About Itheum
Itheum is a company based in Road Town (British Virgin Islands) founded in 2016 by Mark Paul.. Itheum has raised $5.5 million across 3 funding rounds from investors including MultiversX, Mechanism Capital and Ascensive Assets. Itheum offers products and services including Sigma Music App, Data NFT, Itheum Enterprise SDK, and NFMe ID. Itheum operates in a competitive market with competitors including Kraken, Rarible, Crossmint, Digital Entertainment Asset and Metaplex, among others.
- Headquarter Road Town, British Virgin Islands
- Founders Mark Paul
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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
$5.5 M (USD)
in 3 rounds
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Latest Funding Round
$6 M (USD), Token Sale
Mar 28, 2022
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Investors
MultiversX
& 8 more
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Employee Count
Employee Count
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Products & Services of Itheum
Itheum offers a comprehensive portfolio of products and services, including Sigma Music App, Data NFT, Itheum Enterprise SDK, and NFMe ID. 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.
App for tokenizing and curating music using AI data.
Tool to convert data into tradable NFTs for ownership.
SDK for building custom data experiences on blockchain.
Digital passport for metaverse data and reputation tracking.
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Software Development Team
3 people
Ambassador Team
1 people
Leadership Team
1 people
Sales and Marketing
1 people
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Funding Insights of Itheum
Itheum has successfully raised a total of $5.5M across 3 strategic funding rounds. The most recent funding activity was a Token Sale round of $6 million completed in March 2022. 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 3
- Last Round Token Sale — $6.0M
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First Round
First Round
(11 Jan 2022)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2022 | Amount | Token Sale - Itheum | Valuation |
investors |
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| Mar, 2022 | Amount | Series A - Itheum | Valuation | MultiversX , Mechanism Capital | |
| Jan, 2022 | Amount | Seed - Itheum | Valuation | Morningstar 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 Itheum
Itheum has secured backing from 9 investors, including institutional and venture fund investors. Prominent investors backing the company include MultiversX, Mechanism Capital and Ascensive Assets. 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 incubated by venture capital-backed firm.
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Founded Year | Domain | Location | |
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Woodstock is engaged in investing in Web 3.0 technologies.
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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 Itheum
| 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 - Itheum
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Itheum Comparisons
Competitors of Itheum
Itheum 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 Kraken, Rarible, Crossmint, Digital Entertainment Asset and Metaplex, 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 |
Provider of an app-based trading and exchange platform for cryptocurrency
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| domain | founded_year | HQ Location |
Blockchain-based digital art is traded via an online marketplace.
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| domain | founded_year | HQ Location |
NFTs are created, sold, and distributed via an online platform.
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| domain | founded_year | HQ Location |
Online marketplace platform to buy and sell NFTs
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| domain | founded_year | HQ Location |
NFT marketplaces are developed on the Solana blockchain platform.
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| domain | founded_year | HQ Location |
Web3 products and NFT platforms are built for cultural assets.
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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 Itheum
Frequently Asked Questions about Itheum
When was Itheum founded?
Itheum was founded in 2016 and raised its 1st funding round 6 years after it was founded.
Where is Itheum located?
Itheum is headquartered in Road Town, British Virgin Islands.
Who is the current CEO of Itheum?
Mark Paul is the current CEO of Itheum. They have also founded this company.
Is Itheum a funded company?
Itheum is a funded company, having raised a total of $5.5M across 3 funding rounds to date. The company's 1st funding round was a Seed of $1.5M, raised on Jan 11, 2022.
What does Itheum do?
Itheum was established in 2016 and is headquartered in Road Town, British Virgin Islands. Operations focus on the blockchain sector, where a multi-chain data brokerage platform is maintained for developers. Application development tools are supplied to enable the creation of apps that produce structured personal data and insights. A toolkit for data collection and analytics is also made available to support user activities in this domain.
Who are the top competitors of Itheum?
What products or services does Itheum offer?
Itheum offers Sigma Music App, Data NFT, Itheum Enterprise SDK, and NFMe ID.
Who are Itheum's investors?
Itheum has 9 investors. Key investors include MultiversX, Mechanism Capital, Ascensive Assets, Skynet EGLD Capital, and MHC Digital Finance.