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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| 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 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. 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 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 |
| 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 xBacked
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
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.
|
2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - xBacked
| 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 |
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. 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 |
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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| 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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Frequently Asked Questions about xBacked
When was xBacked founded?
xBacked was founded in 2021.
Where is xBacked located?
xBacked is headquartered in Greece.
Is xBacked a funded company?
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.
What does xBacked do?
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.
Who are the top competitors of xBacked?
Who are xBacked's investors?
xBacked has 5 investors. Key investors include Delphi Digital, Borderless, Arrington Capital, Mechanism Capital, and Meld Ventures.
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