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
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Net Profit
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EBITDA
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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
Employee Count
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Products & Services of Fungify
Fungify offers a comprehensive portfolio of products and services, including Fungify Pools and NFT Index. 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.
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.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Series A — $6.0M
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First Round
First Round
(01 Feb 2023)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2023 | Amount | Series A - Fungify | Valuation | CitizenX |
| 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 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. 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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Blockchain projects are funded by this venture capital firm.
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Founded Year | Domain | Location | |
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Blockchain startups are funded by Infinity Ventures Crypto venture capital.
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Founded Year | Domain | Location | |
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Flow Ventures is engaged in early-stage venture investments focused on the tokenized economy.
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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 Fungify
| 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 - Fungify
| 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 |
Fungify Comparisons
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. 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 |
Financial data and investment advisory tools are offered online.
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| domain | founded_year | HQ Location |
Online data source platform for information, analytics, and solutions for governments and financial markets
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| domain | founded_year | HQ Location |
Private and financial market data analytics solutions are provided.
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| domain | founded_year | HQ Location |
Online trading and financial data exchange marketplace for capital assets
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| domain | founded_year | HQ Location |
Platform offering business intelligence solutions that combine data and actionable analytics for clients
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| domain | founded_year | HQ Location |
Operates a digital hub for securities and derivatives exchange data.
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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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Frequently Asked Questions about Fungify
When was Fungify founded?
Fungify was founded in 2021 and raised its 1st funding round 2 years after it was founded.
Where is Fungify located?
Fungify is headquartered in Nicosia, Cyprus.
Is Fungify a funded company?
Fungify is a funded company, having raised a total of $6M across 1 funding round to date. The company's 1st funding round was a Series A of $6M, raised on Feb 01, 2023.
What does Fungify do?
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.
Who are the top competitors of Fungify?
Fungify's top competitors include Morningstar, IHS Markit and CME Group.
What products or services does Fungify offer?
Fungify offers Fungify Pools and NFT Index.
Who are Fungify's investors?
Fungify has 9 investors. Key investors include Anagram, Citizen X, Distributed Global, Infinity Ventures Crypto, and Taureon.
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