About Espresso Systems
Espresso Systems is a company based in Stanford (United States) founded in 2022 by Ben Fisch. Espresso Systems has raised $60 million across 2 funding rounds from investors including Terraform Labs, Coinbase and Gemini. Espresso Systems offers products and services including Espresso Network and Espresso Confirmations. Espresso Systems operates in a competitive market with competitors including Biconomy, Router Protocol, Plume Network, Entangle and UX, among others.
- Headquarter Stanford, United States
- Founders Ben Fisch
- SectorsTechnology
- Website espressosys.com
- Social LinkedIn X
- Total Equity Funding$60M (USD)
in 2 rounds
- Latest Funding Round$28M (USD), Series B
Mar 2024
- InvestorsTerraform Labs
& 15 more
Products & Services of Espresso Systems
Espresso Systems offers a comprehensive portfolio of products and services, including Espresso Network and Espresso Confirmations.
Provides layer for cross-chain composability and fast confirmations.
Enables strong, reliable blockchain transaction finality.
Funding Insights of Espresso Systems
Espresso Systems has successfully raised a total of $60M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $28 million completed in March 2024. 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 $60M
- Total Rounds 2
- Last Round Series B — $28M
- First Round $32M
(Mar 2022)
- Investors Count 16
All 2 funding rounds of Espresso Systems 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 |
|---|---|---|---|---|---|
| Mar 2024 | $28M | Series B | – | A16z Crypto | |
| Mar 2022 | $32M | Series A | – | Greylock, Electric Capital |
16 investors in total: 16 institutional.
Investors in Espresso Systems
Espresso Systems has secured backing from 16 investors, including institutional and venture fund investors. Prominent investors backing the company include Terraform Labs, Coinbase and Gemini.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital firm specializing in early-stage tech investments and founder support. | 1965 | greylock.com | - | |
Cryptocurrency investment firm | – | electriccapital.com | Palo Alto, United States | |
Sequoia Capital is engaged in venture capital investments. | 1972 | sequoiacap.com | - | |
Venture capital firm investing in the blockchain sector | – | blockchain.capital | San Francisco, United States | |
Early-stage tech investments are made primarily in US companies. | – | slow.co | New York, United States | |
Venture capital investments in crypto and web3 startups. | – | a16zcrypto.com | - | |
Scalable blockchain interoperability protocols are developed for enhanced network security. | 2017 | polygon.technology | George Town, Cayman Islands | |
Zero-knowledge proof roll-up solutions are provided for blockchain scaling. | 2017 | starkware.co | Netanya, Israel | |
Solutions for Ethereum smart contracts are developed and customized. | 2018 | offchainlabs.com | Princeton, United States | |
Decentralized zero-knowledge rollup platform for Ethereum token bridging is operated. | 2022 | taiko.xyz | Shanghai, China |
Investor details for Espresso Systems
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of Espresso Systems
13 people are tracked at Espresso Systems (6 in leadership, 7 in team).
| Name | Role | Group |
|---|---|---|
Ben Fisch | Co-Founder & CEO | Leadership |
Fernando Krell | VP, Engineering | Leadership |
Benedikt Bünz | Chief Scientist | Leadership |
Jill Gunter | Chief Strategy Officer | Leadership |
Charles Lu | COO | Leadership |
Averi Gerberding | Chief Of Staff | Leadership |
Philippe Camacho | Senior Cryptography Engineer | Team |
Ellie Davidson | Systems Engineer | Team |
Jeb Bearer | Principal Architect | Team |
Chengyu Lin | Senior Cryptographic Engineer | Team |
Keyao Shen | Senior Software Engineer | Team |
Mat Richmond | DevOps Engineer | Team |
Brendon Fish | Systems Engineer | Team |
Complete people profiles for Espresso Systems
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Timeline of Espresso Systems
3 dated milestones of Espresso Systems across 2 years, from founding to its latest funding, stage changes and deals.
- Founded Espresso Systems is founded.
- Funding First funding round of $32.0M.
- Funding Latest funding round, Series B, of $28.0M.
