About StormX
StormX is a Technology company based in Seattle (United States) founded in 2014 by Calvin Hsieh and Simon Yu. It operates as a decentralized blockchain platform connects freelancers to micro-tasks. StormX has raised $15.03 million across 3 funding rounds from investors including PayPal, Plug and Play Tech Center and Optimista Capital. Its chief executive is Simon Yu. Its website stormx.io draws about 12 thousand monthly visits. StormX offers products and services including StormX App, Chrome Extension, and Referral Program. Its focus areas include Enterprise Applications, HRTech, Freelancer Marketplace and Micro Jobs. Its legal entity is StormX Singapore PTE LTD. Its competitors include Upwork, Fiverr, Iziwork, Freelancer and Clickworker and 4 more; 8 of its 9 listed competitors have raised funding.
Company details
StormX was founded in 2014 in Seattle, United States, as a blockchain-based marketplace for micro-tasks. Freelancers are linked with opportunities in QA testing, machine learning, P2P tasks, and related services. Users access earning options through consumer products and services via the platform. The application is distributed on Google Play Store and iOS for mobile use.
- Total Equity Funding$15.03M (USD)
in 3 rounds
- Latest Funding Round$9M (USD), Series A
Jul 2021
- InvestorsPayPal
& 2 more
Products & Services of StormX
StormX offers a comprehensive portfolio of products and services, including StormX App, Chrome Extension, and Referral Program.
App for earning crypto cashback on online purchases
Extension to activate rewards at partnered stores
Program for earning from friends' shopping activities
Funding Insights of StormX
StormX has successfully raised a total of $15.03M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $9 million completed in July 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 $15.03M
- Total Rounds 3
- Last Round Series A — $9M
- First Round $30.72M
(Dec 2017)
- Investors Count 3
All 3 funding rounds of StormX with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul 2021 | $9M | Series A | – | – | |
| Apr 2021 | $6.03M | Series A | – | PayPal | |
| Dec 2017 | $30.72M | Token Sale | – | – | – |
3 investors in total: 3 institutional.
Investors in StormX
StormX has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include PayPal, Plug and Play Tech Center and Optimista Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Blockchain startups are incubated by venture capital-backed Optimista Capital. | – | optimista.capital | - | |
Startups are accelerated and invested in across multiple tech sectors. | 2006 | plugandplaytechcenter.com | Sunnyvale, United States | |
Online payment solutions are offered to consumers and businesses. | 1998 | paypal.com | San Jose, United States |
Investor details for StormX
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of StormX
11 people are tracked at StormX (6 in leadership, 5 in team).
| Name | Role | Group |
|---|---|---|
Calvin Hsieh | Co-Founder & CTO | Leadership |
Simon Yu | Co-Founder & CEO | Leadership |
Hayden Lee | Chief of Staff | Leadership |
Vivek A. Ganesan | CEO | Leadership |
Zainab Akande | Head Of Customer Support | Leadership |
Brandon Gahagan | Director Of Growth & Partnerships | Leadership |
Melissa Forbs | Blockchain Developer | Team |
Felipe Augusto | Senior Software Engineer | Team |
Chun-Kai Wang | Advisor | Team |
Sten Laureyssens | Advisor | Team |
Jason Verkay | Fintech | Team |
Complete people profiles for StormX
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Timeline of StormX
3 dated milestones of StormX across 7 years, from founding to its latest funding, stage changes and deals.
- Founded StormX is founded.
- Funding First funding round of $30.7M.
- Funding Latest funding round, Series A, of $9.0M.
