About Gridless
Gridless is a company based in Nairobi (Kenya) founded in 2022 by Philip Walton.. Gridless has raised $2 million across 2 funding rounds from investors including Block, Stillmark and Factor[e] Ventures. Gridless offers products and services including Gridless OS. Gridless operates in a competitive market with competitors including Argo Blockchain, Arkon Energy, Mawson Infrastructure Group, TeraWulf and Stronghold Digital Mining, among others.
- Headquarter Nairobi, Kenya
- Founders Philip Walton
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Sectors
TechnologyFinancial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Gridless 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
$2 M (USD)
in 2 rounds
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Latest Funding Round
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Investors
Block
& 2 more
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Employee Count
Employee Count
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Products & Services of Gridless
Gridless offers a comprehensive portfolio of products and services, including Gridless OS. 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.
Real-time optimization system for Bitcoin mining on mini-grids.
Funding Insights of Gridless
Gridless has successfully raised a total of $2M 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
(06 Dec 2022)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2022 | Amount | Seed - Gridless | Valuation | Block , Stillmark | |
| Dec, 2022 | Amount | Angel Round - Gridless | Valuation | Factor[e] Ventures |
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| 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 Gridless
Gridless has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include Block, Stillmark and Factor[e] Ventures. 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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Early-stage tech and energy focused venture capital firm funding companies in the US, Europe and Africa
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Founded Year | Domain | Location | |
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Technology for economic empowerment is built by Block.
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Founded Year | Domain | Location | |
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Venture capital is offered to Bitcoin technology companies by Stillmark.
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Founded Year | Domain | Location |
![Factor[e] Ventures logo](https://img.thecompanycheck.com/b/factore_logo.webp){kind=logo}
| 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 Gridless
| 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 - Gridless
| 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 |
Gridless Comparisons
Competitors of Gridless
Gridless 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 Argo Blockchain, Arkon Energy, Mawson Infrastructure Group, TeraWulf and Stronghold Digital Mining, 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 |
Sustainable Bitcoin mining and blockchain development solutions are provided.
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| domain | founded_year | HQ Location |
Sustainable Bitcoin mining is powered by excess renewable energy.
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| domain | founded_year | HQ Location |
Digital asset mining infrastructure and hosting services are offered.
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| domain | founded_year | HQ Location |
Sustainable cryptocurrency mining is facilitated via an online platform.
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| domain | founded_year | HQ Location |
Crypto mining is powered by energy from coal refuse conversion.
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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 Gridless
Frequently Asked Questions about Gridless
When was Gridless founded?
Gridless was founded in 2022.
Where is Gridless located?
Gridless is headquartered in Nairobi, Kenya.
Is Gridless a funded company?
Gridless is a funded company, having raised a total of $2M across 2 funding rounds to date. The company's 1st funding round was a Seed of $2M, raised on Dec 06, 2022.
What does Gridless do?
Gridless was established in 2022 in Nairobi, Kenya, within the cryptocurrency sector. Bitcoin mining solutions are delivered through the platform, with emphasis placed on sustainable practices for crypto mining operations. Services encompass efficient mining infrastructure tailored for the industry. The company is headquartered in Kenya and led by co-founder Philip Walton, supporting regional crypto activities.
Who are the top competitors of Gridless?
Gridless's top competitors include Argo Blockchain, TeraWulf and Mawson Infrastructure Group.
What products or services does Gridless offer?
Gridless offers Gridless OS.
Who are Gridless's investors?
Gridless has 3 investors. Key investors include Block, Stillmark, and Factor[e] Ventures.
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