Total amount raised
$10 Million
Latest funding date
2023-06-01
Location
Galxe has established itself as a pivotal platform in the Web3 ecosystem, offering a suite of products designed to facilitate growth and engagement. The platform's offerings include Galxe Quest, Galxe Starboard, Galxe Earndrop, Galxe Passport, Galxe Score, and the Galxe Identity Protocol.
Backed by premier investors, Galxe continues to innovate with its high-performance Layer 1 blockchain, Gravity, set to launch its mainnet in Q4 2025. Keep reading to explore the intricacies of Galxe's fundraising journey and the investors backing this innovative platform.
What Is Galxe?
Galxe is an industry-leading Web3 growth platform powered by analytics, automation, and engagement solutions. It offers a variety of tools and services to help developers, enterprises, and everyday users engage with the Web3 ecosystem.
The platform includes solutions for community growth, data-driven analytics, token distribution, secure identity management, and reputation scoring. Trusted by leading brands in the Web3 space, Galxe aims to provide a full-stack suite for performance, helping teams launch faster, grow smarter, and build stronger connections.
How Much Funding Has Galxe Raised?
- Seed Round
- Amount Raised: Not specified
- Date: November 2021
- Lead Investors: Binance Smart Chain
- Series A Round
- Amount Raised: USD 10,000,000
- Date: January 2022
- Lead Investors: Dragonfly Capital Management, Multicoin Capital
- Series A Round
- Amount Raised: Not specified
- Date: June 2023
- Lead Investors: Not specified
In total, Galxe has raised USD 10,000,000 across its funding rounds.
Key Investors
- Binance Smart Chain
- Details: Binance Smart Chain is a blockchain network built for running smart contract-based applications. It aims to provide a high-performance infrastructure for decentralized applications (dApps).
- Investment Focus Areas: Blockchain, DeFi, NFTs
- Notable Investments: PancakeSwap, Venus, BakerySwap
- Dragonfly Capital Management
- Details: Dragonfly Capital Management is a global crypto asset management firm. They focus on bridging the gap between East and West in the crypto space.
- Investment Focus Areas: Blockchain, DeFi, Web3
- Notable Investments: Compound, dYdX, MakerDAO
- Multicoin Capital
- Details: Multicoin Capital is a thesis-driven investment firm that invests in cryptocurrencies, tokens, and blockchain companies. They are known for their deep research and strategic investments.
- Investment Focus Areas: Blockchain, DeFi, Web3
- Notable Investments: Solana, Helium, The Graph
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