About Switcheo
Switcheo is a company based in Singapore founded in 2017 by Henry Chua.. Switcheo has raised $1.2 million across 1 funding round from investors including MXC Foundation, Three Arrows Capital and DeFiance Capital. Switcheo offers products and services including Decentralized Software Platforms. Switcheo operates in a competitive market with competitors including CV LABS, Chamber of Digital Commerce, Bitcoin Startup Lab, Crypto Council for Innovation and Strong Interactive, among others.
- Headquarter Singapore
- Founders Henry Chua
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Switcheo Exchange Pte Ltd
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$1.2 M (USD)
in 1 rounds
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Latest Funding Round
$1.2 M (USD), Seed
Nov 05, 2020
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Investors
MXC Foundation
& 3 more
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Employee Count
Employee Count
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Products & Services of Switcheo
Switcheo offers a comprehensive portfolio of products and services, including Decentralized Software Platforms. 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.
Tools for blockchain-based finance and trust-optional systems
Funding Insights of Switcheo
Switcheo has successfully raised a total of $1.2M through 1 strategic funding round. The most recent funding activity was a Seed round of $1.2 million completed in November 2020. 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 — $1.2M
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First Round
First Round
(05 Nov 2020)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2020 | Amount | Seed - Switcheo | Valuation | Three Arrows Capital , DeFiance 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 Switcheo
Switcheo has secured backing from 4 investors, including institutional and venture fund investors. Prominent investors backing the company include MXC Foundation, Three Arrows Capital and DeFiance 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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Crypto-native investment firm focusing on Web3, DeFi, gaming, and infrastructure assets globally.
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Founded Year | Domain | Location | |
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Professionally managed digital asset investment funds are provided to investors.
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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 Switcheo
| 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 - Switcheo
| 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 |
Switcheo Comparisons
Competitors of Switcheo
Switcheo 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 CV LABS, Chamber of Digital Commerce, Bitcoin Startup Lab, Crypto Council for Innovation and Strong Interactive, 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 development services are provided by CV LABS.
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| domain | founded_year | HQ Location |
Advocates for blockchain innovation, policy development, and digital economy participation.
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| domain | founded_year | HQ Location |
Blockchain think tank services are provided for cryptocurrency ventures.
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| domain | founded_year | HQ Location |
Advocates for crypto regulations, provides policy insights, and fosters global partnerships.
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| domain | founded_year | HQ Location |
Develops Web 3 strategies integrating AI, Mixed Reality, and Blockchain for B2C and B2B initiatives.
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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 Switcheo
Frequently Asked Questions about Switcheo
When was Switcheo founded?
Switcheo was founded in 2017 and raised its 1st funding round 3 years after it was founded.
Where is Switcheo located?
Switcheo is headquartered in Singapore.
Is Switcheo a funded company?
Switcheo is a funded company, having raised a total of $1.2M across 1 funding round to date. The company's 1st funding round was a Seed of $1.2M, raised on Nov 05, 2020.
What does Switcheo do?
Blockchain-based infrastructure for the finance industry. It is a think tank that bootstraps nurtures ecosystems moving towards a new world that thrives even without trust. It allows users to bootstrap open financial markets for any asset type. It also allows users to apply for development funds.
Who are the top competitors of Switcheo?
Switcheo's top competitors include Apas Port, CV LABS and Bitcoin Startup Lab.
What products or services does Switcheo offer?
Switcheo offers Decentralized Software Platforms.
Who are Switcheo's investors?
Switcheo has 4 investors. Key investors include MXC Foundation, Three Arrows Capital, DeFiance Capital, and Digital Asset Capital Management.