About Reef
Reef is a company based in Dubai (United Arab Emirates) founded in 2020 by Denko Mancheski. It operates as a Blockchain-as-a-Service and Two-Sided Marketplace. Reef has raised $23.9 million across 2 funding rounds from investors including QCP Capital, Alameda Research and NGC. Reef offers products and services including Reef Chain, ReefSwap, Reef Chain Wallet, and Sqwid. Reef operates in a competitive market with competitors including Consensys, Luno, Amber Group, Matrixport and Abra, among others.
- Headquarter Dubai, United Arab Emirates
- Founders Denko Mancheski
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Sectors
TechnologyFinancial Services
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Phone
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Website
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Social
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$23.9 M (USD)
in 2 rounds
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Latest Funding Round
$20 M (USD), Series A
Mar 12, 2021
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Investors
QCP Capital
& 6 more
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Employee Count
Not available
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Products & Services of Reef
Reef offers a comprehensive portfolio of products and services, including Reef Chain, ReefSwap, Reef Chain Wallet, and Sqwid.
A layer 1 blockchain for decentralized applications.
Platform for token creation and liquidity provision.
Secure wallet for managing Reef blockchain assets.
Platform for minting and browsing NFT collections.
Funding Insights of Reef
Reef has successfully raised a total of $23.9M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $20 million completed in March 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.
Investors in Reef
Reef has secured backing from 7 investors, including institutional and venture fund investors. Prominent investors backing the company include QCP Capital, Alameda Research and NGC.
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Blockchain-based startups are funded by NGC venture capital firm.
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Blockchain sectors are targeted for investments by AU21 Capital.
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Multiple sectors are invested in via a funds-of-funds approach.
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Investor details for Reef
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Investments & Acquisitions by Reef
Investment portfolio details for Reef
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Financial Statements - Reef
Detailed financials for Reef
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Reef Comparisons
Peer comparison for Reef
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Competitors of Reef
Reef 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, Amber Group, Matrixport and Abra, among others.
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Developer of blockchain and web3 software platform
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Mobile app for storing and trading cryptocurrencies is utilized.
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Blockchain-based financial solutions are offered for crypto trading and payments.
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App-based platform offering crypto investment products and financial services solutions
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An app-based platform is offered for cryptocurrency trading and investments.
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Digital wallet for Bitcoin assets
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Detailed competitors of Reef
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Latest news on Reef
Complete news archive for Reef
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Frequently Asked Questions about Reef
Reef was founded in 2020.
Reef is headquartered in Dubai, United Arab Emirates. It is registered at Dubai, Dubai, United Arab Emirates.
Denko Mancheski is the current CEO of Reef. They have also founded this company.
Reef is a funded company, having raised a total of $23.9M across 2 funding rounds to date.
Reef is established as a layer 1 blockchain designed for decentralized applications. It is built using the Substrate Framework, ensuring scalability, speed, and affordability. Core applications such as Reef Chain Wallet, ReefScan, and ReefSwap are provided to facilitate user access to blockchain technology. The ecosystem supports DeFi apps, NFT platforms like Sqwid, and community governance through staking and validator nominations. Solutions are tailored for developers to port Ethereum-based Solidity contracts and deploy ERC-20 assets. The platform is governed by a community-elected Technical Council, focusing on upgradability and sustainable on-chain governance.
Reef offers Reef Chain, ReefSwap, Reef Chain Wallet, and Sqwid.
Reef has 7 investors. Key investors include QCP Capital, Alameda Research, NGC, AU21 Capital, and Kenetic Capital.