About Fuel Labs
Fuel Labs is a company based in Toronto (Canada) founded in 2019 by Nick Dodson.. Fuel Labs has raised $81.5 million across 2 funding rounds from investors including CoinFund, Bain Capital Crypto and Blockchain Capital. Fuel Labs offers products and services including Fuel Ignition, Sway, Fuel Orchestrator, and Griffy. Fuel Labs operates in a competitive market with competitors including Optimism, Offchain Labs, Metis, Arbitrum and Morph, among others.
- Headquarter Toronto, Canada
- Founders Nick Dodson
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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
$81.5 M (USD)
in 2 rounds
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Latest Funding Round
$80 M (USD), Series A
Sep 06, 2022
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Investors
CoinFund
& 12 more
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Employee Count
Employee Count
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Products & Services of Fuel Labs
Fuel Labs offers a comprehensive portfolio of products and services, including Fuel Ignition, Sway, Fuel Orchestrator, and Griffy. 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.
High-performance layer-2 solution for Ethereum scaling and security
Domain-specific language for blockchain development and smart contracts
Toolchain for building, testing, and deploying blockchain projects
Platform for real-time prediction markets on blockchain
Funding Insights of Fuel Labs
Fuel Labs has successfully raised a total of $81.5M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $80 million completed in September 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 2
- Last Round Series A — $80.0M
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First Round
First Round
(21 Sep 2021)
- Investors Count 13
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2022 | Amount | Series A - Fuel Labs | Valuation | Blockchain Capital , Stratos Technologies | |
| Sep, 2021 | Amount | Seed - Fuel Labs | Valuation | CoinFund |
| 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 Fuel Labs
Fuel Labs has secured backing from 13 investors, including venture fund and institutional investors. Prominent investors backing the company include CoinFund, Bain Capital Crypto and Blockchain Capital. 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 investing in the blockchain sector
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Founded Year | Domain | Location | |
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Stratos is engaged in blockchain and Web3 venture investments.
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Founded Year | Domain | Location | |
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Multiple sectors are invested in by this micro VC fund.
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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 Fuel Labs
| 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 - Fuel Labs
| 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 |
Fuel Labs Comparisons
Competitors of Fuel Labs
Fuel Labs 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 Optimism, Offchain Labs, Metis, Arbitrum and Morph, 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 |
Optimistic rollups are employed for smart contract execution on Ethereum.
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| domain | founded_year | HQ Location |
Solutions for Ethereum smart contracts are developed and customized.
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| domain | founded_year | HQ Location |
Blockchain platform is utilized for developing and launching decentralized applications.
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| domain | founded_year | HQ Location |
Blockchain applications for fintech are enabled on a decentralized network.
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| domain | founded_year | HQ Location |
A consumer finance layer is offered by Morph.
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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 Fuel Labs
Frequently Asked Questions about Fuel Labs
When was Fuel Labs founded?
Fuel Labs was founded in 2019 and raised its 1st funding round 2 years after it was founded.
Where is Fuel Labs located?
Fuel Labs is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
Who is the current CEO of Fuel Labs?
Nick Dodson is the current CEO of Fuel Labs. They have also founded this company.
Is Fuel Labs a funded company?
Fuel Labs is a funded company, having raised a total of $81.5M across 2 funding rounds to date. The company's 1st funding round was a Seed of $1.5M, raised on Sep 21, 2021.
What does Fuel Labs do?
Fuel Labs was established in 2019 in Toronto, Canada, within the blockchain sector. Scaling solutions and development tools are provided to enhance developer experiences. Performance improvements for decentralized applications are achieved through these offerings. Operations focus on blockchain infrastructure, with services aimed at supporting application builders in a global market.
Who are the top competitors of Fuel Labs?
Fuel Labs's top competitors include Optimism, Metis and Offchain Labs.
What products or services does Fuel Labs offer?
Fuel Labs offers Fuel Ignition, Sway, Fuel Orchestrator, and Griffy.
Who are Fuel Labs's investors?
Fuel Labs has 13 investors. Key investors include CoinFund, Bain Capital Crypto, Blockchain Capital, Stratos, and Alameda Research.
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