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
*********
- 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. 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 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 |
| 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 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. 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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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 |
| 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 Nuo
| 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 - Nuo
| 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 |
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. 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 |
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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| 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 Nuo
When was Nuo founded?
Nuo was founded in 2018.
Where is Nuo located?
Nuo is headquartered in Singapore, Singapore.
Is Nuo a funded company?
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.
What is the annual revenue of Nuo?
Annual revenue of Nuo is $2.42M as on Mar 31, 2024.
What does Nuo do?
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.
What products or services does Nuo offer?
Nuo offers DeFi on Ethereum, Bitcoin Exchange, and Nuo Explorer.
Who are Nuo's investors?
Nuo has 10 investors. Key investors include Polychain, DRAGONFLY, Astarc Ventures, Consensys Labs, and Singapore Angel Network.
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