About Keyrock
Keyrock is a company based in Brussels (Belgium) founded in 2017 by Jeremy De Groodt, Juan David Mendieta Villegas, and Kevin De Patoul.. Keyrock has raised $79.39 million across 4 funding rounds from investors including Ripple, SIX and MiddleGame Ventures. Keyrock operates in a competitive market with competitors including Wintermute, Flowdesk, Portofino Technologies, CoinAlpha and Jumbo.Exchange, among others.
- Headquarter Brussels, Belgium
- Founders Jeremy De Groodt, Juan David Mendieta Villegas, Kevin De Patoul
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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
$10.9 M (USD)-3as on Dec 31, 2022
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Net Profit
$-1.34 M (USD)-121as on Dec 31, 2022
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EBITDA
$-1.34 M (USD)-120as on Dec 31, 2022
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Total Equity Funding
$79.39 M (USD)
in 4 rounds
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Latest Funding Round
$72 M (USD), Series B
Nov 30, 2022
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Investors
Ripple
& 5 more
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Employee Count
Employee Count
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Software Development Team
17 people
Product Management Team
4 people
Human Resources and Administration
4 people
Senior Team
3 people
Leadership Team
3 people
Rust Team
3 people
Data Analysis and Operations Team
3 people
Legal and Compliance
2 people
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Funding Insights of Keyrock
Keyrock has successfully raised a total of $79.39M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $72 million completed in November 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 4
- Last Round Series B — $72.0M
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First Round
First Round
(26 Apr 2018)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2022 | Amount | Series B - Keyrock | Valuation | SIX | |
| Oct, 2020 | Amount | Series A - Keyrock | Valuation | MiddleGame Ventures , SIX | |
| Jun, 2019 | Amount | Seed - Keyrock | 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 Keyrock
Keyrock has secured backing from 6 investors, including institutional and venture fund investors. Prominent investors backing the company include Ripple, SIX and MiddleGame 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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Venture capital investments are directed toward early-stage fintech startups.
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Founded Year | Domain | Location | |
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Volta Ventures is focused on investing in B2B SaaS startups.
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Founded Year | Domain | Location | |
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Venture debt is provided to tech start-ups based in Belgium.
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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 Keyrock
| 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 - Keyrock
| 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 |
Keyrock Comparisons
Competitors of Keyrock
Keyrock 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 Wintermute, Flowdesk, Portofino Technologies, CoinAlpha and Jumbo.Exchange, 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 |
Crypto-based algorithmic market maker for digital assets
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| domain | founded_year | HQ Location |
Crypto liquidity pool for digital assets marketplace
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| domain | founded_year | HQ Location |
Financial infrastructure technology is provided to enable digital asset adoption.
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| domain | founded_year | HQ Location |
Crypto funds are operated on blockchain by CoinAlpha.
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| domain | founded_year | HQ Location |
Online platform offering an AMM DEX
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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 Keyrock
Frequently Asked Questions about Keyrock
When was Keyrock founded?
Keyrock was founded in 2017 and raised its 1st funding round 1 year after it was founded.
Where is Keyrock located?
Keyrock is headquartered in Brussels, Belgium. It is registered at Brussels, Brussels-capital Region, Belgium.
Who is the current CEO of Keyrock?
Kevin De Patoul is the current CEO of Keyrock. They have also founded this company.
Is Keyrock a funded company?
Keyrock is a funded company, having raised a total of $79.39M across 4 funding rounds to date. The company's 1st funding round was a Seed of $1.23M, raised on Apr 26, 2018.
What is the annual revenue of Keyrock?
Annual revenue of Keyrock is $10.9M as on Dec 31, 2022.
What does Keyrock do?
Provides tailored liquidity solutions for digital assets. They offer market making services across major exchanges, optimizing liquidity and providing fairer pricing. Their OTC trading solutions cater to various asset sizes and offer highly competitive quotes. An options desk provides customized structures for hedging, yield enhancement, and diversification. Treasury solutions help optimize treasuries using options to achieve financial goals. The firm also manages liquidity pools and develops ecosystems, including NFT liquidity. They support institutions and foundations in navigating the tokenized economy.
Who are the top competitors of Keyrock?
Keyrock's top competitors include Wintermute, Flowdesk and Portofino Technologies.
Who are Keyrock's investors?
Keyrock has 6 investors. Key investors include Ripple, SIX, MiddleGame Ventures, Volta Ventures, and Seeder Fund.
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