About Giddy
Giddy is a company based in Draper (United States) founded in 2021 by David Bland. It operates as a FinTech, and Product-as-a-Service. Giddy has raised $14.9 million across 2 funding rounds from investors including Pelion Venture Partners, Peak Capital and Clarke Capital Partners. Giddy offers products and services including Giddy Wallet and DeFi Staking. Giddy operates in a competitive market with competitors including KuCoin, Coinsquare, Kraken, Bitso and Coinbase, among others.
- Headquarter Draper, United States
- Founders David Bland
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Defiq, Inc. Dba Giddy
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$14.9 M (USD)
in 2 rounds
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Latest Funding Round
$6.9 M (USD), Seed
Apr 27, 2023
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Investors
Pelion Venture Partners
& 17 more
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Employee Count
Employee Count
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Products & Services of Giddy
Giddy offers a comprehensive portfolio of products and services, including Giddy Wallet and DeFi Staking. 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.
A self-custody wallet for managing crypto assets securely.
Staking services are provided for earning passive crypto income.
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Funding Insights of Giddy
Giddy has successfully raised a total of $14.9M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $6.9 million completed in April 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 2
- Last Round Seed — $6.9M
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First Round
First Round
(14 Jan 2022)
- Investors Count 18
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2023 | Amount | Seed - Giddy | Valuation | Peak Capital , Clarke Capital Partners | |
| Jan, 2022 | Amount | Seed - Giddy | Valuation | Pelion Venture Partners |
| 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 Giddy
Giddy has secured backing from 18 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Pelion Venture Partners, Peak Capital and Clarke Capital Partners. 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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US focused early-stage VC firm
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Founded Year | Domain | Location | |
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Investment expertise is utilized by Clarke Capital Partners to grow businesses.
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Founded Year | Domain | Location | |
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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 Giddy
| 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 - Giddy
| 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 |
Giddy Comparisons
Competitors of Giddy
Giddy 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 KuCoin, Coinsquare, Kraken, Bitso and Coinbase, 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.
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|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cryptocurrencies are bought, sold, and traded via this exchange platform.
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Digital assets are bought, sold, and traded on Coinsquare.
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| domain | founded_year | HQ Location |
Provider of an app-based trading and exchange platform for cryptocurrency
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| domain | founded_year | HQ Location |
Cryptocurrencies are traded and exchanged through an online platform.
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| domain | founded_year | HQ Location |
Cryptocurrency trading, storage, and exchange services are offered online.
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| domain | founded_year | HQ Location |
Online robo advisory and stock trading services are provided.
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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 Giddy
Frequently Asked Questions about Giddy
When was Giddy founded?
Giddy was founded in 2021 and raised its 1st funding round 1 year after it was founded.
Where is Giddy located?
Giddy is headquartered in Draper, United States. It is registered at Draper, Utah, United States.
Is Giddy a funded company?
Giddy is a funded company, having raised a total of $14.9M across 2 funding rounds to date. The company's 1st funding round was a Seed of $8M, raised on Jan 14, 2022.
What does Giddy do?
Giddy is engaged in offering a self-custody smart wallet for cryptocurrency management. The platform enables users to buy, send, trade, and earn crypto through decentralized finance (DeFi) protocols. Solutions are designed to simplify access to sophisticated DeFi strategies, allowing users to earn passive income by acting as lenders on the blockchain. The company operates in the cryptocurrency and financial technology sector, targeting both novice and experienced investors seeking accessible DeFi tools.
What products or services does Giddy offer?
Giddy offers Giddy Wallet and DeFi Staking.
Who are Giddy's investors?
Giddy has 18 investors. Key investors include Pelion Venture Partners, Peak Capital, Clarke Capital Partners, Blake Murray, and Derek White.