About RaceFi
RaceFi is a company based in Vietnam founded in 2021.. RaceFi has raised $2.9 million across 2 funding rounds from investors including Polaris Industries, Good Games Guild and ENJINSTARTER. RaceFi operates in a competitive market with competitors including InfiniGods, WAM, Round Labs, Gunstar and Monsta Infinite, among others.
- Headquarter Vietnam
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Sectors
Financial ServicesMedia & Entertainment 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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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$2.9 M (USD)
in 2 rounds
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Latest Funding Round
$495 K (USD), Token Sale
Dec 09, 2021
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Investors
Polaris Industries
& 20 more
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Employee Count
Employee Count
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Funding Insights of RaceFi
RaceFi has successfully raised a total of $2.9M across 2 strategic funding rounds. The most recent funding activity was a Token Sale round of $495 thousand completed in December 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 2
- Last Round Token Sale — $495,000
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First Round
First Round
(02 Dec 2021)
- Investors Count 21
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2021 | Amount | Token Sale - RaceFi | Valuation |
investors |
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| Dec, 2021 | Amount | Seed - RaceFi | Valuation | Exnetwork 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 RaceFi
RaceFi has secured backing from 21 investors, including venture fund and institutional investors. Prominent investors backing the company include Polaris Industries, Good Games Guild and ENJINSTARTER. 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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Early-stage blockchain projects are targeted for investment by Genblock Capital.
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Founded Year | Domain | Location | |
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Venture capital-backed accelerator focused on crypto-based startups
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Founded Year | Domain | Location | |
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Blockchain advisory and investment services are provided by X21 Digital.
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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 RaceFi
| 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 - RaceFi
| 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 |
Racefi Comparisons
Competitors of RaceFi
RaceFi 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 InfiniGods, WAM, Round Labs, Gunstar and Monsta Infinite, 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 |
Blockchain-based web3 strategy and battle games are developed.
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| domain | founded_year | HQ Location |
Play-to-earn gaming platform is provided for user engagement and rewards.
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| domain | founded_year | HQ Location |
Online platform offering cryptocurrency based arcade and financial games
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| domain | founded_year | HQ Location |
Provider of a blockchain-based play-to-earn game for mobile and PC
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| domain | founded_year | HQ Location |
Blockchain-based NFT card game is provided for decentralized play-to-earn experiences.
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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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Latest news on Racefi
Frequently Asked Questions about RaceFi
When was RaceFi founded?
RaceFi was founded in 2021.
Where is RaceFi located?
RaceFi is headquartered in Vietnam.
Is RaceFi a funded company?
RaceFi is a funded company, having raised a total of $2.9M across 2 funding rounds to date. The company's 1st funding round was a Seed of $2.9M, raised on Dec 02, 2021.
What does RaceFi do?
Provider of an AI and blockchain-based fantasy car racing platform. It offers a fantasy car racing platform that enables players to build a racing community and participate in events. Its features include multiple games and race modes, leaderboard view, reward and contract management.
Who are the top competitors of RaceFi?
RaceFi's top competitors include InfiniGods, Gunstar and Round Labs.
Who are RaceFi's investors?
RaceFi has 21 investors. Key investors include Polaris Industries, Good Games Guild, ENJINSTARTER, Shima Capital, and RazrFi.