About Functionland
Functionland is a company based in Toronto (Canada) founded in 2021 by Keyvan M Sadeghi and Ehsan Shariati.. Functionland has raised $1.1 million across 2 funding rounds from investors including Protocol Labs, Techstars and Delta Blockchain Fund. Functionland offers products and services including FxBlox, FULA Token, and IPFS Ecosystem. Functionland operates in a competitive market with competitors including Pied Piper, Lighthouse Storage, Exa Protocol, YOOSEND and Zuel, among others.
- Headquarter Toronto, Canada
- Founders Keyvan M Sadeghi, Ehsan Shariati
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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
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- Legal Name Functionland 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
$1.1 M (USD)
in 2 rounds
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Latest Funding Round
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Investors
Protocol Labs
& 13 more
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Employee Count
Employee Count
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Products & Services of Functionland
Functionland offers a comprehensive portfolio of products and services, including FxBlox, FULA Token, and IPFS Ecosystem. 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.
Device for decentralized storage and AI processing.
Token for staking and earning rewards in the network.
System for distributed data storage and applications.
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Funding Insights of Functionland
Functionland has successfully raised a total of $1.1M across 2 strategic funding rounds. 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 Last Round
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First Round
First Round
(25 Jan 2022)
- Investors Count 14
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2022 | Amount | Seed - Functionland | Valuation | Techstars |
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| Jan, 2022 | Amount | Seed - Functionland | Valuation | Outlier Ventures , Protocol 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 |
Investors in Functionland
Functionland has secured backing from 14 investors, including venture fund and institutional investors. Prominent investors backing the company include Protocol Labs, Techstars and Delta Blockchain Fund. 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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Startups are accelerated globally without sector restrictions through structured programs.
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Founded Year | Domain | Location | |
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Web3 startups are accelerated and supported by Outlier Ventures.
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Founded Year | Domain | Location | |
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Investments in blockchain sectors are handled by Tenzor Capital.
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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 Functionland
| 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 - Functionland
| 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 |
Functionland Comparisons
Competitors of Functionland
Functionland 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 Pied Piper, Lighthouse Storage, Exa Protocol, YOOSEND and Zuel, 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 |
Blockchain-based distributed storage solutions for enterprises are offered.
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| domain | founded_year | HQ Location |
Permanent file storage is enabled via a pay-once protocol.
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| domain | founded_year | HQ Location |
Decentralized blockchain storage solutions are provided for enterprises.
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| domain | founded_year | HQ Location |
Offers blockchain-based network attached storage solutions for enterprises.
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| domain | founded_year | HQ Location |
Decentralized software for mesh networks, optimized connections, and storage solutions.
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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 Functionland
Frequently Asked Questions about Functionland
When was Functionland founded?
Functionland was founded in 2021 and raised its 1st funding round 1 year after it was founded.
Where is Functionland located?
Functionland is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
Who is the current CEO of Functionland?
Keyvan M Sadeghi is the current CEO of Functionland. They have also founded this company.
Is Functionland a funded company?
Functionland is a funded company, having raised a total of $1.1M across 2 funding rounds to date. The company's 1st funding round was a Seed of $1.1M, raised on Jan 25, 2022.
What does Functionland do?
Functionland was founded in 2021 in Toronto, Canada, within the blockchain and distributed computing sector. Networked attached storage solutions are provided, allowing storage and CPU resources to be shared among users. Software is utilized to configure systems, perform instant backups, synchronize devices, and access an open-source platform. Customizable options are available to expand storage or processing capacity via the Box system.
Who are the top competitors of Functionland?
Functionland's top competitors include Pied Piper, Lighthouse Storage and Exa Protocol.
What products or services does Functionland offer?
Functionland offers FxBlox, FULA Token, and IPFS Ecosystem.
Who are Functionland's investors?
Functionland has 14 investors. Key investors include Protocol Labs, Techstars, Delta Blockchain Fund, MV Global, and Pinnacle Venture.
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