About Xanadu
Xanadu is a company based in Toronto (Canada) founded in 2016 by Christian Weedbrook.. Xanadu has raised $234.79 million across 7 funding rounds from investors including SVB, Bessemer Venture Partners and Porsche Se. The company has 122 employees as of December 31, 2024. Xanadu operates in a competitive market with competitors including Seeqc, IQM, LightOn, C12 Quantum Electronics and Delft Circuits, among others.
- Headquarter Toronto, Canada
- Employees 122 as on 31 Dec, 2024
- Founders Christian Weedbrook
- Stage Unicorn
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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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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$234.79 M (USD)
in 7 rounds
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Latest Funding Round
$2.77 M (USD), Debt – Conventional
Feb 24, 2024
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Investors
SVB
& 21 more
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Employee Count
122
as on Dec 31, 2024
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Funding Insights of Xanadu
Xanadu has successfully raised a total of $234.79M across 7 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $2.77 million completed in February 2024. 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 7
- Last Round Debt – Conventional — $2.8M
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First Round
First Round
(10 May 2018)
- Investors Count 22
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2024 | Amount | Debt – Conventional - Xanadu | Valuation |
investors |
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| Feb, 2023 | Amount | Grant - Xanadu | Valuation |
investors |
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| Nov, 2022 | Amount | Series C - Xanadu | Valuation | Georgian |
| 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 Xanadu
Xanadu has secured backing from 22 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include SVB, Bessemer Venture Partners and Porsche Se. 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 is provided to expanding B2B software companies.
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Founded Year | Domain | Location | |
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Venture capital investing and portfolio management services for accredited investors.
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Founded Year | Domain | Location | |
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Venture capital fund investing in tech startups
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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 Xanadu
| 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 - Xanadu
| 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 |
Xanadu Comparisons
Competitors of Xanadu
Xanadu 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 Seeqc, IQM, LightOn, C12 Quantum Electronics and Delft Circuits, 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 |
System-on-chips for quantum computing applications are provided.
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| domain | founded_year | HQ Location |
Superconducting quantum computers are developed with advanced processors and operations.
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| domain | founded_year | HQ Location |
Optical processors are provided for machine learning computations.
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| domain | founded_year | HQ Location |
Manufacturer of application-specific integrated circuits for quantum computing applications
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| domain | founded_year | HQ Location |
Superconducting circuits and cryogenic solutions for quantum computing are developed.
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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 Xanadu
Frequently Asked Questions about Xanadu
When was Xanadu founded?
Xanadu was founded in 2016 and raised its 1st funding round 2 years after it was founded.
Where is Xanadu located?
Xanadu is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
Who is the current CEO of Xanadu?
Christian Weedbrook is the current CEO of Xanadu. They have also founded this company.
Is Xanadu a funded company?
Xanadu is a funded company, having raised a total of $234.79M across 7 funding rounds to date. The company's 1st funding round was a Series C of $100M, raised on May 10, 2018.
How many employees does Xanadu have?
As of Dec 31, 2024, the latest employee count at Xanadu is 122.
What does Xanadu do?
Xanadu is engaged in technology or AI-related activities. Specific sectors, solutions, or operational details are not provided on the website. The scope of services or products remains unclear based on available content.
Who are Xanadu's investors?
Xanadu has 22 investors. Key investors include SVB, Bessemer Venture Partners, Porsche Se, OMERS, and BDC.
What is Xanadu's valuation?
The valuation of Xanadu is $1B as of Nov 2022.
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