About Jet Protocol
Jet Protocol is a company based in Brooklyn (United States) founded in 2021 was acquired by Blueprint Finance in October 2024.. Jet Protocol has raised $6.85 million across 2 funding rounds from investors including Solana, AscendEX and Blueprint Finance. Jet Protocol operates in a competitive market with competitors including Airfox, Liquity, Meow, Scallop and hoseki, among others.
- Headquarter Brooklyn, United States
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Sectors
Financial Services
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Email
***********
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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
$6.85 M (USD)
in 2 rounds
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Latest Funding Round
$6.85 M (USD), Series A
Dec 06, 2021
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Investors
Solana
& 8 more
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Employee Count
Employee Count
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Acquired by
Blueprint Finance
(Oct 29, 2024)
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Funding Insights of Jet Protocol
Jet Protocol has successfully raised a total of $6.85M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $6.85 million completed in December 2021. 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 Series A — $6.8M
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First Round
First Round
(13 Oct 2021)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2021 | Amount | Series A - Jet Protocol | Valuation |
investors |
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| Oct, 2021 | Amount | Token Sale - Jet Protocol | Valuation |
investors |
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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 Jet Protocol
Jet Protocol has secured backing from 9 investors, including venture fund and institutional investors. Prominent investors backing the company include Solana, AscendEX and Blueprint Finance. 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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Reciprocal Ventures is focused on investing in crypto founders.
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Founded Year | Domain | Location | |
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Venture capital investments are directed toward crypto-assets and Web3 businesses.
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Founded Year | Domain | Location | |
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Growth-stage investments are focused on by Republic Capital venture firm.
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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 Jet Protocol
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
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 - Jet Protocol
| 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 |
Jet Protocol Comparisons
Competitors of Jet Protocol
Jet Protocol 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 Airfox, Liquity, Meow, Scallop and hoseki, 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 mobile wallet for recharges and loans is offered.
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| domain | founded_year | HQ Location |
Decentralized interest-free loans against Ether are offered in stablecoins.
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| domain | founded_year | HQ Location |
High-interest business banking services are provided to companies.
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| domain | founded_year | HQ Location |
DeFi protocol for lending and borrowing on the Sui blockchain
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| domain | founded_year | HQ Location |
Online crypto-focused lending platform for individuals
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| domain | founded_year | HQ Location |
A decentralized protocol for cryptocurrency lending and borrowing is operated.
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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 Jet Protocol
Frequently Asked Questions about Jet Protocol
When was Jet Protocol founded?
Jet Protocol was founded in 2021.
Where is Jet Protocol located?
Jet Protocol is headquartered in Brooklyn, United States. It is registered at Brooklyn, New York, United States.
Is Jet Protocol a funded company?
Jet Protocol is a funded company, having raised a total of $6.85M across 2 funding rounds to date. The company's 1st funding round was a Token Sale of $160K, raised on Oct 13, 2021.
What does Jet Protocol do?
Jet was founded in 2021 and is headquartered in Brooklyn, United States. As a decentralized finance protocol on the Solana blockchain, supported tokens are deposited by users into shared liquidity pools. These pools facilitate loans in various assets, allowing borrowing against collateral. Operations focus on efficient, permissionless access to lending and borrowing services within the blockchain ecosystem.
Who are the top competitors of Jet Protocol?
Who are Jet Protocol's investors?
Jet Protocol has 9 investors. Key investors include Solana, AscendEX, Blueprint Finance, Reciprocal Ventures, and Paradigm.