About Sending.Network
Sending.Network is a company based in New York (United States) founded in 2022 by Mason Yang and Joeyz Yu.. Sending.Network has raised $20 million across 2 funding rounds from investors including Yield Guild, Galxe and Nomad Capital. Sending.Network offers products and services including SendingMe App, WatchDog Node, and Edge Nodes. Sending.Network operates in a competitive market with competitors including Axelar, LayerZero Labs Canada Inc, Push, Multichain and Wormhole, among others.
- Headquarter New York, United States
- Founders Mason Yang, Joeyz Yu
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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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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$20 M (USD)
in 2 rounds
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Latest Funding Round
$7.5 M (USD), Seed
Apr 16, 2024
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Investors
Yield Guild
& 5 more
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Employee Count
Employee Count
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Products & Services of Sending.Network
Sending.Network offers a comprehensive portfolio of products and services, including SendingMe App, WatchDog Node, and Edge Nodes. 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.
App for secure Web3 community engagement and transactions.
Service for running nodes in decentralized communication network.
Network for cost-effective decentralized bandwidth sharing.
Funding Insights of Sending.Network
Sending.Network has successfully raised a total of $20M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $7.5 million completed in April 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 2
- Last Round Seed — $7.5M
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First Round
First Round
(01 Jun 2023)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2024 | Amount | Seed - Sending.Network | Valuation |
investors |
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| Jun, 2023 | Amount | Seed - Sending.Network | Valuation |
investors |
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| 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 Sending.Network
Sending.Network has secured backing from 6 investors, including venture fund and institutional investors. Prominent investors backing the company include Yield Guild, Galxe and Nomad Capital. 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 firm focused on investing in web 3 companies
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Founded Year | Domain | Location | |
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Venture capital investments in technology sectors are managed by SWC.
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Founded Year | Domain | Location | |
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A venture fund is operated to support Web3 founders.
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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 Sending.Network
| 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 - Sending.Network
| 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 |
Sending.Network Comparisons
Competitors of Sending.Network
Sending.Network 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 Axelar, LayerZero Labs Canada Inc, Push, Multichain and Wormhole, 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 |
Online platform for cross-chain communication for web3
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| domain | founded_year | HQ Location |
Omnichain interoperability protocol is enabled for decentralized applications across blockchains.
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| domain | founded_year | HQ Location |
Web3 communication network, enabling cross-chain notifications & messaging for dApps, wallets & services
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| domain | founded_year | HQ Location |
Multi-chain ecosystem protocols are developed and integrated across blockchain networks.
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| domain | founded_year | HQ Location |
Blockchain interoperability is facilitated through a generic message-passing protocol.
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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 Sending.Network
Frequently Asked Questions about Sending.Network
When was Sending.Network founded?
Sending.Network was founded in 2022 and raised its 1st funding round 1 year after it was founded.
Where is Sending.Network located?
Sending.Network is headquartered in New York, United States. It is registered at New York, New York, United States.
Is Sending.Network a funded company?
Sending.Network is a funded company, having raised a total of $20M across 2 funding rounds to date. The company's 1st funding round was a Seed of $12.5M, raised on Jun 01, 2023.
What does Sending.Network do?
Sending.Network was founded in 2022 in New York, United States. An online platform is maintained in the Web3 sector, where messaging protocol solutions are developed for chat and social functionalities. Decentralized user interactions are facilitated through a communications protocol. Capabilities for users to engage in chats, discover content, and transact digital assets are supported across operations.
Who are the top competitors of Sending.Network?
Sending.Network's top competitors include Axelar, LayerZero Labs Canada Inc and Push.
What products or services does Sending.Network offer?
Sending.Network offers SendingMe App, WatchDog Node, and Edge Nodes.
Who are Sending.Network's investors?
Sending.Network has 6 investors. Key investors include Yield Guild, Galxe, Nomad Capital, Symbolic Capital, and Web3.com Ventures.
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