About Wormhole
Wormhole is a company based in George Town (Cayman Islands) founded in 2020. It operates as a Blockchain-as-a-Service. Wormhole has raised $225 million across 1 funding round from investors including Multicoin Capital, ParaFi and Brevan Howard. Wormhole offers products and services including Native Token Transfers, Queries, and Messaging. Wormhole operates in a competitive market with competitors including Axelar, LayerZero Labs Canada Inc, Push, Multichain and Sending.Network, among others.
- Headquarter George Town, Cayman Islands
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Sectors
Technology
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Phone
Locked
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Website
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Social
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- Legal Name Wormhole Foundation
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$225 M (USD)
in 1 rounds
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Latest Funding Round
$225 M (USD), Series D
Nov 29, 2023
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Investors
Multicoin Capital
& 7 more
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Employee Count
Not available
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Products & Services of Wormhole
Wormhole offers a comprehensive portfolio of products and services, including Native Token Transfers, Queries, and Messaging.
Tokens are transferred natively across multiple blockchain networks.
On-chain data is retrieved on-demand for various applications.
Custom multichain protocols are built using messaging services.
Funding Insights of Wormhole
Wormhole has successfully raised a total of $225M through 1 strategic funding round. The most recent funding activity was a Series D round of $225 million completed in November 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.
Investors in Wormhole
Wormhole has secured backing from 8 investors, including institutional and venture fund investors. Prominent investors backing the company include Multicoin Capital, ParaFi and Brevan Howard.
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Investments are focused on crypto and tech companies by ParaFi.
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Venture capital funding and acceleration are provided to sector-agnostic startups.
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Venture capital firm focused on digital assets and web3
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Investor details for Wormhole
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- Investor locations
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Investments & Acquisitions by Wormhole
Investment portfolio details for Wormhole
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- Transaction dates
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Financial Statements - Wormhole
Detailed financials for Wormhole
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Wormhole Comparisons
Peer comparison for Wormhole
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Competitors of Wormhole
Wormhole 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 Axelar, LayerZero Labs Canada Inc, Push, Multichain and Sending.Network, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Online platform for cross-chain communication for web3
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Omnichain interoperability protocol is enabled for decentralized applications across blockchains.
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Web3 communication network, enabling cross-chain notifications & messaging for dApps, wallets & services
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Multi-chain ecosystem protocols are developed and integrated across blockchain networks.
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Online platform offering messaging protocol solutions
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Detailed competitors of Wormhole
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Latest news on Wormhole
Complete news archive for Wormhole
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Frequently Asked Questions about Wormhole
Wormhole was founded in 2020 and raised its 1st funding round 3 years after it was founded.
Wormhole is headquartered in George Town, Cayman Islands.
Wormhole is a funded company, having raised a total of $225M across 1 funding round to date.
Wormhole is established as a key interoperability platform connecting traditional finance with the internet economy through blockchain technology. The platform enables the seamless transfer of tokens across multiple chains, supports multichain application development, and provides infrastructure for native token transfers, queries, and messaging. It serves sectors like decentralized finance (DeFi) by powering cross-chain protocols and bridges. Solutions are designed to be future-proof and permissionless, fostering innovation among developers and builders in the Web3 ecosystem.
Wormhole's top competitors include Axelar, LayerZero Labs Canada Inc and Push.
Wormhole offers Native Token Transfers, Queries, and Messaging.
Wormhole has 8 investors. Key investors include Multicoin Capital, ParaFi, Brevan Howard, Coinbase-ventures.com, and Dialectic.