD)
in 3 rounds
- Latest Funding Round$27.13M (USD), Series B
May 2021
- InvestorsMastercard
& 7 more
- Acquired byMastercard
(Sep 2021)
Funding Insights of CipherTrace
CipherTrace has successfully raised a total of $45.1M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $27.13 million completed in May 2021. 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 $45.1M
- Total Rounds 3
- Last Round Series B — $27.13M
- First Round $2.98M
(Mar 2018)
- Investors Count 7
All 3 funding rounds of CipherTrace with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May 2021 | $27.13M | Series B | – | Third Point | |
| Feb 2019 | $15M | Series A | – | Aspect Ventures | |
| Mar 2018 | $2.98M | Seed | – | Neotribe | – |
8 investors in total: 8 institutional.
Investors in CipherTrace
CipherTrace has secured backing from 8 investors, including institutional and venture fund investors. Prominent investors backing the company include Mastercard, Third Point and Neotribe.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital firm focused on tech sectors | neotribe.vc | Menlo Park, United States | ||
VC firm investing in seed and early stage companies in the US | seraphgroup.net | Tampa, United States | ||
Early-stage startups are funded by Acrew Capital venture firm. | acrewcapital.com | Palo Alto, United States | ||
Early-stage US tech investments are made by Aspect Ventures. | aspectventures.com | Palo Alto, United States | ||
Early-stage enterprise startups are funded by WestWave Capital. | 2021 | westwavecapital.com | ||
Venture capital is provided to blockchain startups by EOS VC. | vc.eos.io | George Town, Cayman Islands | ||
Third Point is engaged in opportunistic investing across various strategies. | 1995 | thirdpoint.com | New York, United States | |
Global payments are processed via card network connections. | 1966 | mastercard.com | Purchase, United States |
Investor details for CipherTrace
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
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People of CipherTrace
976 people are tracked at CipherTrace (670 in leadership, 10 in board & advisors, 296 in team).
| Name | Role | Group |
|---|---|---|
David Jevans | CEO | Leadership |
Merete Hansen | Director Information Security Operations | Leadership |
Jean-Robert Raynier | Vice President Products & Solutions France | Leadership |
Jaser Toumi | Manager, Managing Consultant, Marketing Data & Services | Leadership |
Earl Mundy | Vice President, Direct To Corporate Business Development | Leadership |
Esra Adibelli | Vice President Corporate Strategy | Leadership |
Sanket Dantara | Vice President (principal) Services Business Lead - South Asia | Leadership |
Thomas Krois | Vice President | Leadership |
Steven Ryniec | Director Of Business Development | Leadership |
Nick Vechiarella | Director, Finance Business Partner | Leadership |
Jimena Delfino | Vice President Of Business Development - North LAC Division | Leadership |
Ramesh Jayakrishnan | Vice President - New Payment Platforms | Leadership |
Karin Fuchs | Executive Assistant, Office Of The President, Mastercard Europe | Leadership |
Krzyk Sebastian | Svp, Commercial Head Mastercard Processing Europe (located In Spain) | Leadership |
Matteo Piccolo | Executive Vice President, Business Development Europe | Leadership |
Adam Percy | Senior Managing Consultant, Data And Services | Leadership |
Axel Lintermans | Head Of Sponsorships Europe | Leadership |
Ercan Muskara | Director - Product Management - Merchant Solutions Europe | Leadership |
Maxence Lefebvre | Director, Business Development, Security Solutions Belux | Leadership |
Geoffroy Seghetti | Senior Vice President - Marketing Services Europe | Leadership |
956 more people are available in the full profile.
Complete people profiles for CipherTrace
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Timeline of CipherTrace
4 dated milestones of CipherTrace across 5 years, from founding to its latest funding, stage changes and deals.
- Founded CipherTrace is founded.
- Funding First funding round of $3.0M.
- Funding Latest funding round, Series B, of $27.1M.
- Exit Acquired by Mastercard.
Competitors of CipherTrace
CipherTrace has 2 listed competitors in our database, 1 of them funded. They include CertiK and MetaMask.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| certik.com | 2017 | New York, United States | $296.15M | Online platform for blockchain and smart contract cybersecurity | ||
| metamask.io | 2015 | San Francisco, United States | Browser-based hot wallet for cryptocurrency management and transactions is provided. |
Detailed competitors of CipherTrace
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Top companies in Blockchain & Decentralized Infrastructure
3 companies that operate in the same segment as CipherTrace (Blockchain & Decentralized Infrastructure) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Decentralized exchange platform for cryptocurrency trading is operated. | 2018 | New York, New York, United States | USD 176 M | 217 | ||
Developer of blockchain and web3 software platform | 2014 | Fort Worth, Texas, United States | USD 725 M | 708 | ||
Protocols for blockchain-based solutions are provided by Aptos. | 2021 | Palo Alto, California, United States | USD 350 M | 166 |
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Frequently Asked Questions about CipherTrace
CipherTrace was founded in 2016 and raised its 1st funding round 2 years after it was founded.
CipherTrace is headquartered in Menlo Park, United States. It is registered at Menlo Park, California, United States.
David Jevans is the CEO of CipherTrace, as recorded in our data.
CipherTrace is a funded company, having raised a total of $45.1M across 3 funding rounds to date. The company's 1st funding round was a Seed of $2.98M, raised on Mar 2018.
CipherTrace provides forensic and investigation tools for cryptocurrencies. Helps organizations in investigating money laundering, ransomware, drug trafficking, extortion, child exploitation, and fraudulent ICOs. CipherTrace provides the infrastructure to enable secure, verifiable, and legal commerce for cryptocurrency markets.
CipherTrace has 8 investors. Key investors include Mastercard, Third Point, Neotribe, Seraph Group, and Acrew Capital.
Yes. CipherTrace was acquired by Mastercard in September 2021.