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
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Sectors
Technology
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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
$60 M (USD)
in 2 rounds
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Latest Funding Round
$28 M (USD), Series B
Mar 21, 2024
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Investors
Terraform Labs
& 15 more
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Employee Count
Employee Count
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Products & Services of Espresso Systems
Espresso Systems offers a comprehensive portfolio of products and services, including Espresso Network and Espresso Confirmations. 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.
Provides layer for cross-chain composability and fast confirmations.
Enables strong, reliable blockchain transaction finality.
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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 Total Funding
- Total Rounds 2
- Last Round Series B — $28.0M
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First Round
First Round
(07 Mar 2022)
- Investors Count 16
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2024 | Amount | Series B - Espresso Systems | Valuation | A16z Crypto | |
| Mar, 2022 | Amount | Series A - Espresso Systems | Valuation | Greylock , Electric Capital |
| 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 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. 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 firm specializing in early-stage tech investments and founder support.
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Founded Year | Domain | Location | |
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Cryptocurrency investment firm
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Founded Year | Domain | Location | |
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Sequoia Capital is engaged in venture capital investments.
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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 Espresso Systems
| 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 - Espresso Systems
| 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 |
Espresso Systems Comparisons
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. 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 |
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| domain | founded_year | HQ Location |
Blockchain infrastructure for Web3 experiences is provided.
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Cross-chain infrastructure for asset-level data transfer
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Modular EVM Layer-2 blockchain is provided for real-world asset integration.
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A liquidity-centric sub-layer is developed for cross-chain DeFi applications.
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| domain | founded_year | HQ Location |
Blockchain-based lending protocol is offered for web3 companies.
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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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 Espresso Systems
Frequently Asked Questions about Espresso Systems
When was Espresso Systems founded?
Espresso Systems was founded in 2022.
Where is Espresso Systems located?
Espresso Systems is headquartered in Stanford, United States. It is registered at Stanford, California, United States.
Who is the current CEO of Espresso Systems?
Ben Fisch is the current CEO of Espresso Systems. They have also founded this company.
Is Espresso Systems a funded 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 07, 2022.
What does Espresso Systems do?
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.
Who are the top competitors of Espresso Systems?
Espresso Systems's top competitors include Biconomy, Plume Network and Router Protocol.
What products or services does Espresso Systems offer?
Espresso Systems offers Espresso Network and Espresso Confirmations.
Who are Espresso Systems's investors?
Espresso Systems has 16 investors. Key investors include Terraform Labs, Coinbase, Gemini, Polygon, and StarkWare.
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