About ErisX
ErisX is a company based in Chicago (United States) founded in 2010 by Thomas Chippas was acquired by Chicago Board Options Exchange in October 2021.. ErisX has raised $47.5 million across 3 funding rounds from investors including Consensys, Fidelity Investments and BITMAIN. ErisX offers products and services including Digital Asset Futures and Clearing Services. ErisX operates in a competitive market with competitors including Coinsquare, Kraken, KuCoin, Bitso and Coinbase, among others.
- Headquarter Chicago, United States
- Founders Thomas Chippas
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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 Cboe Digital Exchange, 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
$47.5 M (USD)
in 3 rounds
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Latest Funding Round
$20 M (USD), Series B
Apr 30, 2019
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Investors
Consensys
& 28 more
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Employee Count
Employee Count
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Acquired by
Chicago Board Options Exchange
(Oct 20, 2021)
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Products & Services of ErisX
ErisX offers a comprehensive portfolio of products and services, including Digital Asset Futures and Clearing Services. 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 trading financially settled futures of BTC and ETH.
Services to eliminate settlement risk in digital asset futures.
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Software Development Team
150 people
Legal and Compliance
41 people
Leadership Team
41 people
Data Analysis and Operations Team
29 people
Senior Team
24 people
Human Resources and Administration
22 people
Operations Team
19 people
Sales and Marketing
12 people
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Funding Insights of ErisX
ErisX has successfully raised a total of $47.5M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $20 million completed in April 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 Total Funding
- Total Rounds 3
- Last Round Series B — $20.0M
- First Round First Round
- Investors Count 29
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2019 | Amount | Series B - ErisX | Valuation | Castle Island Ventures , DRAGONFLY | |
| Dec, 2018 | Amount | Series B - ErisX | Valuation | Fidelity Investments , Nasdaq | |
| Oct, 2018 | Amount | Seed - ErisX | Valuation | TD Ameritrade , CME Group |
| 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 ErisX
ErisX has secured backing from 29 investors, including venture fund and institutional investors. Prominent investors backing the company include Consensys, Fidelity Investments and BITMAIN. 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 fund focused on blockchain and cryptocurrency companies
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Founded Year | Domain | Location | |
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Early-stage blockchain technology companies are invested in by the firm.
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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 |
| 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 ErisX
| 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 - ErisX
| 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 |
Erisx Comparisons
Competitors of ErisX
ErisX 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 Coinsquare, Kraken, KuCoin, Bitso and Coinbase, 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 |
Digital assets are bought, sold, and traded on Coinsquare.
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| 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 |
Cryptocurrencies are bought, sold, and traded via this exchange platform.
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| domain | founded_year | HQ Location |
Cryptocurrencies are traded and exchanged through an online platform.
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| domain | founded_year | HQ Location |
Cryptocurrency trading, storage, and exchange services are offered online.
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| domain | founded_year | HQ Location |
Online robo advisory and stock trading services are provided.
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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 Erisx
Frequently Asked Questions about ErisX
When was ErisX founded?
ErisX was founded in 2010 and raised its 1st funding round 8 years after it was founded.
Where is ErisX located?
ErisX is headquartered in Chicago, United States. It is registered at Chicago, Illinois, United States.
Who is the current CEO of ErisX?
Thomas Chippas is the current CEO of ErisX. They have also founded this company.
Is ErisX a funded company?
ErisX is a funded company, having raised a total of $47.5M across 3 funding rounds to date.
What does ErisX do?
ErisX was founded in 2010 in Chicago, United States, and functions as a cryptocurrency trading platform in the digital assets sector. Accounts are created through KYC processes, with funding options available for trading spot and futures contracts. Supported assets include Bitcoin, Bitcoin Cash, Ethereum, and Litecoin. Settlement services are provided for the spot market, serving both individual and institutional users.
What products or services does ErisX offer?
ErisX offers Digital Asset Futures and Clearing Services.
Who are ErisX's investors?
ErisX has 29 investors. Key investors include Consensys, Fidelity Investments, BITMAIN, CME Group, and Nasdaq.