About Fungify
Fungify is a company based in Nicosia (Cyprus) founded in 2021. Fungify has raised $6 million across 1 funding round from investors including Anagram, Citizen X and Distributed Global. Fungify offers products and services including Fungify Pools and NFT Index. Fungify operates in a competitive market with competitors including Morningstar, IHS Markit, Intercontinental Exchange, CME Group and S&P Global, among others.
- Headquarter Nicosia, Cyprus
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Sectors
TechnologyFinancial Services
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Phone
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Website
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Social
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$6 M (USD)
in 1 rounds
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Latest Funding Round
$6 M (USD), Series A
Feb 01, 2023
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Investors
Anagram
& 8 more
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Employee Count
Not available
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Products & Services of Fungify
Fungify offers a comprehensive portfolio of products and services, including Fungify Pools and NFT Index.
Protocol for borrowing and lending NFTs with dynamic APYs.
Marketcap weighted ETF for blue-chip NFTs earning yield.
Funding Insights of Fungify
Fungify has successfully raised a total of $6M through 1 strategic funding round. The most recent funding activity was a Series A round of $6 million completed in February 2023. 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.
Investors in Fungify
Fungify has secured backing from 9 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Anagram, Citizen X and Distributed Global.
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Blockchain projects are funded by this venture capital firm.
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Blockchain startups are funded by Infinity Ventures Crypto venture capital.
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Flow Ventures is engaged in early-stage venture investments focused on the tokenized economy.
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Investor details for Fungify
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Investments & Acquisitions by Fungify
Investment portfolio details for Fungify
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Financial Statements - Fungify
Detailed financials for Fungify
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Fungify Comparisons
Peer comparison for Fungify
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Competitors of Fungify
Fungify 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 Morningstar, IHS Markit, Intercontinental Exchange, CME Group and S&P Global, among others.
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Financial data and investment advisory tools are offered online.
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Online data source platform for information, analytics, and solutions for governments and financial markets
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Private and financial market data analytics solutions are provided.
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Online trading and financial data exchange marketplace for capital assets
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Platform offering business intelligence solutions that combine data and actionable analytics for clients
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Operates a digital hub for securities and derivatives exchange data.
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Detailed competitors of Fungify
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Latest news on Fungify
Complete news archive for Fungify
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Frequently Asked Questions about Fungify
Fungify was founded in 2021 and raised its 1st funding round 2 years after it was founded.
Fungify is headquartered in Nicosia, Cyprus.
Fungify is a funded company, having raised a total of $6M across 1 funding round to date.
Fungify was established in 2021 in Nicosia, Cyprus, as a protocol in the blockchain and decentralized finance sector. Operations focus on non-custodial mechanisms for NFT sales, loans secured by NFTs, and the generation of yield-bearing NFTs. The platform supports index creation for NFTs and algorithmic lending without asset custody, serving users in the digital asset ecosystem across Europe and beyond.
Fungify's top competitors include Morningstar, IHS Markit and CME Group.
Fungify offers Fungify Pools and NFT Index.
Fungify has 9 investors. Key investors include Anagram, Citizen X, Distributed Global, Infinity Ventures Crypto, and Taureon.