About NEAR Protocol
NEAR Protocol is a company based in Zug (Switzerland) founded in 2017 by Alexander Skidanov and Illia Polosukhin.. NEAR Protocol has raised $542.29 million across 8 funding rounds from investors including Blockchain, Coinbase and Amber Group. NEAR Protocol offers products and services including NEAR Blockchain and Developer Tools. NEAR Protocol operates in a competitive market with competitors including Solana, Ankr, Mysten Labs, O(1) Labs and DFINITY, among others.
- Headquarter Zug, Switzerland
- Founders Alexander Skidanov, Illia Polosukhin
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Sectors
Technology
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Email
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Phone
*********
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Website
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Social
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- Legal Name Near 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
$542.29 M (USD)
in 8 rounds
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Latest Funding Round
$5 M (USD), Series D
May 10, 2022
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Investors
Blockchain
& 40 more
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Employee Count
Employee Count
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Products & Services of NEAR Protocol
NEAR Protocol offers a comprehensive portfolio of products and services, including NEAR Blockchain and Developer 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.
Platform for scalable AI and Web3 app development
Tools for building applications on NEAR using Javascript
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Funding Insights of NEAR Protocol
NEAR Protocol has successfully raised a total of $542.29M across 8 strategic funding rounds. The most recent funding activity was a Series D round of $5 million completed in May 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 8
- Last Round Series D — $5.0M
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First Round
First Round
(19 Jul 2017)
- Investors Count 41
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2022 | Amount | Series D - NEAR Protocol | Valuation |
investors |
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| Apr, 2022 | Amount | Series D - NEAR Protocol | Valuation | Tiger Global Management | |
| Jan, 2022 | Amount | Series C - NEAR Protocol | Valuation | a16z , Pantera 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 NEAR Protocol
NEAR Protocol has secured backing from 41 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Blockchain, Coinbase and Amber Group. 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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Investment strategies and blockchain ecosystems are offered via a platform.
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Founded Year | Domain | Location | |
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Venture and private equity investments are managed with global diversification.
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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 NEAR Protocol
| 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 - NEAR Protocol
| 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 |
Near Protocol Comparisons
Competitors of NEAR Protocol
NEAR 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 Solana, Ankr, Mysten Labs, O(1) Labs and DFINITY, 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 |
Blockchain infrastructure for transactions and counting is provided by Solana.
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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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| domain | founded_year | HQ Location |
A blockchain-based public network is operated for decentralized application development.
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| domain | founded_year | HQ Location |
Blockchain infrastructure is offered for financial application development.
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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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| 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 Near Protocol
Frequently Asked Questions about NEAR Protocol
When was NEAR Protocol founded?
NEAR Protocol was founded in 2017.
Where is NEAR Protocol located?
NEAR Protocol is headquartered in Zug, Switzerland. It is registered at Zug, Zug, Switzerland.
Is NEAR Protocol a funded company?
NEAR Protocol is a funded company, having raised a total of $542.29M across 8 funding rounds to date. The company's 1st funding round was a Series C of $150M, raised on Jul 19, 2017.
What does NEAR Protocol do?
Public blockchain network platform. The solution is a scalable smart contract platform that supports decentralized applications of any kind and enables the developers to build, test, and deploy applications that permissionless handle a wide range of digital assets.
Who are the top competitors of NEAR Protocol?
NEAR Protocol's top competitors include Mysten Labs, Solana and O(1) Labs.
What products or services does NEAR Protocol offer?
NEAR Protocol offers NEAR Blockchain and Developer Tools.
Who are NEAR Protocol's investors?
NEAR Protocol has 41 investors. Key investors include Blockchain, Coinbase, Amber Group, FTX, and Zee5.
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