About Filecoin
Filecoin is a company based in San Francisco (United States) founded in 2014.. Filecoin has raised $120 thousand across 2 funding rounds from investors including Sequoia Capital, Andreessen Horowitz and Union Square Ventures. The company has 61 employees as of December 31, 2020. Filecoin operates in a competitive market with competitors including Storj, KYVE, Impossible Cloud, Synternet and Irys, among others.
- Headquarter San Francisco, United States
- Employees 61 as on 31 Dec, 2020
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Protocol Labs
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$120 K (USD)
in 2 rounds
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Latest Funding Round
$52 M (USD), Token Sale
Aug 10, 2017
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Investors
Sequoia Capital
& 3 more
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Employee Count
61
as on Dec 31, 2020
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Legal and Compliance
8 people
Software Development Team
6 people
Research Team
6 people
Human Resources and Administration
5 people
Operations Team
3 people
Leadership Team
3 people
Finance and Accounting
3 people
Project Team
2 people
Unlock access to complete
Funding Insights of Filecoin
Filecoin has successfully raised a total of $120K across 2 strategic funding rounds. The most recent funding activity was a Token Sale round of $52 million completed in August 2017. 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 Token Sale — $52.0M
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First Round
First Round
(16 Jul 2014)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2017 | Amount | Token Sale - Filecoin | Valuation |
investors |
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| Jul, 2014 | Amount | Seed - Filecoin | Valuation |
investors |
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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 Filecoin
Filecoin has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include Sequoia Capital, Andreessen Horowitz and Union Square Ventures. 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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Sequoia Capital is engaged in venture capital investments.
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Founded Year | Domain | Location | |
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Venture capital investments in technology sectors are handled by Andreessen Horowitz.
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Founded Year | Domain | Location | |
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Venture capital firm focused on blockchain, wellbeing, and multiple sectors
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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 Filecoin
| 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 - Filecoin
| 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 |
Filecoin Comparisons
Competitors of Filecoin
Filecoin 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 Storj, KYVE, Impossible Cloud, Synternet and Irys, 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 |
Decentralized cloud storage is provided via blockchain and peer-to-peer networks.
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| domain | founded_year | HQ Location |
Blockchain-based decentralized data lake enables data storage and validation.
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| domain | founded_year | HQ Location |
Decentralized cloud storage solutions are offered for enterprises.
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| domain | founded_year | HQ Location |
Modular, interoperable data infrastructure is powered across multiple blockchains.
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| domain | founded_year | HQ Location |
Irys was founded in 2010 in London by Josh Benaron.
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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 Filecoin
Frequently Asked Questions about Filecoin
When was Filecoin founded?
Filecoin was founded in 2014.
Where is Filecoin located?
Filecoin is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Is Filecoin a funded company?
Filecoin is a funded company, having raised a total of $120K across 2 funding rounds to date. The company's 1st funding round was a Seed of $120K, raised on Jul 16, 2014.
How many employees does Filecoin have?
As of Dec 31, 2020, the latest employee count at Filecoin is 61.
What does Filecoin do?
Filecoin was founded in 2014 in San Francisco, United States, within the blockchain and decentralized storage sector. A distributed file storage system is operated, where nodes are incentivized to store network data through a proof-of-work mechanism that incorporates proof-of-retrievability. Storage services are enabled by awarding currency for file maintenance, with transactions facilitating file additions to the network.
Who are Filecoin's investors?
Filecoin has 4 investors. Key investors include Sequoia Capital, Andreessen Horowitz, Union Square Ventures, and Winklevoss Capital.
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