About MilkyWay
MilkyWay is a company based in Seoul (South Korea) founded in 2023 by Josie Leung.. MilkyWay has raised $5 million across 1 funding round from investors including Binance, CRYPTO and Polychain. MilkyWay offers products and services including Liquid Staking and Restaking Protocol. MilkyWay operates in a competitive market with competitors including CyberConnect, Lido, Stader, Kiln and EigenLayer, among others.
- Headquarter Seoul, South Korea
- Founders Josie Leung
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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 M (USD)
in 1 rounds
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Latest Funding Round
$5 M (USD), Seed
Apr 30, 2024
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Investors
Binance
& 7 more
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Employee Count
Employee Count
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Products & Services of MilkyWay
MilkyWay offers a comprehensive portfolio of products and services, including Liquid Staking and Restaking Protocol. 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.
Enables staking of assets like TIA for rewards and liquidity.
Facilitates restaking to boost yields across DeFi ecosystems.
Funding Insights of MilkyWay
MilkyWay has successfully raised a total of $5M through 1 strategic funding round. The most recent funding activity was a Seed round of $5 million completed in April 2024. 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 Seed — $5.0M
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First Round
First Round
(30 Apr 2024)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2024 | Amount | Seed - MilkyWay | Valuation | Binance , Polychain |
| 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 MilkyWay
MilkyWay has secured backing from 8 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Binance, CRYPTO and Polychain. 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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Web3 venture capital firm partnering on blockchain projects.
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Founded Year | Domain | Location | |
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LongHash Ventures is focused on bootstrapping Web3 ecosystems.
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Founded Year | Domain | Location | |
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Online exchange platform for cryptocurrency
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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 MilkyWay
| 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 - MilkyWay
| 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 |
Milkyway Comparisons
Competitors of MilkyWay
MilkyWay 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 CyberConnect, Lido, Stader, Kiln and EigenLayer, 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 |
Web3 social network platform
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| domain | founded_year | HQ Location |
Non-custodial staking for Ethereum and other cryptocurrencies is facilitated.
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| domain | founded_year | HQ Location |
Staking solutions for cryptocurrencies are provided via an online platform.
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| domain | founded_year | HQ Location |
Provider of cryptocurrency staking solutions
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| domain | founded_year | HQ Location |
Platform offering a set of smart contracts on Ethereum
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| domain | founded_year | HQ Location |
Liquid staking protocol
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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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Frequently Asked Questions about MilkyWay
When was MilkyWay founded?
MilkyWay was founded in 2023 and raised its 1st funding round 1 year after it was founded.
Where is MilkyWay located?
MilkyWay is headquartered in Seoul, South Korea.
Is MilkyWay a funded company?
MilkyWay is a funded company, having raised a total of $5M across 1 funding round to date. The company's 1st funding round was a Seed of $5M, raised on Apr 30, 2024.
What does MilkyWay do?
MilkyWay was founded in 2023 in Seoul, South Korea, as a cryptocurrency liquid staking platform. Operations focus on enabling staking for Celestias TIA coins, with on-chain rewards provided to users. Services extend to multiple blockchains and validators, allowing seamless participation in staking activities within the decentralized finance sector. The platform supports user access to liquidity while maintaining staked assets.
Who are the top competitors of MilkyWay?
MilkyWay's top competitors include Lido, Kiln and EigenLayer.
What products or services does MilkyWay offer?
MilkyWay offers Liquid Staking and Restaking Protocol.
Who are MilkyWay's investors?
MilkyWay has 8 investors. Key investors include Binance, CRYPTO, Polychain, Hack VC, and LongHash Ventures.