About Xverse
Xverse is a company based in Hong Kong (China) founded in 2021. It operates as a SaaS (Software-as-a-Service), and Freemium. Xverse has raised $9 million across 2 funding rounds from investors including Alliance Data, Jump Crypto and RockawayX. Xverse offers products and services including Xverse Wallet, Xverse API, and Bitcoin Yield. Xverse operates in a competitive market with competitors including Tokocrypto, Keplr, MetaMask, Leap Wallet and Venly, among others.
- Headquarter Hong Kong, China
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
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- Legal Name Secret Key Labs Limited
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$9 M (USD)
in 2 rounds
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Latest Funding Round
$5 M (USD), Seed
Aug 10, 2023
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Investors
Alliance Data
& 20 more
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Employee Count
Employee Count
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Products & Services of Xverse
Xverse offers a comprehensive portfolio of products and services, including Xverse Wallet, Xverse API, and Bitcoin Yield. 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.
A secure wallet for managing Bitcoin assets.
APIs for building Bitcoin-related applications securely.
Service to earn yield on Bitcoin holdings.
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Funding Insights of Xverse
Xverse has successfully raised a total of $9M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $5 million completed in August 2023. 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 2
- Last Round Seed — $5.0M
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First Round
First Round
(01 Oct 2022)
- Investors Count 21
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Aug, 2023 | Amount | Seed - Xverse | Valuation | Jump Crypto | |
| Oct, 2022 | Amount | Seed - Xverse | Valuation | New Layer Capital , Perpetual Value Partners |
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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 Xverse
Xverse has secured backing from 21 investors, including institutional and venture fund investors. Prominent investors backing the company include Alliance Data, Jump Crypto and RockawayX. 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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Early-stage web3 investments are targeted by RockawayX.
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Founded Year | Domain | Location | |
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Venture capital firm focused on non-fungible tokens and associated assets
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Founded Year | Domain | Location | |
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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 Xverse
| 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 - Xverse
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Xverse Comparisons
Competitors of Xverse
Xverse 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 Tokocrypto, Keplr, MetaMask, Leap Wallet and Venly, 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 |
Cryptocurrencies are sent, received, traded, and stored via wallet solutions.
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| domain | founded_year | HQ Location |
IBC-enabled wallet offered for Interchain and Cosmos ecosystems.
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| domain | founded_year | HQ Location |
Browser-based hot wallet for cryptocurrency management and transactions is provided.
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| domain | founded_year | HQ Location |
Non-custodial wallet for cryptocurrencies and NFTs is offered online.
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| domain | founded_year | HQ Location |
NFTs are facilitated via an online wallet and marketplace.
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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 Xverse
Frequently Asked Questions about Xverse
When was Xverse founded?
Xverse was founded in 2021 and raised its 1st funding round 1 year after it was founded.
Where is Xverse located?
Xverse is headquartered in Hong Kong, China.
Is Xverse a funded company?
Xverse is a funded company, having raised a total of $9M across 2 funding rounds to date. The company's 1st funding round was a Seed of $4M, raised on Oct 01, 2022.
What does Xverse do?
Xverse is established as a secure Bitcoin wallet solution, enabling users to buy, hold, and trade Bitcoin assets. It supports self-custody, ensuring full control over digital assets. The platform integrates with Bitcoin DeFi and Web3 ecosystems, offering access to dApps on Stacks, Starknet, and other Layer 2 solutions. Additionally, features for earning yield on Bitcoin and trading Ordinals and Runes are provided. Xverse serves as a gateway to the BitcoinFi economy, catering to both individual users and developers through its robust API infrastructure.
Who are the top competitors of Xverse?
Xverse's top competitors include Tokocrypto, Keplr and MetaMask.
What products or services does Xverse offer?
Xverse offers Xverse Wallet, Xverse API, and Bitcoin Yield.
Who are Xverse's investors?
Xverse has 21 investors. Key investors include Alliance Data, Jump Crypto, RockawayX, Sfermion, and NGC Ventures.
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