About Tesseract
Tesseract is a company based in Helsinki (Finland) founded in 2017 by Ilkka Salo. It operates as a FinTech. Tesseract has raised $25 million across 2 funding rounds from investors including Coinbase, Wintermute and Augmentum Fintech. Tesseract offers products and services including Earn Partners and Earn Customers. Tesseract operates in a competitive market with competitors including Stablehouse, Bright Network, StorsApp, Vee.Finance and FintruX, among others.
- Headquarter Helsinki, Finland
- Founders Ilkka Salo
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Sectors
Financial ServicesTechnology
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Tesseract Investment Oy
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$25 M (USD)
in 2 rounds
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Latest Funding Round
$25 M (USD), Series A
Jun 18, 2021
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Investors
Coinbase
& 10 more
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Employee Count
Employee Count
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Products & Services of Tesseract
Tesseract offers a comprehensive portfolio of products and services, including Earn Partners and Earn Customers. 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.
Yield solutions are provided for custodial company revenue.
Institutional-grade yield is offered for digital asset holders.
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Funding Insights of Tesseract
Tesseract has successfully raised a total of $25M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $25 million completed in June 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 Total Funding
- Total Rounds 2
- Last Round Series A — $25.0M
- First Round First Round
- Investors Count 11
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2021 | Amount | Series A - Tesseract | Valuation | Augmentum Fintech | |
| Jun, 2018 | Amount | Seed - Tesseract | Valuation | Icebreaker |
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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 Tesseract
Tesseract has secured backing from 11 investors, including venture fund and institutional investors. Prominent investors backing the company include Coinbase, Wintermute and Augmentum Fintech. 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 investing in fintech startups
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Founded Year | Domain | Location | |
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Venture capital firm focused on software, fintech, marketplaces, and consumer internet
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Founded Year | Domain | Location | |
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Venture capital firm partnering with enterprise software companies and early-stage funds.
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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 Tesseract
| 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 - Tesseract
| 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 |
Tesseract Comparisons
Competitors of Tesseract
Tesseract 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 Stablehouse, Bright Network, StorsApp, Vee.Finance and FintruX, 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 |
Digital assets investment opportunities are offered to individuals and institutions.
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| domain | founded_year | HQ Location |
Bright Network is operated as a decentralized blockchain platform.
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| domain | founded_year | HQ Location |
Decentralized cross-border lending is facilitated to small businesses globally.
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| domain | founded_year | HQ Location |
Cryptocurrency-based lending platform for businesses
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| domain | founded_year | HQ Location |
Blockchain-based P2P lending marketplace connects borrowers and lenders.
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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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Frequently Asked Questions about Tesseract
When was Tesseract founded?
Tesseract was founded in 2017 and raised its 1st funding round 1 year after it was founded.
Where is Tesseract located?
Tesseract is headquartered in Helsinki, Finland.
Is Tesseract a funded company?
Tesseract is a funded company, having raised a total of $25M across 2 funding rounds to date.
What does Tesseract do?
Tesseract is focused on delivering institutional-grade yield solutions for digital assets. Services are provided to both institutions and private individuals through proprietary platforms. The company operates in the cryptocurrency and DeFi sectors, offering lending and yield products across multiple tokens. Regulated by the Finland FSA and authorized under MiCA, operations include portfolio management, custody, and investment advice. Secure technology and compliance with ISO27K and SOC 2 standards are maintained to ensure trust and transparency.
Who are the top competitors of Tesseract?
Tesseract's top competitors include Bright Network, Vee.Finance and Seeded Network.
What products or services does Tesseract offer?
Tesseract offers Earn Partners and Earn Customers.
Who are Tesseract's investors?
Tesseract has 11 investors. Key investors include Coinbase, Wintermute, Augmentum Fintech, Woorton, and DN Capital.
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