About xBacked
xBacked is a company based in Greece founded in 2021. xBacked has raised $1.5 million across 1 funding round from investors including Delphi Digital, Borderless and Arrington Capital. xBacked operates in a competitive market with competitors including IoTeX, Bitwave, Gilded, Multis and Magna, among others.
- Headquarter Greece
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Sectors
Financial ServicesTechnology
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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
$1.5 M (USD)
in 1 rounds
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Latest Funding Round
$1.5 M (USD), Seed
Jun 01, 2021
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Investors
Delphi Digital
& 4 more
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Employee Count
Employee Count
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Funding Insights of xBacked
xBacked has successfully raised a total of $1.5M through 1 strategic funding round. The most recent funding activity was a Seed round of $1.5 million completed in June 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 Total Funding
- Total Rounds 1
- Last Round Seed — $1.5M
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First Round
First Round
(01 Jun 2021)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2021 | Amount | Seed - xBacked | Valuation | Borderless Capital , Arrington Capital |
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Investors in xBacked
xBacked has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include Delphi Digital, Borderless and Arrington Capital.
| Investor | Description | 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 | |
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Meld Ventures is focused on investing in blockchain technology.
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Founded Year | Domain | Location |
Investments & Acquisitions by xBacked
Financial Statements - xBacked
Xbacked Comparisons
Competitors of xBacked
xBacked 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 IoTeX, Bitwave, Gilded, Multis and Magna, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Blockchain-based connectivity for IoT applications is facilitated.
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| domain | founded_year | HQ Location |
Accounting solutions for crypocurrencies
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| domain | founded_year | HQ Location |
Accounting and payment solutions are provided for crypto businesses.
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| domain | founded_year | HQ Location |
Cryptocurrency treasury management software for businesses
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| domain | founded_year | HQ Location |
Digital asset management solutions are provided for blockchain entities.
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| domain | founded_year | HQ Location |
Automated crypto bookkeeping and reporting services are provided.
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Latest news on Xbacked
Frequently Asked Questions about xBacked
xBacked was founded in 2021.
xBacked is headquartered in Greece.
xBacked is a funded company, having raised a total of $1.5M across 1 funding round to date. The company's 1st funding round was a Seed of $1.5M, raised on Jun 01, 2021.
xBacked was established in 2021 in Greece as a distributed autonomous organization focused on decentralized finance. A stable coin is created, fully backed by cryptocurrency assets including ALGO and xUSD rather than centralized reserves. No-interest borrowing options are provided, with users enabled to collateralize their Algo holdings for loans. Operations emphasize autonomy and decentralization in the blockchain sector.
xBacked has 5 investors. Key investors include Delphi Digital, Borderless, Arrington Capital, Mechanism Capital, and Meld Ventures.