About XMTP
XMTP is a company based in Wilmington (United States) founded in 2003 by Matthew Galligan and Shane McSimov.. XMTP has raised $25.53 million across 1 funding round from investors including Coinbase, Andreessen Horowitz and Nascent. The company has 19 employees as of December 31, 2024. XMTP offers products and services including Messaging Network, Payments Integration, and Identity Management. XMTP operates in a competitive market with competitors including Manta Network, Secret Network, Automata Network, HEXAGATE and NuLink, among others.
- Headquarter Wilmington, United States
- Employees 19 as on 31 Dec, 2024
- Founders Matthew Galligan, Shane McSimov
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Xmtp Labs, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$25.53 M (USD)
in 1 rounds
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Latest Funding Round
$25.53 M (USD), Series B
Aug 31, 2021
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Investors
Coinbase
& 3 more
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Employee Count
19
as on Dec 31, 2024
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Products & Services of XMTP
XMTP offers a comprehensive portfolio of products and services, including Messaging Network, Payments Integration, and Identity Management. 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.
Secure protocol for decentralized chats and notifications in web3 apps.
System for embedding peer-to-peer payments into messaging services.
Framework for unifying wallet addresses into secure messaging identities.
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Funding Insights of XMTP
XMTP has successfully raised a total of $25.53M through 1 strategic funding round. The most recent funding activity was a Series B round of $25.53 million completed in August 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 Series B — $25.5M
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First Round
First Round
(31 Aug 2021)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2021 | Amount | Series B - XMTP | Valuation | a16z |
| 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 XMTP
XMTP has secured backing from 4 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Coinbase, Andreessen Horowitz and Nascent. 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 investments in technology sectors are handled by Andreessen Horowitz.
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Founded Year | Domain | Location | |
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Nascent is engaged in building and investing in open financial markets.
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Founded Year | Domain | Location | |
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Cryptocurrency trading, storage, and exchange services are offered online.
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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 XMTP
| 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 - XMTP
| 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 |
Xmtp Comparisons
Competitors of XMTP
XMTP 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 Manta Network, Secret Network, Automata Network, HEXAGATE and NuLink, 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 |
Provider of data privacy solutions provider
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| domain | founded_year | HQ Location |
Cloud and blockchain based data privacy platform for Web 3
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| domain | founded_year | HQ Location |
Data privacy solutions provider
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| domain | founded_year | HQ Location |
Web3 security risks are detected and mitigated by HEXAGATE extension.
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| domain | founded_year | HQ Location |
Blockchain-based data privacy solutions for applications are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Xmtp
Frequently Asked Questions about XMTP
When was XMTP founded?
XMTP was founded in 2003 and raised its 1st funding round 18 years after it was founded.
Where is XMTP located?
XMTP is headquartered in Wilmington, United States. It is registered at Wilmington, Delaware, United States.
Who is the current CEO of XMTP?
Matthew Galligan is the current CEO of XMTP. They have also founded this company.
Is XMTP a funded company?
XMTP is a funded company, having raised a total of $25.53M across 1 funding round to date. The company's 1st funding round was a Series B of $25.53M, raised on Aug 31, 2021.
How many employees does XMTP have?
As of Dec 31, 2024, the latest employee count at XMTP is 19.
What does XMTP do?
Offering secure web3 messaging solution. Build with XMTP to send messages between blockchain accounts, including DMs, alerts, announcements, and more. The features offered by the platform are, enables apps to keep users informed with timely event-based notifications, apps enable to engage users with meaningful one-to-many messaging, and users can connect and build community with one-to-one messaging.
Who are the top competitors of XMTP?
XMTP's top competitors include Manta Network, Secret Network and HEXAGATE.
What products or services does XMTP offer?
XMTP offers Messaging Network, Payments Integration, and Identity Management.
Who are XMTP's investors?
XMTP has 4 investors. Key investors include Coinbase, Andreessen Horowitz, Nascent, and Jason Warner.
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