About FTX
FTX is a company based in Nassau (Bahamas) founded in 2019 by Gary Wang and Sam Bankman-Fried.. FTX has raised $1.73 billion across 6 funding rounds from investors including Circle, Coinbase and SoftBank. The company has 41 employees as of December 31, 2021. FTX has completed 4 acquisitions, including Blockfolio, Liquid and Quoine. FTX operates in a competitive market with competitors including Gemini, Blockchain, Bitstamp, PDAX and Bit2Me, among others.
- Headquarter Nassau, Bahamas
- Employees 41 as on 31 Dec, 2021
- Founders Gary Wang, Sam Bankman-Fried
- Stage Decacorn
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name West Realm Shires Services, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$1.73 B (USD)
in 6 rounds
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Latest Funding Round
$400 M (USD), Series C
Jan 31, 2022
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Investors
Circle
& 37 more
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Employee Count
41
as on Dec 31, 2021
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Investments & Acquisitions
Blockfolio
& 3 more
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Funding Insights of FTX
FTX has successfully raised a total of $1.73B across 6 strategic funding rounds. The most recent funding activity was a Series C round of $400 million completed in January 2022. 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 6
- Last Round Series C — $400.0M
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First Round
First Round
(06 Aug 2019)
- Investors Count 38
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2022 | Amount | Series C - FTX | Valuation | Paradigm , Temasek | |
| Oct, 2021 | Amount | Series B - FTX | Valuation |
investors |
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| Jul, 2021 | Amount | Series B - FTX | Valuation | Temasek , Paradigm |
| 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 FTX
FTX has secured backing from 38 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Circle, Coinbase and SoftBank. 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 investments are directed toward crypto-assets and Web3 businesses.
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Founded Year | Domain | Location | |
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An investment platform is provided for diverse sectors and geographies.
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Founded Year | Domain | Location | |
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Venture capital investing in innovative companies across global sectors is undertaken by Lightspeed Venture Partners.
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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 FTX
FTX has strategically engaged in corporate development activities, having acquired 4 companies. Notable acquisitions include Blockfolio, Liquid and Quoine. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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An online battle war game is hosted and developed.
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2020 | ||||
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Crypto portfolios are tracked and managed via a mobile app.
|
2014 | ||||
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Digital assets are exchanged through an online platform.
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2014 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - FTX
| 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 |
Ftx Comparisons
Competitors of FTX
FTX 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 Gemini, Blockchain, Bitstamp, PDAX and Bit2Me, 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 |
Platform offering crypto exchange solutions
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| domain | founded_year | HQ Location |
App-based platform for exchange and trading solutions for cryptocurrency
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| domain | founded_year | HQ Location |
Cryptocurrencies are bought, sold, and exchanged via a mobile app.
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| domain | founded_year | HQ Location |
Online exchange platform for cryptocurrencies
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| domain | founded_year | HQ Location |
Online platform for crypto exchange
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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 Ftx
Frequently Asked Questions about FTX
When was FTX founded?
FTX was founded in 2019.
Where is FTX located?
FTX is headquartered in Nassau, Bahamas.
Who is the current CEO of FTX?
Sam Bankman-Fried is the current CEO of FTX. They have also founded this company.
Is FTX a funded company?
FTX is a funded company, having raised a total of $1.73B across 6 funding rounds to date. The company's 1st funding round was a Series B of $900M, raised on Aug 06, 2019.
How many employees does FTX have?
As of Dec 31, 2021, the latest employee count at FTX is 41.
What does FTX do?
FTX was founded in 2019 and is based in Nassau City, Bahamas. Operations focus on the cryptocurrency sector, where digital assets such as Bitcoin, Ethereum, Tether, and Altcoins are bought and sold via encrypted networks. Transfers of various crypto derivatives are enabled, alongside OTC trading options for institutional users. The platform supports secure exchanges across multiple assets.
Who are the top competitors of FTX?
FTX's top competitors include Blockchain, Gemini and PDAX.
How many acquisitions has FTX made?
FTX has made 4 acquisitions, including Blockfolio, Liquid, and Quoine.
Who are FTX's investors?
FTX has 38 investors. Key investors include Circle, Coinbase, SoftBank, Lightspeed Venture Partners, and BlackRock.
What is FTX's valuation?
The valuation of FTX is $32B as of Jan 2022.
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