About Utopia Labs
Utopia Labs is a company based in San Francisco (United States) founded in 2021 by Kaito Cunningham, Jason Chong, Alexander Wu, and Pryce Adade Yebesi was acquired by Coinbase in November 2024.. Utopia Labs has raised $48.3 million across 3 funding rounds from investors including Circle, Coinbase and Gusto. Utopia Labs operates in a competitive market with competitors including Intuit, Visma, Clear, Wave and Xero, among others.
- Headquarter San Francisco, United States
- Founders Kaito Cunningham, Jason Chong, Alexander Wu, Pryce Adade Yebesi
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Sectors
Technology
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Email
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Phone
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Website
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Social
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- Legal Name Utopia Labs Corp
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Funding Insights of Utopia Labs
Utopia Labs has successfully raised a total of $48.3M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $23 million completed in July 2023. 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 3
- Last Round Series A — $23.0M
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First Round
First Round
(01 Oct 2021)
- Investors Count 19
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2023 | Amount | Series A - Utopia Labs | Valuation |
investors |
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| May, 2022 | Amount | Series A - Utopia Labs | Valuation | Paradigm | |
| Oct, 2021 | Amount | Seed - Utopia Labs | Valuation | Kindred Ventures |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 Utopia Labs
Utopia Labs has secured backing from 19 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Circle, Coinbase and Gusto. 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 investments are directed toward crypto-assets and Web3 businesses.
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Founded Year | Domain | Location | |
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Seed-stage investments in multiple sectors are made by Kindred Ventures.
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Founded Year | Domain | Location | |
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Blockchain projects are funded by this venture capital firm.
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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 Utopia Labs
| 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 - Utopia Labs
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Utopia Labs Comparisons
Competitors of Utopia Labs
Utopia Labs 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 Intuit, Visma, Clear, Wave and Xero, 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 |
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| domain | founded_year | HQ Location |
Financial and accounting software is developed for businesses and individuals.
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| domain | founded_year | HQ Location |
Cloud-based ERP software is provided for business management across segments.
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| domain | founded_year | HQ Location |
Technology-enabled accounting and finance solutions are offered for SMBs.
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| domain | founded_year | HQ Location |
Web-based accounting software is offered for business use.
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| domain | founded_year | HQ Location |
Cloud-based accounting and payment management is offered for small businesses.
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| domain | founded_year | HQ Location |
Cloud-based invoicing and accounting software is offered for businesses.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Utopia Labs
Frequently Asked Questions about Utopia Labs
When was Utopia Labs founded?
Utopia Labs was founded in 2021.
Where is Utopia Labs located?
Utopia Labs is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Who is the current CEO of Utopia Labs?
Kaito Cunningham is the current CEO of Utopia Labs. They have also founded this company.
Is Utopia Labs a funded company?
Utopia Labs is a funded company, having raised a total of $48.3M across 3 funding rounds to date. The company's 1st funding round was a Seed of $1.5M, raised on Oct 01, 2021.
What does Utopia Labs do?
Utopia Labs was established in 2021 in San Francisco, United States, focusing on fintech software for cryptocurrency operations. Invoice management, payroll processing, reporting tools, bookkeeping services, and token swaps are handled through the platform. Businesses are enabled to process cryptocurrency and fiat payments, with features supporting modern payment request systems. Operations are centered on streamlining financial management for crypto-integrated enterprises.
Who are the top competitors of Utopia Labs?
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