About TransitNet
TransitNet is a company based in Los Angeles (United States) founded in 2018 by Christopher Grey. TransitNet has raised $3.56 million across 2 funding rounds from investors including Protocol Ventures, Translunar One and Kenetic Capital. TransitNet operates in a competitive market with competitors including Chainalysis, Elliptic, Lukka, Merkle Science and Solidus Labs, among others.
- Headquarter Los Angeles, United States
- Founders Christopher Grey
- SectorsTechnologyFinancial Services
- Website transitnet.io
- Social X
- Legal Name Transitnet, Llc
- Annual Revenue$2.85 K (USD)-71as on Dec 31, 2022
- Net Profit-$351.93 K (USD)74as on Dec 31, 2023
- Total Equity Funding$3.56M (USD)
in 2 rounds
- Latest Funding Round$1.06M (USD), Seed
Apr 2021
- InvestorsProtocol Ventures
& 4 more
Funding Insights of TransitNet
TransitNet has successfully raised a total of $3.56M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $1.06 million completed in April 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 $3.56M
- Total Rounds 2
- Last Round Seed — $1.06M
- First Round $2.5M
(Jul 2018)
- Investors Count 5
All 2 funding rounds of TransitNet 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 |
|---|---|---|---|---|---|
| Apr 2021 | $1.06M | Seed | – | – | – |
| Jul 2018 | $2.5M | Seed | – | – |
5 investors in total: 4 institutional and 1 angel.
Investors in TransitNet
TransitNet has secured backing from 5 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Protocol Ventures, Translunar One and Kenetic Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Multiple sectors are invested in via a funds-of-funds approach. | – | kenetic.capital | Hong Kong, China | |
Venture capital firm focused on cryptocurrency | – | bkcm.co | Cheyenne, United States | |
Operates a hedge fund specializing in investments in crypto companies. | 2018 | translunar.one | Austin, United States | |
Provider of SAP Business One implementation and support services | 2017 | protocolventures.com | San Francisco, United States | |
JS Justin Schmidt | - | – | unknown_09a061a4816b47e89 | - |
Investor details for TransitNet
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of TransitNet
6 people are tracked at TransitNet (2 in leadership, 4 in board & advisors).
| Name | Role | Group |
|---|---|---|
Christopher Grey | Co-Founder | Leadership |
Eric M. Jackson | CEO & Co-Founder | Leadership |
Ken Miller | Advisor | Board & advisors |
Chris Kitze | Advisor | Board & advisors |
John Wu | Advisor | Board & advisors |
Alex Felix | Advisor | Board & advisors |
Complete people profiles for TransitNet
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of TransitNet
3 dated milestones of TransitNet across 3 years, from founding to its latest funding, stage changes and deals.
- Founded TransitNet is founded.
- Funding First funding round of $2.5M.
- Funding Latest funding round, Seed, of $1.1M.
Competitors of TransitNet
TransitNet 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 Chainalysis, Elliptic, Lukka, Merkle Science and Solidus Labs, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| chainalysis.com | 2014 | New York, United States | $538.07M | 388 | Blockchain data platform insights for cryptocurrency are delivered. | |
| elliptic.co | 2014 | London, United Kingdom | $104.31M | 80 | Provider of transaction monitoring and fraud prevention solutions for crypto businesses | |
| lukka.tech | 2014 | Cheshire, United Kingdom | $208.8M | – | Provider of enterprise data management and blockchain analytics solutions for digital assets | |
| merklescience.com | 2018 | Singapore | $25.55M | – | Predictive crypto risk and intelligence platform is offered. | |
| soliduslabs.com | 2017 | New York, United States | $83M | – | Digital asset trade surveillance is enabled through machine learning. | |
| securrency.com | 2015 | – | $48.31M | 8 | Compliance solutions for digital asset trading are provided. | |
| simplex.com | 2014 | Ramat Gan, Israel | $8M | 2 | AI-based crypto payments and fraud prevention are provided for businesses. | |
| coinfirm.com | 2016 | London, United Kingdom | $18.5M | 1 | Regulatory compliance solutions for cryptocurrency businesses are offered. | |
| xrex.io | 2018 | Taipei, Taiwan | $42.75M | 1 | Blockchain-enabled financial services are offered to businesses and individuals. |
Detailed competitors of TransitNet
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Similar companies to TransitNet
10 companies that operate in the same segment as TransitNet (Blockchain & Decentralized Infrastructure), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Terraform Labs is engaged in blockchain technology development. | 2018 | Singapore, Singapore | USD 57 M | – | – | |
Ledger is recognized for providing secure cryptocurrency hardware wallets. | 2014 | Paris, France | USD 575.4 M | – | – | |
Decentralized exchange platform for cryptocurrency trading is operated. | 2018 | New York, New York, United States | USD 176 M | – | 85 | |
Developer of blockchain and web3 software platform | 2014 | Fort Worth, Texas, United States | USD 725 M | – | – | |
Public blockchain network platform | 2017 | Zug, Zug, Switzerland | USD 542.29 M | – | – | |
Scalable blockchain interoperability protocols are developed for enhanced network security. | 2017 | George Town, Cayman Islands | USD 450.75 M | – | – | |
Blockchain-based PC and mobile games are developed and published. | 2006 | Kowloon, Hong Kong, China | USD 973.19 M | – | – | |
Protocols for blockchain-based solutions are provided by Aptos. | 2021 | Palo Alto, California, United States | USD 350 M | – | – | |
Cloud-based blockchain platform for application development is provided. | 2013 | San Francisco, California, United States | USD 597.81 M | – | – | |
Blockchain-based fantasy sports marketplace is provided for multiple sports. | 2018 | Saint-mande, Val-de-marne, France | USD 738.84 M | – | – |
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Frequently Asked Questions about TransitNet
TransitNet was founded in 2018.
TransitNet is headquartered in Los Angeles, United States. It is registered at Los Angeles, California, United States.
TransitNet is a funded company, having raised a total of $3.56M across 2 funding rounds to date. The company's 1st funding round was a Seed of $2.5M, raised on Jul 2018.
Annual revenue of TransitNet is $2.85K as on Dec 31, 2022.
TransitNet was founded in 2018 in Los Angeles, United States, focusing on the blockchain sector for financial and regulatory services. Compliance management solutions are provided to token issuers, including tools for financial reporting, corporate governance, and regulatory adherence. Time-stamped read receipts and notifications are tracked for users. Transit declarations are created and submitted for goods transported across multiple countries, supporting the new computerized transit system.
TransitNet's top competitors include Elliptic, Chainalysis and Merkle Science.
TransitNet has 5 investors. Key investors include Protocol Ventures, Translunar One, Kenetic Capital, BKCM, and Justin Schmidt.
TransitNet operates through Transitnet, Llc.