About IOST
IOST is a company based in Singapore (Singapore) founded in 2017 by Sa Wang, Yannan Wang, Jimmy Zhong, and Ray Xiao.. IOST has raised $21 million across 1 funding round from investors including DWF Labs, PrestoDB and Rollman Management. IOST operates in a competitive market with competitors including Binance, Solana, Ankr, Mysten Labs and O(1) Labs, among others.
- Headquarter Singapore, Singapore
- Founders Sa Wang, Yannan Wang, Jimmy Zhong, Ray Xiao
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Infun Pte. Ltd
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$21 M (USD)
in 1 rounds
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Latest Funding Round
$21 M (USD), Series B
Jun 06, 2025
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Investors
DWF Labs
& 2 more
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Employee Count
Employee Count
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Funding Insights of IOST
IOST has successfully raised a total of $21M through 1 strategic funding round. The most recent funding activity was a Series B round of $21 million completed in June 2025. 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 B — $21.0M
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First Round
First Round
(06 Jun 2025)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2025 | Amount | Series B - IOST | Valuation | DWF Labs , PrestoDB |
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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 IOST
IOST has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include DWF Labs, PrestoDB and Rollman Management. 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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Venture capital firm investing in web3 technology startups
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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Open-source SQL engine for querying massive datasets across sources.
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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 IOST
| 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 - IOST
| 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 |
Iost Comparisons
Competitors of IOST
IOST 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 Binance, Solana, Ankr, Mysten Labs and O(1) Labs, 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 |
Online exchange platform for cryptocurrency
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| domain | founded_year | HQ Location |
Blockchain infrastructure for transactions and counting is provided by Solana.
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| domain | founded_year | HQ Location |
Web3-native infrastructure for blockchain development and decentralization is provided.
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| domain | founded_year | HQ Location |
Web3 infrastructure solutions are offered via a blockchain platform.
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| domain | founded_year | HQ Location |
Provider of a blockchain network
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| domain | founded_year | HQ Location |
Blockchain infrastructure is offered for financial application development.
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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 Iost
Frequently Asked Questions about IOST
When was IOST founded?
IOST was founded in 2017 and raised its 1st funding round 8 years after it was founded.
Where is IOST located?
IOST is headquartered in Singapore, Singapore.
Is IOST a funded company?
IOST is a funded company, having raised a total of $21M across 1 funding round to date. The company's 1st funding round was a Series B of $21M, raised on Jun 06, 2025.
What does IOST do?
IOST was founded in 2017 in Singapore as a blockchain platform focused on enterprise applications. Operations center on a Proof of Believability consensus mechanism, enabling secure smart contracts with key-value storage, inter-contract calls, and multi-signature support. Developers are supported in creating private test networks and operating testnet nodes, serving the blockchain sector for online infrastructure needs.
Who are the top competitors of IOST?
IOST's top competitors include Binance, Mysten Labs and Solana.
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