About Optimism
Optimism is a company based in New York (United States) founded in 2019 by Kevin Ho, Jinglan Wang, Karl Floersch, and Benjamin Jones.. Optimism has raised $175 million across 2 funding rounds from investors including Paradigm and Andreessen Horowitz. Optimism offers products and services including OP Stack, Superchain, and Bridge. Optimism operates in a competitive market with competitors including Offchain Labs, Metis, Fuel Labs, Arbitrum and Morph, among others.
- Headquarter New York, United States
- Founders Kevin Ho, Jinglan Wang, Karl Floersch, Benjamin Jones
- Stage Unicorn
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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 Optimism Pbc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$175 M (USD)
in 2 rounds
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Latest Funding Round
$150 M (USD), Series B
Mar 16, 2022
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Investors
Paradigm
& 1 more
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Employee Count
Employee Count
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Products & Services of Optimism
Optimism offers a comprehensive portfolio of products and services, including OP Stack, Superchain, and Bridge. 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.
Open-source toolkit for building Ethereum Layer 2 chains.
Composable network supporting scalable blockchain activity.
Platform for connecting blockchains and enabling transactions.
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Funding Insights of Optimism
Optimism has successfully raised a total of $175M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $150 million completed in March 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 2
- Last Round Series B — $150.0M
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First Round
First Round
(24 Feb 2021)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Mar, 2022 | Amount | Series B - Optimism | Valuation | Paradigm , a16z |
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| Feb, 2021 | Amount | Series A - Optimism | Valuation | a16z |
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| 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 |
Investors in Optimism
Optimism has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Paradigm and Andreessen Horowitz. 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 investments are directed toward crypto-assets and Web3 businesses.
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Founded Year | Domain | Location | |
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Venture capital investments in technology sectors are handled by Andreessen Horowitz.
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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 Optimism
| 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 - Optimism
| 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 |
Optimism Comparisons
Competitors of Optimism
Optimism 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 Offchain Labs, Metis, Fuel Labs, Arbitrum and Morph, 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 |
Solutions for Ethereum smart contracts are developed and customized.
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| domain | founded_year | HQ Location |
Blockchain platform is utilized for developing and launching decentralized applications.
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| domain | founded_year | HQ Location |
Blockchain scaling and development solutions are delivered for decentralized applications.
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| domain | founded_year | HQ Location |
Blockchain applications for fintech are enabled on a decentralized network.
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| domain | founded_year | HQ Location |
A consumer finance layer is offered by Morph.
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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 Optimism
Frequently Asked Questions about Optimism
When was Optimism founded?
Optimism was founded in 2019 and raised its 1st funding round 2 years after it was founded.
Where is Optimism located?
Optimism is headquartered in New York, United States. It is registered at New York, New York, United States.
Who is the current CEO of Optimism?
Jinglan Wang is the current CEO of Optimism. They have also founded this company.
Is Optimism a funded company?
Optimism is a funded company, having raised a total of $175M across 2 funding rounds to date. The company's 1st funding round was a Series A of $25M, raised on Feb 24, 2021.
What does Optimism do?
Optimism was founded in 2019 and is headquartered in New York, United States. As a blockchain platform in the cryptocurrency sector, it facilitates optimistic rollups for executing smart contracts on the Ethereum network. Transactions are handled via integrated smart contracts and wallet software designed to enhance fraud proof mechanisms. The OP token serves governance functions and is traded on multiple exchanges.
Who are the top competitors of Optimism?
Optimism's top competitors include Metis, Fuel Labs and Offchain Labs.
What products or services does Optimism offer?
Optimism offers OP Stack, Superchain, and Bridge.
Who are Optimism's investors?
Optimism has 2 investors. Key investors include Paradigm, and Andreessen Horowitz.
What is Optimism's valuation?
The valuation of Optimism is $1.65B as of Mar 2022.
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