About Nuo
Nuo is a company based in Singapore (Singapore) founded in 2018 by Varun Deshpande and Ratnesh Ray. It operates as a Blockchain-as-a-Service and Two-Sided Marketplace. Nuo has raised $3.25 million across 2 funding rounds from investors including Polychain, DRAGONFLY and Astarc Ventures. Nuo offers products and services including DeFi on Ethereum, Bitcoin Exchange, and Nuo Explorer. Nuo operates in a competitive market with competitors including Consensys, Luno, Uphold, Coins.ph and BlockFi, among others.
- Headquarter Singapore, Singapore
- Founders Varun Deshpande, Ratnesh Ray
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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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- Legal Name Nuo Capital Pte. Ltd.
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Annual Revenue
$2.42 M (USD)26as on Mar 31, 2024
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Net Profit
$224.6 K (USD)22as on Mar 31, 2024
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EBITDA
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Total Equity Funding
$3.25 M (USD)
in 2 rounds
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Latest Funding Round
$3 M (USD), Seed
Oct 09, 2019
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Investors
Polychain
& 9 more
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Employee Count
Employee Count
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Products & Services of Nuo
Nuo offers a comprehensive portfolio of products and services, including DeFi on Ethereum, Bitcoin Exchange, and Nuo Explorer.
Platform for lending and borrowing Ethereum assets provided.
Service for buying Bitcoin with fiat in Asia.
Tool for tracking transactions on Nuo Network offered.
Funding Insights of Nuo
Nuo has successfully raised a total of $3.25M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $3 million completed in October 2019. 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 2
- Last Round Seed — $3.0M
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First Round
First Round
(23 Mar 2018)
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2019 | Amount | Seed - Nuo | Valuation | Polychain , Surge | |
| Mar, 2018 | Amount | Angel Round - Nuo | Valuation | Amrish Rau |
Investors in Nuo
Nuo has secured backing from 10 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Polychain, DRAGONFLY and Astarc Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital and equity principal services are provided by Dragonfly.
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Founded Year | Domain | Location | |
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Startup acceleration and venture funding are provided by Consensys-backed entity.
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Founded Year | Domain | Location | |
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Seed-stage tech-focused VC firm investing in geographies such as Asia
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Founded Year | Domain | Location |
Investments & Acquisitions by Nuo
Financial Statements - Nuo
Nuo Comparisons
Competitors of Nuo
Nuo 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.
| 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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| domain | founded_year | HQ Location |
Mobile app for storing and trading cryptocurrencies is utilized.
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| domain | founded_year | HQ Location |
App-based wallet and exchange platform for cross-border money transfers
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| domain | founded_year | HQ Location |
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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Latest news on Nuo
Frequently Asked Questions about Nuo
Nuo was founded in 2018.
Nuo is headquartered in Singapore, Singapore.
Nuo is a funded company, having raised a total of $3.25M across 2 funding rounds to date. The company's 1st funding round was a Angel Round of $245.25K, raised on Mar 23, 2018.
Annual revenue of Nuo is $2.42M as on Mar 31, 2024.
A platform for managing digital assets like Bitcoin and Ethereum is operated. Services include lending, borrowing, margin trading, and swapping of ETH and ERC20 tokens through open-source smart contracts. Focus is placed on decentralized finance across Asia, with Bitcoin purchasing options in India. Partnerships with top exchanges are maintained to aggregate liquidity and ensure competitive pricing for digital assets.
Nuo offers DeFi on Ethereum, Bitcoin Exchange, and Nuo Explorer.
Nuo has 10 investors. Key investors include Polychain, DRAGONFLY, Astarc Ventures, Consensys Labs, and Singapore Angel Network.