About Factom
Factom is a company based in Austin (United States) founded in 2014 was acquired by Inveniam in August 2021.. Factom has raised $23.63 million across 11 funding rounds from investors including Overstock, Gates Foundation and Plug and Play Tech Center. Factom operates in a competitive market with competitors including Binance, Consensys, Luno, Amber Group and Matrixport, among others.
- Headquarter Austin, United States
- Stage Minicorn
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Sectors
TechnologyFinancial Services
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Phone
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Website
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Funding Insights of Factom
Factom has successfully raised a total of $23.63M across 11 strategic funding rounds. The most recent funding activity was a Series B round of $6 million completed in August 2018. 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 11
- Last Round Series B — $6.0M
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First Round
First Round
(02 Apr 2015)
- Investors Count 16
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Aug, 2018 | Amount | Series B - Factom | Valuation | Fastforward Innovations |
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| Apr, 2017 | Amount | Series A - Factom | Valuation | Peeli Ventures , Harvest Partners |
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| Feb, 2017 | Amount | Series A - Factom | Valuation | Medici Ventures |
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| 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 Factom
Factom has secured backing from 17 investors, including venture fund and institutional investors. Prominent investors backing the company include Overstock, Gates Foundation and Plug and Play Tech Center. 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 & life Science focused early stage VC firm investing in North America & Europe
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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Harvest Partners is engaged in alternative investment strategies.
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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 Factom
| 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 - Factom
| 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 |
Factom Comparisons
Competitors of Factom
Factom 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 Binance, Consensys, Luno, Amber Group and Matrixport, 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 |
Online exchange platform for cryptocurrency
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| domain | founded_year | HQ Location |
Developer of blockchain and web3 software platform
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| domain | founded_year | HQ Location |
Mobile app for storing and trading cryptocurrencies is utilized.
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| domain | founded_year | HQ Location |
Blockchain-based financial solutions are offered for crypto trading and payments.
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| domain | founded_year | HQ Location |
App-based platform offering crypto investment products and financial services solutions
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| domain | founded_year | HQ Location |
Blockchain infrastructure for transactions and counting is provided by Solana.
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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 Factom
Frequently Asked Questions about Factom
When was Factom founded?
Factom was founded in 2014 and raised its 1st funding round 1 year after it was founded.
Where is Factom located?
Factom is headquartered in Austin, United States. It is registered at Austin, Texas, United States.
Is Factom a funded company?
Factom is a funded company, having raised a total of $23.63M across 11 funding rounds to date. The company's 1st funding round was a Series A of $750K, raised on Apr 02, 2015.
What does Factom do?
Factom was founded in 2014 and is headquartered in Austin, United States, within the blockchain sector. Blockchain technology is applied by the company to encrypt and secure data from private and public organizations into a distributed ledger. This ledger serves as proof of existence and a source of truth for business processes. Integration into customer applications is enabled through API calls for direct data publication to the blockchain.
Who are the top competitors of Factom?
Who are Factom's investors?
Factom has 17 investors. Key investors include Overstock, Gates Foundation, Plug and Play Tech Center, Inveniam IO, and Homeland Security.
What is Factom's valuation?
The valuation of Factom is $11M as of Oct 2015.