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. 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.
- Total Equity Funding$25.53M (USD)
in 1 rounds
- Latest Funding Round$25.53M (USD), Series B
Aug 2021
- InvestorsCoinbase
& 3 more
- Employee Count19
Products & Services of XMTP
XMTP offers a comprehensive portfolio of products and services, including Messaging Network, Payments Integration, and Identity Management.
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.
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 $25.53M
- Total Rounds 1
- Last Round Series B — $25.53M
- First Round $25.53M
(Aug 2021)
- Investors Count 4
All 1 funding rounds of XMTP with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
4 investors in total: 3 institutional and 1 angel.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital investments in technology sectors are handled by Andreessen Horowitz. | – | a16z.com | - | |
Nascent is engaged in building and investing in open financial markets. | – | nascent.xyz | - | |
Cryptocurrency trading, storage, and exchange services are offered online. | 2012 | coinbase.com | San Francisco, United States | |
JW Jason Warner | Angel investor, ex-CTO of GitHub, backing Indian startups | – | unknown_6b75f1c335e24b3b9 | - |
Investor details for XMTP
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People of XMTP
13 people are tracked at XMTP (9 in leadership, 4 in team); the tracked headcount is 19.
| Name | Role | Group |
|---|---|---|
Matthew Galligan | Co-Founder & CEO | Leadership |
Shane McSimov | Co-Founder | Leadership |
Saul Carlin | Director, Product Management | Leadership |
Matt Galligan | Co-founder & Board Member | Leadership |
Peter Denton | Head of Growth | Leadership |
Ed Medvedev | Chief Technology Officer | Leadership |
Ashley Bassett | Chief Operating Officer | Leadership |
Darick Dang | Head of Design | Leadership |
Nicholas Molnar | CTO | Leadership |
Caroline McGuire | Business Operations Generalist | Team |
Eleanor Hofstedt | Senior Product Manager | Team |
Fabrizio Guespe | Developer Relations Engineer | Team |
Richard Hua | Principal Software Engineer | Team |
Complete people profiles for XMTP
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Timeline of XMTP
2 dated milestones of XMTP across 18 years, from founding to its latest funding, stage changes and deals.
- Founded XMTP is founded.
- Funding First funding round of $25.5M.
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.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| manta.network | 2020 | Boston, United States | $31.6M | – | Provider of data privacy solutions provider | |
| scrt.network | 2020 | Chicago, United States | $411.5M | – | Cloud and blockchain based data privacy platform for Web 3 | |
| ata.network | 2021 | Singapore | $3.4M | – | Data privacy solutions provider | |
| hexagate.com | 2022 | – | – | – | Web3 security risks are detected and mitigated by HEXAGATE extension. | |
| nulink.org | 2021 | Gothenburg, Sweden | $15.3M | – | Blockchain-based data privacy solutions for applications are provided. | |
| elusiv.io | 2022 | Zug, Switzerland | $3.5M | – | Offering Web 3 data privacy solutions | |
| beosin.com | 2018 | Singapore | $20M | – | Web3 blockchain security platform for smart contracts and dApps. | |
| axel.org | 2013 | Las Vegas, United States | – | 2 | Digital currency for payments is provided by AXEL. | |
| blockfence.io | 2022 | Tel Aviv, Israel | – | – | Security solutions for Web3 ecosystems are delivered via browser plugins. |
Detailed competitors of XMTP
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
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Web traffic of XMTP
The website of XMTP (xmtp.org) receives about 10.1K visits a month.
- Monthly visits10.1K
▲ 68.7% vs previous month
Latest news on Xmtp
Complete news archive for XMTP
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Similar companies to XMTP
10 companies that operate in the same segment as XMTP (Cybersecurity & Data Protection), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud based website security solutions | 2009 | San Francisco, California, United States | USD 332.1 M | USD 1.67 B | 4,260 | |
Cybersecurity and zero trust solutions are delivered for secure networks. | 2007 | San Jose, California, United States | USD 148 M | USD 3.35 B | 2,241 | |
Cloud-based identity management solutions are provided for enterprises. | 2002 | Denver, Colorado, United States | USD 136.89 M | USD 36.94 M | 821 | |
Ledger is recognized for providing secure cryptocurrency hardware wallets. | 2014 | Paris, France | USD 575.4 M | – | – | |
AI-based software suites are developed for navigation applications. | 1893 | Paris, France | – | USD 26.01 B | 83,020 | |
Cloud based platform offering IT operational data and security analytics software | 2003 | San Francisco, California, United States | USD 40 M | USD 2.59 M | 108 | |
Cloud-based enterprise management solutions including backup and recovery are provided. | 2003 | Singapore, Singapore | USD 658 M | – | – | |
Cloud-based identity management and authentication are provided for enterprises. | 2009 | San Francisco, California, United States | USD 231.3 M | USD 2.92 B | 5,910 | |
Cloud and application performance management platform is provided. | 2010 | New York, New York, United States | USD 147.19 M | USD 2.68 B | 6,500 | |
Identity security solutions are provided to secure identities across infrastructures. | 1999 | Petah Tikva, Central District, Israel | USD 59 M | USD 1 B | 3,790 |
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Frequently Asked Questions about XMTP
XMTP was founded in 2003 and raised its 1st funding round 18 years after it was founded.
XMTP is headquartered in Wilmington, United States. It is registered at Wilmington, Delaware, United States.
Matthew Galligan is the current CEO of XMTP. They have also founded this 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 2021.
XMTP has 19 employees.
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.
XMTP's top competitors include Manta Network, Secret Network and HEXAGATE.
XMTP offers Messaging Network, Payments Integration, and Identity Management.
XMTP has 4 investors. Key investors include Coinbase, Andreessen Horowitz, Nascent, and Jason Warner.
XMTP operates through Xmtp Labs, Inc..