About ITSBLOC
ITSBLOC is a company based in Seoul (South Korea) founded in 2022.. ITSBLOC has raised $7.5 million across 2 funding rounds from investors including Vista Equity Partners, Nexus One and Edimus Capital. ITSBLOC operates in a competitive market with competitors including Dapper Labs, AirConsole, Jambo, Enjin and Miniclip, among others.
- Headquarter Seoul, South Korea
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Sectors
TechnologyMedia & Entertainment Financial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Itsbloc 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
$7.5 M (USD)
in 2 rounds
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Latest Funding Round
$100 K (USD), Token Sale
Sep 19, 2022
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Investors
Vista Equity Partners
& 4 more
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Employee Count
Employee Count
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Funding Insights of ITSBLOC
ITSBLOC has successfully raised a total of $7.5M across 2 strategic funding rounds. The most recent funding activity was a Token Sale round of $100 thousand completed in September 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 2
- Last Round Token Sale — $100,000
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First Round
First Round
(07 Sep 2022)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2022 | Amount | Token Sale - ITSBLOC | Valuation |
investors |
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| Sep, 2022 | Amount | Seed - ITSBLOC | Valuation | Vista Equity Partners , Nexus One |
| 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 ITSBLOC
ITSBLOC has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include Vista Equity Partners, Nexus One and Edimus Capital. 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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Investments are directed toward high-growth enterprise software and technology companies.
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Founded Year | Domain | Location | |
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Nexus One is engaged in professional crypto asset investment.
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Founded Year | Domain | Location | |
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Edimus Capital is focused on seed and early-stage investments.
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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 ITSBLOC
| 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 - ITSBLOC
| 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 |
Itsbloc Comparisons
Competitors of ITSBLOC
ITSBLOC 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 Dapper Labs, AirConsole, Jambo, Enjin and Miniclip, 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 |
Blockchain-based games developer for PC and console
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| domain | founded_year | HQ Location |
Smartphones are used as joysticks for browser-based multiplayer gaming.
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| domain | founded_year | HQ Location |
Web3 mobile infrastructure solutions are developed for a super app.
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| domain | founded_year | HQ Location |
Virtual assets are created via a blockchain-based gaming platform.
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| domain | founded_year | HQ Location |
Video game developer and publisher focusing on web and mobile games
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| domain | founded_year | HQ Location |
Blockchain-based NFT games are developed for strategy and role-playing genres.
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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 Itsbloc
Frequently Asked Questions about ITSBLOC
When was ITSBLOC founded?
ITSBLOC was founded in 2022.
Where is ITSBLOC located?
ITSBLOC is headquartered in Seoul, South Korea.
Who is the current CEO of ITSBLOC?
Byoungsu Kim is the current CEO of ITSBLOC.
Is ITSBLOC a funded company?
ITSBLOC is a funded company, having raised a total of $7.5M across 2 funding rounds to date. The company's 1st funding round was a Seed of $7.5M, raised on Sep 07, 2022.
What does ITSBLOC do?
Founded in 2022 in Seoul, South Korea, ITSBLOC functions as an online blockchain-based gaming platform within the NFT and blockchain sector. Cross-chain, cross-domain, and cross-verse solutions are provided to support an NFT gaming social ecosystem. Popular NFT games are explored by users, exclusive drops are received, and in-game NFT assetsincluding skins, land, and collectiblesare traded through a centralized social marketplace.
Who are the top competitors of ITSBLOC?
ITSBLOC's top competitors include Dapper Labs, AirConsole and Sky Mavis.
Who are ITSBLOC's investors?
ITSBLOC has 5 investors. Key investors include Vista Equity Partners, Nexus One, Edimus Capital, Atlas Capital Group, and Bull & Bear.