About Fantom
Fantom is a company based in Seoul (South Korea) founded in 2018. It operates as a Blockchain-as-a-Service, and Token / Crypto Economy. Fantom has raised $50 million across 3 funding rounds from investors including Aave, Bibox and Hashed. Fantom offers products and services including Opera, FTM Token, and Staking. Fantom operates in a competitive market with competitors including Mysten Labs, Symbiont, InfStones, RootStock and Data Gumbo, among others.
- Headquarter Seoul, South Korea
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Sectors
Technology
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Fantom Foundation
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$50 M (USD)
in 3 rounds
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Latest Funding Round
$10 M (USD), Series B
May 24, 2024
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Investors
Aave
& 15 more
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Employee Count
Employee Count
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Products & Services of Fantom
Fantom offers a comprehensive portfolio of products and services, including Opera, FTM Token, and Staking. 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.
Opera is used as a scalable blockchain platform.
FTM is utilized as Fantom's native currency token.
Staking is offered to earn rewards with FTM.
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Funding Insights of Fantom
Fantom has successfully raised a total of $50M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $10 million completed in May 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 3
- Last Round Series B — $10.0M
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First Round
First Round
(21 Jun 2018)
- Investors Count 16
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2024 | Amount | Series B - Fantom | Valuation | Hashed | |
| Mar, 2024 | Amount | Angel Round - Fantom | Valuation |
investors |
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| Jun, 2018 | Amount | Series B - Fantom | Valuation | Signum Capital , 8 Decimal 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 Fantom
Fantom has secured backing from 16 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Aave, Bibox and Hashed. 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 crypto-assets
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Founded Year | Domain | Location | |
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Limited information is provided about UOB Venture Management.
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Founded Year | Domain | Location | |
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Blockchain startups are funded through 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 Fantom
| 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 - Fantom
| 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 |
Fantom Comparisons
Competitors of Fantom
Fantom 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 Mysten Labs, Symbiont, InfStones, RootStock and Data Gumbo, 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 |
Web3 infrastructure solutions are offered via a blockchain platform.
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| domain | founded_year | HQ Location |
Smart contract platform
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| domain | founded_year | HQ Location |
Decentralized infrastructure network for finance
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| domain | founded_year | HQ Location |
EVM-compatible smart contracts are facilitated on Bitcoin's sidechain by RootStock.
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| domain | founded_year | HQ Location |
Blockchain-as-a-service platform with smart contracts is provided for industrial networks.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Fantom
Frequently Asked Questions about Fantom
When was Fantom founded?
Fantom was founded in 2018.
Where is Fantom located?
Fantom is headquartered in Seoul, South Korea.
Who is the current CEO of Fantom?
Ahn Byung is the current CEO of Fantom.
Is Fantom a funded company?
Fantom is a funded company, having raised a total of $50M across 3 funding rounds to date. The company's 1st funding round was a Series B of $40M, raised on Jun 21, 2018.
What does Fantom do?
Fantom is established as a decentralized, high-performance blockchain solution focused on scalability and speed. Transactions are processed with finality in under one second and at costs below 0.01. The Opera platform is utilized as a smart contract environment for developers, supporting a wide ecosystem of DeFi, NFT, and GameFi decentralized applications (dApps). Emphasis is placed on partnerships and collaboration to advance blockchain technology. Tools and funding opportunities are provided to support developers in building innovative solutions within sectors like finance, gaming, and digital ownership.
Who are the top competitors of Fantom?
Fantom's top competitors include Mysten Labs, Data Gumbo and InfStones.
What products or services does Fantom offer?
Fantom offers Opera, FTM Token, and Staking.
Who are Fantom's investors?
Fantom has 16 investors. Key investors include Aave, Bibox, Hashed, UOB Venture Management, and Signum Capital.
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