Competitors of StormX
StormX has 9 listed competitors in our database, 8 of them funded. They include Upwork, Fiverr, Iziwork, Freelancer and Clickworker, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| upwork.com | 1999 | San Francisco, United States | $140M | 2 | Businesses are connected with freelancers via an online marketplace. | |
| fiverr.com | 2010 | Tel Aviv, Israel | $111M | – | Freelance services are facilitated via an online multi-industry marketplace. | |
| iziwork.com | 2018 | Paris, France | $61.36M | – | Freelancers are matched with employers via an online job platform. | |
| freelancer.com | 2009 | Sydney, Australia | – | – | An online marketplace is operated for freelancers in various industries. | |
| clickworker.com | 2005 | Essen, Germany | $6.04M | 24 | Data processing tasks are crowdsourced via an online marketplace. | |
| malt.com | 2013 | Paris, France | $133.88M | – | Freelance marketplace operated to connect experts with company projects. | |
| zbj.com | 2006 | Chongqing, China | $429.65M | – | Freelancers are matched with clients via an online services platform. | |
| superside.com | 2014 | Wilmington, United States | $33.5M | – | Digital marketing and application development services are provided globally. | |
| lancers.co.jp | 2008 | Shibuya, Japan | $11.4M | – | Freelancers are matched with companies through an online multi-industry marketplace. |
Detailed competitors of StormX
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
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Web traffic of StormX
The website of StormX (stormx.io) receives about 11.8K visits a month.
- Monthly visits11.8K
▲ 6.7% vs previous month
Top companies in HR & Workforce Technology
10 companies that operate in the same segment as StormX (HR & Workforce Technology), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Anonymous employee reviews and job search platform are operated. | 2007 | San Francisco, California, United States | USD 201.5 M | – | 1,695 | |
Cloud-based LMS platform for IT industry | 2004 | Farmington, Utah, United States | USD 235.41 M | USD 4.95 M | 1,774 | |
Employee health benefits are facilitated via a cloud-based platform. | 2007 | Plymouth Meeting, Pennsylvania, United States | USD 228.3 M | – | – | |
Business spends, payments, and rewards are streamlined by automated workflows. | 2011 | Hyderabad, Telangana, India | USD 13.75 M | USD 149.43 M | 431 | |
Reward-based crowdfunding is facilitated for content creators and musicians. | 2013 | San Francisco, California, United States | USD 412.1 M | – | 1,218 | |
Virtual physical therapy and digital pain care solutions are provided. | 2015 | San Francisco, California, United States | USD 854.44 M | – | 1,746 | |
Cloud-based HR and financial software is delivered to enterprises. | 2005 | Pleasanton, California, United States | USD 352.3 M | USD 9.53 B | 21,000 | |
Businesses are connected with freelancers via an online marketplace. | 1999 | San Francisco, California, United States | USD 140 M | USD 787.78 M | 600 | |
Tech-enabled mental health solutions for employers are provided. | 2016 | New York, New York, United States | USD 473.73 M | – | 3,902 | |
SaaS-driven credit card and spend management solutions platform for businesses | 2017 | Draper, Utah, United States | USD 1.2 B | – | 5,356 |
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Related news about Stormx
Complete news archive for StormX
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Frequently Asked Questions about StormX
StormX was founded in 2014 and raised its 1st funding round 3 years after it was founded.
StormX is headquartered in Seattle, United States. It is registered at Seattle, Washington, United States.
Simon Yu is the current CEO of StormX. They have also founded this company.
StormX is a funded company, having raised a total of $15.03M across 3 funding rounds to date. The company's 1st funding round was a Token Sale of $30.72M, raised on Dec 2017.
StormX was founded in 2014 in Seattle, United States, as a blockchain-based marketplace for micro-tasks. Freelancers are linked with opportunities in QA testing, machine learning, P2P tasks, and related services. Users access earning options through consumer products and services via the platform. The application is distributed on Google Play Store and iOS for mobile use.
StormX's top competitors include Upwork, Fiverr and Freelancer.
StormX offers StormX App, Chrome Extension, and Referral Program.
StormX has 3 investors. Key investors include PayPal, Plug and Play Tech Center, and Optimista Capital.
StormX operates through Stormx Singapore Pte Ltd.