About MultiversX
MultiversX is a company based in Phillips (United States) founded in 2017 by Lucian Todea, Lucian Mincu, and Beniamin Mincu.. MultiversX has raised $16.9 million across 3 funding rounds from investors including Binance, Morningstar Ventures and Electric Capital. MultiversX has completed 1 acquisition, including Twispay. MultiversX offers products and services including EGLD Token, Staking Service, and dApp Building Tools. MultiversX operates in a competitive market with competitors including Consensys, Luno, Uphold, Coins.ph and BlockFi, among others.
- Headquarter Phillips, United States
- Founders Lucian Todea, Lucian Mincu, Beniamin Mincu
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Sectors
TechnologyFinancial 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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Products & Services of MultiversX
MultiversX offers a comprehensive portfolio of products and services, including EGLD Token, Staking Service, and dApp Building Tools. 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.
Native token for transactions, staking, and network security on blockchain
Allows users to secure network and earn rewards through proof-of-stake
Enables creation of decentralized applications with WASM support
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Funding Insights of MultiversX
MultiversX has successfully raised a total of $16.9M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $15 million completed in October 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 3
- Last Round Series A — $15.0M
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First Round
First Round
(19 Jun 2019)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Oct, 2021 | Amount | Series A - MultiversX | Valuation | Morningstar Ventures |
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| Jul, 2019 | Amount | Token Sale - MultiversX | Valuation |
investors |
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| Jun, 2019 | Amount | Seed - MultiversX | Valuation | Electric Capital , NGC |
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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 |
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Investors in MultiversX
MultiversX has secured backing from 6 investors, including venture fund and institutional investors. Prominent investors backing the company include Binance, Morningstar Ventures and Electric 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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Morningstar Ventures is engaged in digital asset and blockchain investments.
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Cryptocurrency investment firm
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Blockchain-based startups are funded by NGC venture capital 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 MultiversX
MultiversX has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Twispay. 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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API-linked payment gateway is offered for merchants' card transactions.
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2016 |
| 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 - MultiversX
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Multiversx Comparisons
Competitors of MultiversX
MultiversX 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 Consensys, Luno, Uphold, Coins.ph and BlockFi, 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 |
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| domain | founded_year | HQ Location |
Developer of blockchain and web3 software platform
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Mobile app for storing and trading cryptocurrencies is utilized.
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App-based wallet and exchange platform for cross-border money transfers
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Digital wallet for Bitcoin assets
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| domain | founded_year | HQ Location |
Crypto trading, loans, interest accounts, and wallets are offered online.
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| domain | founded_year | HQ Location |
App-based trading and deposit solutions for cryptocurrency are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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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 Multiversx
Frequently Asked Questions about MultiversX
When was MultiversX founded?
MultiversX was founded in 2017 and raised its 1st funding round 2 years after it was founded.
Where is MultiversX located?
MultiversX is headquartered in Phillips, United States. It is registered at Phillips, Wisconsin, United States.
Who is the current CEO of MultiversX?
Beniamin Mincu is the current CEO of MultiversX. They have also founded this company.
Is MultiversX a funded company?
MultiversX is a funded company, having raised a total of $16.9M across 3 funding rounds to date. The company's 1st funding round was a Seed of $1.9M, raised on Jun 19, 2019.
What does MultiversX do?
MultiversX was founded in 2017 and is headquartered in Phillips, United States. A decentralized blockchain network is maintained to support various applications for users and businesses within the cryptocurrency sector. Services provided encompass crypto payment acceptance, fiat currency handling at competitive rates, an exchange protocol for swapping multiple cryptocurrencies, and a platform for showcasing NFT albums and art. Operations focus on secure and scalable blockchain infrastructure.
Who are the top competitors of MultiversX?
What products or services does MultiversX offer?
MultiversX offers EGLD Token, Staking Service, and dApp Building Tools.
How many acquisitions has MultiversX made?
MultiversX has made 1 acquisition, including Twispay.
Who are MultiversX's investors?
MultiversX has 6 investors. Key investors include Binance, Morningstar Ventures, Electric Capital, NGC, and Maven 11.
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