About SendBlocks
SendBlocks is a company based in Tel Aviv-yafo (Israel) founded in 2022 by Michael Kellner and Itay Shrem.. SendBlocks has raised $8.2 million across 1 funding round from investors including StarkWare, Laser Digital and Castle Island Ventures. SendBlocks operates in a competitive market with competitors including The Graph, Bluzelle, Streamr, BigChainDB and Tableland, among others.
- Headquarter Tel Aviv-yafo, Israel
- Founders Michael Kellner, Itay Shrem
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Sectors
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
$8.2 M (USD)
in 1 rounds
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Latest Funding Round
$8.2 M (USD), Seed
Jul 02, 2024
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Investors
StarkWare
& 4 more
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Employee Count
Employee Count
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Funding Insights of SendBlocks
SendBlocks has successfully raised a total of $8.2M through 1 strategic funding round. The most recent funding activity was a Seed round of $8.2 million completed in July 2024. 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 1
- Last Round Seed — $8.2M
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First Round
First Round
(02 Jul 2024)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2024 | Amount | Seed - SendBlocks | Valuation | Castle Island Ventures |
| 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 SendBlocks
SendBlocks has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include StarkWare, Laser Digital and Castle Island 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 fund focused on blockchain and cryptocurrency companies
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Founded Year | Domain | Location | |
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Venture capital investments in tech and healthtech sectors through dedicated funds.
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Founded Year | Domain | Location | |
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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 SendBlocks
| 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 - SendBlocks
| 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 |
Sendblocks Comparisons
Competitors of SendBlocks
SendBlocks 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 The Graph, Bluzelle, Streamr, BigChainDB and Tableland, 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 data from smart contracts is indexed for dApps.
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| domain | founded_year | HQ Location |
Decentralized data storage solution
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| domain | founded_year | HQ Location |
Blockchain platform for decentralized data streaming is provided.
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| domain | founded_year | HQ Location |
Blockchain databases are utilized for secure data storage and control.
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| domain | founded_year | HQ Location |
Decentralized web3 protocol for structured relational data
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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 Sendblocks
Frequently Asked Questions about SendBlocks
When was SendBlocks founded?
SendBlocks was founded in 2022 and raised its 1st funding round 2 years after it was founded.
Where is SendBlocks located?
SendBlocks is headquartered in Tel Aviv-yafo, Israel. It is registered at Tel Aviv-yafo, Tel Aviv District, Israel.
Who is the current CEO of SendBlocks?
Itay Shrem is the current CEO of SendBlocks. They have also founded this company.
Is SendBlocks a funded company?
SendBlocks is a funded company, having raised a total of $8.2M across 1 funding round to date. The company's 1st funding round was a Seed of $8.2M, raised on Jul 02, 2024.
What does SendBlocks do?
SendBlocks was founded in 2022 in Tel Aviv-Yafo, Israel, as a blockchain-based data management platform. On-chain data is accessed and managed by users, with risk mitigation features integrated. Real-time data insights are delivered, alongside solutions for blockchain data handling. Operations focus on the blockchain sector, supporting data-related services in a global context.
Who are the top competitors of SendBlocks?
Who are SendBlocks's investors?
SendBlocks has 5 investors. Key investors include StarkWare, Laser Digital, Castle Island Ventures, Pitango, and Illuminate Financial.
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