Competitors of Espresso Systems
Espresso Systems 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 Biconomy, Router Protocol, Plume Network, Entangle and UX, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| biconomy.io | 2019 | Dubai, United Arab Emirates | $10.5M | – | Blockchain infrastructure for Web3 experiences is provided. | |
| routerprotocol.com | 2021 | Singapore | $4.1M | – | Cross-chain infrastructure for asset-level data transfer | |
| plumenetwork.xyz | 2024 | New York, United States | $30M | – | Modular EVM Layer-2 blockchain is provided for real-world asset integration. | |
| entangle.fi | 2021 | Dubai, United Arab Emirates | – | – | A liquidity-centric sub-layer is developed for cross-chain DeFi applications. | |
| ux.xyz | 2020 | Cayman Islands | $6.3M | – | Blockchain-based lending protocol is offered for web3 companies. | |
| lagrange.dev | 2022 | San Francisco, United States | $17.2M | – | Cross-chain infrastructure is developed for generalized state proofs across blockchains. | |
| li.fi | 2021 | Berlin, Germany | $23M | – | DEX aggregation for cross-chain bridging, swapping, and messaging is facilitated. | |
| uxuy.com | 2022 | Singapore | $10.2M | – | Cross-chain liquidity aggregation protocol is developed across multiple blockchains. |
Detailed competitors of Espresso Systems
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- Full competitor set
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Web traffic of Espresso Systems
The website of Espresso Systems (espressosys.com) receives about 9.1K visits a month.
- Monthly visits9.1K
▼ 5.9% vs previous month
Latest news on Espresso Systems
Complete news archive for Espresso Systems
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Similar companies to Espresso Systems
10 companies that operate in the same segment as Espresso Systems (Blockchain & Decentralized Infrastructure), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Terraform Labs is engaged in blockchain technology development. | 2018 | Singapore, Singapore | USD 57 M | – | – | |
Ledger is recognized for providing secure cryptocurrency hardware wallets. | 2014 | Paris, France | USD 575.4 M | – | – | |
Decentralized exchange platform for cryptocurrency trading is operated. | 2018 | New York, New York, United States | USD 176 M | – | 85 | |
Developer of blockchain and web3 software platform | 2014 | Fort Worth, Texas, United States | USD 725 M | – | – | |
Public blockchain network platform | 2017 | Zug, Zug, Switzerland | USD 542.29 M | – | – | |
Scalable blockchain interoperability protocols are developed for enhanced network security. | 2017 | George Town, Cayman Islands | USD 450.75 M | – | – | |
Blockchain-based PC and mobile games are developed and published. | 2006 | Kowloon, Hong Kong, China | USD 973.19 M | – | – | |
Protocols for blockchain-based solutions are provided by Aptos. | 2021 | Palo Alto, California, United States | USD 350 M | – | – | |
Cloud-based blockchain platform for application development is provided. | 2013 | San Francisco, California, United States | USD 597.81 M | – | – | |
Blockchain-based fantasy sports marketplace is provided for multiple sports. | 2018 | Saint-mande, Val-de-marne, France | USD 738.84 M | – | – |
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Frequently Asked Questions about Espresso Systems
Espresso Systems was founded in 2022.
Espresso Systems is headquartered in Stanford, United States. It is registered at Stanford, California, United States.
Ben Fisch is the current CEO of Espresso Systems. They have also founded this company.
Espresso Systems is a funded company, having raised a total of $60M across 2 funding rounds to date. The company's 1st funding round was a Series A of $32M, raised on Mar 2022.
Espresso Systems was founded in 2022 in Stanford, United States. Blockchain-based privacy solutions for web3 applications are developed and offered. Digital assets, credentials, transaction amounts, and addresses are configured by users to maintain privacy. Assets are built, policies are created, and data is shared securely by developers through the platform. Operations focus on sectors such as payment processing and asset management within the blockchain industry.
Espresso Systems's top competitors include Biconomy, Plume Network and Router Protocol.
Espresso Systems offers Espresso Network and Espresso Confirmations.
Espresso Systems has 16 investors. Key investors include Terraform Labs, Coinbase, Gemini, Polygon, and StarkWare.