About Coil
Coil is a Media & Entertainment company founded in 2018. Coil is focused on enabling web monetization for creators. It operates on a Subscription Services model. Coil has raised $4 million across 1 funding round from investors including Xpring and Stefan Thomas. Coil offers products and services including Coil Membership. Its focus areas include Technology, Internet Services and Digital Monetization. Its legal entity is Coil Technologies.
Company details
Coil was established to support web monetization by providing a platform for creators and developers to earn through content. The company developed technology around Interledger, fostering an ecosystem for digital payments. Services included memberships for users to access monetized content. As of 2023, Coils products are being discontinued, with stewardship of Interledger passed to the Interledger Foundation.
- SectorsMedia & Entertainment
- Email••••••••
- Website coil.com
- Legal Name Coil Technologies
- Total Equity Funding$4M (USD)
in 1 rounds
- Latest Funding Round$4M (USD), Seed
Aug 2019
- InvestorsXpring
& 1 more
Products & Services of Coil
Coil offers a comprehensive portfolio of products and services, including Coil Membership.
Membership for accessing and supporting web monetized content.
Funding Insights of Coil
Coil has successfully raised a total of $4M through 1 strategic funding round. The most recent funding activity was a Seed round of $4 million completed in August 2019. 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 $4M
- Total Rounds 1
- Last Round Seed — $4M
- First Round $4M
(Aug 2019)
- Investors Count 2
All 1 funding rounds of Coil 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 |
|---|---|---|---|---|---|
| Aug 2019 | $4M | Seed | – | Xpring |
2 investors in total: 1 institutional and 1 angel.
Investors in Coil
Coil has secured backing from 2 investors, including institutional and angel investors. Prominent investors backing the company include Xpring and Stefan Thomas.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
A cross-chain network designed to facilitate transactions in the finance industry. | 2018 | xpring.io | United States | |
ST Stefan Thomas | Angel investor, tech entrepreneur, known for early Bitcoin involvement | unknown_b4237235d7ca498d9 |
Investor details for Coil
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Coil
6 people are tracked at Coil (6 in leadership).
| Name | Role | Group |
|---|---|---|
Stefan Thomas | CEO & Founder | Leadership |
Maggie Leung | Executive Assistant To Chief Executive Officer | Leadership |
Rakesh Pullabhatla, CPA, CFA | Consulting CFO | Leadership |
Gary Morris | COO & Founder | Leadership |
Tiffany Fox | CMO | Leadership |
Kevin Crew | Senior Director of Business Operations | Leadership |
Complete people profiles for Coil
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Coil
2 dated milestones of Coil across 1 years, from founding to its latest funding, stage changes and deals.
- Founded Coil is founded.
- Funding First funding round of $4.0M.
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Frequently Asked Questions about Coil
Coil was founded in 2018 and raised its 1st funding round 1 year after it was founded.
Coil is a funded company, having raised a total of $4M across 1 funding round to date. The company's 1st funding round was a Seed of $4M, raised on Aug 2019.
Coil was established to support web monetization by providing a platform for creators and developers to earn through content. The company developed technology around Interledger, fostering an ecosystem for digital payments. Services included memberships for users to access monetized content. As of 2023, Coils products are being discontinued, with stewardship of Interledger passed to the Interledger Foundation.
Coil offers Coil Membership.
Coil has 2 investors. Key investors include Xpring, and Stefan Thomas.
Coil operates through Coil Technologies.