About Zengo
Zengo is a company based in Tel Aviv (Israel) founded in 2017 by Ouriel Ohayon.. Zengo has raised $52 million across 4 funding rounds from investors including Samsung, FJ Labs and Elron Ventures. Zengo has completed 1 acquisition, including Minke. Zengo operates in a competitive market with competitors including Centbee, Ethos.io, Bitski, Lit Protocol and Cosmostation, among others.
- Headquarter Tel Aviv, Israel
- Founders Ouriel Ohayon
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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Funding Insights of Zengo
Zengo has successfully raised a total of $52M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $24 million completed in May 2022. 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 4
- Last Round Series A — $24.0M
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First Round
First Round
(02 Oct 2018)
- Investors Count 12
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2022 | Amount | Series A - Zengo | Valuation | Insight Partners | |
| Apr, 2021 | Amount | Series A - Zengo | Valuation | Insight Partners | |
| Apr, 2019 | Amount | Series A - Zengo | Valuation | Benson Oak Ventures , Samsung |
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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 Zengo
Zengo has secured backing from 12 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Samsung, FJ Labs and Elron Ventures. 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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Investment firm scaling software and technology companies from early to late stages.
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Founded Year | Domain | Location | |
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Venture capital fund investing in early-stage tech startups
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Founded Year | Domain | Location | |
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Blockchain projects are funded by this venture capital firm.
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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 Zengo
Zengo has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Minke. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Cryptocurrency is saved, earned, and invested through an online platform.
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2021 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Zengo
| 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 |
Zengo Comparisons
Competitors of Zengo
Zengo 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 Centbee, Ethos.io, Bitski, Lit Protocol and Cosmostation, 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 |
App-based cold wallet for cryptocurrency
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| domain | founded_year | HQ Location |
Blockchain protocols and financial systems are bridged by Ethos.io's platform.
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| domain | founded_year | HQ Location |
A cold wallet for managing cryptocurrencies and collectibles is provided.
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| domain | founded_year | HQ Location |
Blockchain-based network for decentralized composability and encryption
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| domain | founded_year | HQ Location |
Wallet solutions for digital assets are provided through decentralized platforms.
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| domain | founded_year | HQ Location |
Multi-chain digital wallet for EOS blockchain users is developed.
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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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Latest news on Zengo
Frequently Asked Questions about Zengo
When was Zengo founded?
Zengo was founded in 2017 and raised its 1st funding round 1 year after it was founded.
Where is Zengo located?
Zengo is headquartered in Tel Aviv, Israel.
Who is the current CEO of Zengo?
Ouriel Ohayon is the current CEO of Zengo. They have also founded this company.
Is Zengo a funded company?
Zengo is a funded company, having raised a total of $52M across 4 funding rounds to date. The company's 1st funding round was a Series A of $4M, raised on Oct 02, 2018.
What does Zengo do?
ZenGo was founded in 2017 in Tel Aviv, Israel, within the cryptocurrency sector. A keyless mobile wallet is offered, replacing traditional private keys with open-source threshold cryptography and distributed servers. The application supports secure storage and transactions for digital assets and is available on Android and iOS platforms. Operations focus on user-friendly security without seed phrases or recovery tools.
Who are the top competitors of Zengo?
Zengo's top competitors include Ethos.io, Bitski and Cosmostation.
How many acquisitions has Zengo made?
Zengo has made 1 acquisition, including Minke.
Who are Zengo's investors?
Zengo has 12 investors. Key investors include Samsung, FJ Labs, Elron Ventures, Insight Partners, and Samsung NEXT.