About Monad
Monad is a company based in Chicago (United States) founded in 2022 by Eunice Giarta, Keone Hon, and James Hunsaker.. Monad has raised $19 million across 1 funding round from investors including Shima Capital, Placeholder and Dragonfly Capital. Monad has completed 1 acquisition, including Portal. Monad offers products and services including Monad Blockchain, Developer Portal, and evm/accathon. Monad operates in a competitive market with competitors including Binance, Solana, Chain, Ankr and Mysten Labs, among others.
- Headquarter Chicago, United States
- Founders Eunice Giarta, Keone Hon, James Hunsaker
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
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- Legal Name Monad Labs, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$19 M (USD)
in 1 rounds
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Latest Funding Round
$19 M (USD), Seed
Feb 14, 2023
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Investors
Shima Capital
& 7 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Products & Services of Monad
Monad offers a comprehensive portfolio of products and services, including Monad Blockchain, Developer Portal, and evm/accathon. 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.
High-performance EVM-compatible network for scalable decentralized applications
Resources and documentation for building on Monad ecosystem
Event for innovative EVM developers to create blockchain projects
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Funding Insights of Monad
Monad has successfully raised a total of $19M through 1 strategic funding round. The most recent funding activity was a Seed round of $19 million completed in February 2023. 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 — $19.0M
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First Round
First Round
(14 Feb 2023)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2023 | Amount | Seed - Monad | Valuation | Dragonfly Capital |
| 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 Monad
Monad has secured backing from 8 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Shima Capital, Placeholder and Dragonfly 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 decentralized information networks by Placeholder.
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Founded Year | Domain | Location | |
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Venture capital investments are directed toward blockchain startups by Lemniscap.
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Founded Year | Domain | Location | |
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Dragonfly Capital is focused on investment banking for small-to-mid-size companies.
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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 Monad
Monad has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Portal. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Stablecoin finance infrastructure is provided for blockchain developers.
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2021 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Monad
| 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 |
Monad Comparisons
Competitors of Monad
Monad 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 Binance, Solana, Chain, Ankr and Mysten Labs, 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 |
Online exchange platform for cryptocurrency
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| domain | founded_year | HQ Location |
Blockchain infrastructure for transactions and counting is provided by Solana.
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| domain | founded_year | HQ Location |
Blockchain infrastructure is offered for financial application development.
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| domain | founded_year | HQ Location |
Web3-native infrastructure for blockchain development and decentralization is provided.
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| domain | founded_year | HQ Location |
Web3 infrastructure solutions are offered via a blockchain platform.
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| domain | founded_year | HQ Location |
Provider of a blockchain network
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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 Monad
Frequently Asked Questions about Monad
When was Monad founded?
Monad was founded in 2022 and raised its 1st funding round 1 year after it was founded.
Where is Monad located?
Monad is headquartered in Chicago, United States. It is registered at Chicago, Illinois, United States.
Who is the current CEO of Monad?
Keone Hon is the current CEO of Monad. They have also founded this company.
Is Monad a funded company?
Monad is a funded company, having raised a total of $19M across 1 funding round to date. The company's 1st funding round was a Seed of $19M, raised on Feb 14, 2023.
What does Monad do?
Monad was founded in 2022 and is headquartered in Chicago, United States. Operations focus on the blockchain sector, where investment opportunities are offered via a specialized platform. Services include access to blockchain-based assets for investors. The company is led by co-founders Eunice Giarta, Keone Hon as CEO, and James Hunsaker, with activities centered in the United States.
Who are the top competitors of Monad?
Monad's top competitors include Binance, Mysten Labs and Solana.
What products or services does Monad offer?
Monad offers Monad Blockchain, Developer Portal, and evm/accathon.
How many acquisitions has Monad made?
Monad has made 1 acquisition, including Portal.
Who are Monad's investors?
Monad has 8 investors. Key investors include Shima Capital, Placeholder, Dragonfly Capital, Lemniscap, and Finality Capital.
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