CoinList has successfully raised $119.2 million over three funding rounds, achieving a valuation of $1.5 billion. The platform offers a comprehensive suite of services for investors, developers, and blockchain companies.
Keep reading to explore the intricacies of CoinList's fundraising journey and the investors backing this innovative platform.
What Is CoinList?
CoinList, founded in August 2017 by Joshua Slayton and Paul Menchov, is a platform that empowers early adopters to invest in and trade the best digital assets. The company operates out of New York City and San Francisco, providing a comprehensive suite of services for investors, developers, and blockchain companies.
With a team of 51-200 employees, CoinList allows users to invest in and trade Bitcoin, Ether, and access new digital assets before they list on exchanges. Developers can contribute to protocols like Coda, Numerai, Chainlink, and 0x, while blockchain companies can manage token sales, meet compliance requirements, and handle payments and token distributions.
CoinList's mission is to drive the success of the best crypto projects in the world by empowering communities to invest in and trade new digital assets and develop on top of their networks. For more information, visit their official website or their Wellfound career page.
How Much Funding Has CoinList Raised?
- Series A Round
- Amount Raised: $100,000,000
- Date: October 2021
- Lead Investors: Accomplice VC, Agman
- Valuation at Round: $1.5B
- Motivation Behind the Round: To expand business operations, support its community, and launch new product offerings.
- Seed Round
- Amount Raised: $10,000,000
- Date: October 2019
- Lead Investors: Jack Dorsey
- Motivation Behind the Round: To support CoinList's mission of helping startups raise money through token sales.
- Seed Round
- Amount Raised: $9,200,000
- Date: April 2018
- Lead Investors: Polychain Capital, Blockchain Capital, FBG Capital
- Motivation Behind the Round: To expand CoinList's ICO services and provide legal compliance services.
Total Amount Raised: $119,200,000. Current Valuation: $1.5B.
Key Investors
- Accomplice
- Details: Accomplice is a venture capital firm that led the Series A funding round for CoinList. They are known for their hands-on approach and deep network in the tech industry.
- Investment Focus Areas: Technology, innovation, early-stage startups
- Notable Investments: AngelList, Carbon Black, DraftKings
- Agman
- Details: Agman is a diversified investment firm that co-led the Series A funding round for CoinList. They focus on long-term value creation across various sectors.
- Investment Focus Areas: Technology, real estate, consumer goods
- Notable Investments: Not specified
- Jack Dorsey
- Details: Jack Dorsey is the CEO of Twitter and a prominent advocate of Bitcoin and cryptocurrency. He invested in CoinList during its seed round.
- Investment Focus Areas: Cryptocurrency, blockchain technology
- Notable Investments: Square, Twitter, CoinList
- Polychain Capital
- Details: Polychain Capital is a token-focused fund that participated in CoinList's seed round. They are known for their significant investments in the blockchain space.
- Investment Focus Areas: Digital tokens, blockchain technology
- Notable Investments: Not specified
- Blockchain Capital
- Details: Blockchain Capital is a venture capital firm specializing in blockchain technology. They have been early backers of many successful blockchain projects.
- Investment Focus Areas: Blockchain technology, digital assets, fintech
- Notable Investments: Coinbase, Ripple, Kraken
What's Next for CoinList?
CoinList stands at the cusp of significant growth opportunities, driven by the increasing adoption of cryptocurrencies and the platform's ability to support early-stage token projects. With a user base of 4.5 million across 170 nations and a monthly trading volume of $1 billion, the potential for expansion is immense. The recent $100 million Series A funding round, which elevated CoinList to unicorn status, underscores the confidence investors have in its future.
Looking ahead, CoinList may explore further fundraising opportunities to fuel its expansion into fast-growing regions like the Middle East, Europe, and Asia. The platform's focus on launching new product offerings and supporting its community of early adopters positions it well for continued success. However, challenges such as navigating regulatory environments and maintaining growth amidst increasing competition will require strategic planning and adaptability.
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