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
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Website
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Social
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- Legal Name Wormhole Foundation
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Annual Revenue
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Net Profit
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EBITDA
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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
Employee Count
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Products & Services of Wormhole
Wormhole offers a comprehensive portfolio of products and services, including Native Token Transfers, Queries, and Messaging. 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.
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.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Series D — $225.0M
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First Round
First Round
(29 Nov 2023)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2023 | Amount | Series D - Wormhole | Valuation | Brevan Howard , Coinbase-ventures.com |
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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 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. 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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Investments are focused on crypto and tech companies by ParaFi.
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Founded Year | Domain | Location | |
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Venture capital funding and acceleration are provided to sector-agnostic startups.
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Founded Year | Domain | Location | |
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Venture capital firm focused on digital assets and web3
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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 Wormhole
| 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 - Wormhole
| 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 |
Wormhole Comparisons
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. 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 |
Online platform for cross-chain communication for web3
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| domain | founded_year | HQ Location |
Omnichain interoperability protocol is enabled for decentralized applications across blockchains.
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| domain | founded_year | HQ Location |
Web3 communication network, enabling cross-chain notifications & messaging for dApps, wallets & services
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| domain | founded_year | HQ Location |
Multi-chain ecosystem protocols are developed and integrated across blockchain networks.
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| domain | founded_year | HQ Location |
Online platform offering messaging protocol solutions
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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 Wormhole
Frequently Asked Questions about Wormhole
When was Wormhole founded?
Wormhole was founded in 2020 and raised its 1st funding round 3 years after it was founded.
Where is Wormhole located?
Wormhole is headquartered in George Town, Cayman Islands.
Is Wormhole a funded company?
Wormhole is a funded company, having raised a total of $225M across 1 funding round to date. The company's 1st funding round was a Series D of $225M, raised on Nov 29, 2023.
What does Wormhole do?
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.
Who are the top competitors of Wormhole?
Wormhole's top competitors include Axelar, LayerZero Labs Canada Inc and Push.
What products or services does Wormhole offer?
Wormhole offers Native Token Transfers, Queries, and Messaging.
Who are Wormhole's investors?
Wormhole has 8 investors. Key investors include Multicoin Capital, ParaFi, Brevan Howard, Coinbase-ventures.com, and Dialectic.
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