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
- SectorsFinancial ServicesTechnology
- Website xbacked.io
- Social LinkedIn X
- Total Equity Funding$1.5M (USD)
in 1 rounds
- Latest Funding Round$1.5M (USD), Seed
Jun 2021
- InvestorsDelphi Digital
& 4 more
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 $1.5M
- Total Rounds 1
- Last Round Seed — $1.5M
- First Round $1.5M
(Jun 2021)
- Investors Count 5
All 1 funding rounds of xBacked with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2021 | $1.5M | Seed | – | Borderless Capital, Arrington Capital | – |
5 investors in total: 5 institutional.
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 |
|---|---|---|---|---|
Venture capital funding and acceleration are provided to sector-agnostic startups. | – | borderlesscapital.io | Miami, United States | |
Venture capital firm focused on digital assets and web3 | – | arringtoncapital.com | Seattle, United States | |
Meld Ventures is focused on investing in blockchain technology. | – | meld.ventures | Hamilton, Australia | |
Blockchain-based research services are provided by Delphi to clients worldwide. | 2018 | delphidigital.io | New York, United States | |
Blockchain development services are provided by Mechanism Capital to clients. | – | mechanism.capital | - |
Investor details for xBacked
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Timeline of xBacked
2 dated milestones of xBacked, from founding to its latest funding, stage changes and deals.
- Founded xBacked is founded.
- Funding First funding round of $1.5M.
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 | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| iotex.io | 2017 | Menlo Park, United States | $50M | – | Blockchain-based connectivity for IoT applications is facilitated. | |
| bitwave.io | 2019 | San Francisco, United States | $22.25M | 5 | Accounting solutions for crypocurrencies | |
| gilded.finance | 2018 | New Orleans, United States | – | – | Accounting and payment solutions are provided for crypto businesses. | |
| multis.com | 2019 | San Francisco, United States | $9.2M | – | Cryptocurrency treasury management software for businesses | |
| magna.so | 2022 | New York, United States | $15.33M | – | Digital asset management solutions are provided for blockchain entities. | |
| consola.finance | 2022 | Vienna, Austria | $1.1M | – | Automated crypto bookkeeping and reporting services are provided. | |
| fyde.fi | 2022 | Tortola, United Kingdom | $3.45M | – | On-chain treasury management solutions are offered for liquidity and yield. | |
| coinshift.xyz | 2021 | Wyoming, United States | $17.5M | – | Crypto treasury management is provided for DAOs and businesses. | |
| integral.xyz | 2016 | Toronto, Canada | $17M | – | Software tools for financial management are offered to crypto businesses. |
Detailed competitors of xBacked
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Similar companies to xBacked
10 companies that operate in the same segment as xBacked (Cryptocurrencies), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cross-border cryptocurrency payments for businesses are enabled through APIs. | 2013 | Boston, Massachusetts, United States | USD 1.51 B | USD 2.75 B | – | |
Online exchange platform for cryptocurrency | 2017 | Ta Xbiex, Malta | USD 2.02 B | – | – | |
App-based platform for exchange and trading solutions for cryptocurrency | 2011 | London, England, United Kingdom | USD 700 M | – | – | |
Terraform Labs is engaged in blockchain technology development. | 2018 | Singapore, Singapore | USD 57 M | – | – | |
Ledger is recognized for providing secure cryptocurrency hardware wallets. | 2014 | Paris, France | USD 575.4 M | – | – | |
App-based wallet and exchange platform for cross-border money transfers | 2013 | London, England, United Kingdom | USD 73.36 M | – | – | |
Cryptocurrency trading, storage, and exchange services are offered online. | 2012 | San Francisco, California, United States | USD 546.62 M | USD 7.18 B | 3,770 | |
Cryptocurrencies are traded and exchanged through an online platform. | 2014 | Mexico City, Mexico | USD 331.35 M | – | – | |
Decentralized exchange platform for cryptocurrency trading is operated. | 2018 | New York, New York, United States | USD 176 M | – | 85 | |
Mobile app for storing and trading cryptocurrencies is utilized. | 2013 | London, England, United Kingdom | USD 13 M | – | – |
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
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 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.