About Element
Element is a company based in Beijing (China) founded in 2021. It operates as a Two-Sided Marketplace. Element has raised $11.5 million across 1 funding round from investors including DRAGONFLY, SIG China and Draper Dragon. Element offers products and services including NFT Marketplace, Launchpad Services, and Verified Collection/Creator. Element operates in a competitive market with competitors including Kraken, Rarible, Crossmint, Digital Entertainment Asset and Metaplex, among others.
- Headquarter Beijing, China
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Sectors
TechnologyFinancial Services
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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
$11.5 M (USD)
in 1 rounds
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Latest Funding Round
$11.5 M (USD), Angel Round
May 07, 2021
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Investors
DRAGONFLY
& 3 more
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Employee Count
Employee Count
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Products & Services of Element
Element offers a comprehensive portfolio of products and services, including NFT Marketplace, Launchpad Services, and Verified Collection/Creator. 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.
NFTs and crypto collectibles are traded on platform.
Support for launching new NFT collections is provided.
Verification services for NFT collections are offered here.
Funding Insights of Element
Element has successfully raised a total of $11.5M through 1 strategic funding round. The most recent funding activity was a Angel Round round of $11.5 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 Total Funding
- Total Rounds 1
- Last Round Angel Round — $11.5M
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First Round
First Round
(07 May 2021)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2021 | Amount | Angel Round - Element | Valuation | SIG China , DRAGONFLY |
| 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 Element
Element has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include DRAGONFLY, SIG China and Draper Dragon. 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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Tech companies in China are invested in by SIG China.
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Founded Year | Domain | Location | |
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Early-stage centric VC firm funding companies in the US and China
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Founded Year | Domain | Location | |
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A global venture capital firm focused on innovative companies.
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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 Element
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
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 - Element
| 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 |
Element Comparisons
Competitors of Element
Element 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 Kraken, Rarible, Crossmint, Digital Entertainment Asset and Metaplex, 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 |
Provider of an app-based trading and exchange platform for cryptocurrency
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| domain | founded_year | HQ Location |
Blockchain-based digital art is traded via an online marketplace.
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| domain | founded_year | HQ Location |
NFTs are created, sold, and distributed via an online platform.
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| domain | founded_year | HQ Location |
Online marketplace platform to buy and sell NFTs
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| domain | founded_year | HQ Location |
NFT marketplaces are developed on the Solana blockchain platform.
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| domain | founded_year | HQ Location |
Web3 products and NFT platforms are built for cultural assets.
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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 Element
Frequently Asked Questions about Element
When was Element founded?
Element was founded in 2021.
Where is Element located?
Element is headquartered in Beijing, China.
Is Element a funded company?
Element is a funded company, having raised a total of $11.5M across 1 funding round to date. The company's 1st funding round was a Angel Round of $11.5M, raised on May 07, 2021.
What does Element do?
Element is recognized as the largest NFT marketplace on Layer 2 networks. Trading of NFTs, crypto collectibles, and GameFi assets is facilitated. Services such as Launchpad, Verified Collection, and Verified Creator support are provided. Real-time data tracking for collection floor prices and volumes is offered to users. The platform serves as a hub for digital asset transactions within the blockchain ecosystem.
Who are the top competitors of Element?
What products or services does Element offer?
Element offers NFT Marketplace, Launchpad Services, and Verified Collection/Creator.
Who are Element's investors?
Element has 4 investors. Key investors include DRAGONFLY, SIG China, Draper Dragon, and INCE Capital.