About The Block
The Block is a company based in New York (United States) founded in 2018 by Jake Mcgraw and Michael Mccaffrey was acquired by Foresight Ventures in November 2023.. The Block operates in a competitive market with competitors including CoinDesk, CoinTelegraph, Blockworks, BitKan and Decrypt, among others.
- Headquarter New York, United States
- Founders Jake Mcgraw, Michael Mccaffrey
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Sectors
Media & Entertainment
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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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Latest Funding Round
$1.48 M (USD), Debt – Conventional
Jun 25, 2019
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Investors
Seven Hound Ventures
& 1 more
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Employee Count
Employee Count
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Acquired by
Foresight Ventures
(Nov 13, 2023)
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Leadership Team
2 people
Product Management Team
2 people
Human Resources and Administration
1 people
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Funding Insights of The Block
- Total Funding Total Funding
- Total Rounds 3
- Last Round Debt – Conventional — $1.5M
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2019 | Amount | Debt – Conventional - The Block | Valuation |
investors |
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| Apr, 2019 | Amount | Debt – Conventional - The Block | Valuation |
investors |
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| Jun, 2018 | Amount | Seed - The Block | Valuation | Seven Hound Ventures |
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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 The Block
The Block has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Seven Hound Ventures and Foresight 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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Tech startups focused VC firm operating across Los Angeles
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Founded Year | Domain | Location | |
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Blockchain sector focus is maintained by venture capital-backed accelerator.
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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 The Block
| 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 - The Block
| 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 |
The Block Comparisons
Competitors of The Block
The Block 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 CoinDesk, CoinTelegraph, Blockworks, BitKan and Decrypt, 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 |
Cryptocurrency news and analysis are delivered via an online platform.
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| domain | founded_year | HQ Location |
Online platform for blockchain news and more
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| domain | founded_year | HQ Location |
Data and information platform for the crypto industry is provided.
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| domain | founded_year | HQ Location |
Cryptocurrency market data, prices, and mining information are provided.
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| domain | founded_year | HQ Location |
Online news portal focused on business news
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| domain | founded_year | HQ Location |
Real-time cryptocurrency news and market data are delivered.
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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 The Block
Frequently Asked Questions about The Block
When was The Block founded?
The Block was founded in 2018.
Where is The Block located?
The Block is headquartered in New York, United States. It is registered at New York, New York, United States.
Who is the current CEO of The Block?
Michael Mccaffrey is the current CEO of The Block. They have also founded this company.
What does The Block do?
The Block was founded in 2018 and is headquartered in New York, United States. Operations center on a digital content platform dedicated to Bitcoin and cryptocurrency topics. Coverage includes news, analysis, and research services for the blockchain sector. Leadership is provided by co-founders Jake Mcgraw and Michael Mccaffrey, with the latter serving as CEO. The platform operates primarily through its domain, theblock.co, targeting global audiences in the crypto industry.
Who are the top competitors of The Block?
The Block's top competitors include CoinTelegraph, CoinDesk and BitKan.
Who are The Block's investors?
The Block has 2 investors. Key investors include Seven Hound Ventures, and Foresight Ventures.
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