Total amount raised
$244 Millions
Latest funding date
Location
World has successfully raised significant funding over multiple rounds, attracting notable investors such as Blockchain Capital and G42. The platform connects users through a privacy-focused network, offering secure digital asset management and a globally inclusive financial system.
Keep reading to explore the intricacies of World’s fundraising journey and the investors backing this innovative platform.
What Is World?
Founded in 2019, World is headquartered in Berlin, Germany. The company was established by Alex Blania and Saturnin Pugnet. With a team of 101-250 employees, World focuses on creating a privacy-centric human network.
World offers a suite of tools including World ID for identity verification, World App for financial transactions, and World Chain, a blockchain network. These tools aim to enhance global connectivity and trust through secure digital asset management.
By leveraging these technologies, World connects users in a secure and inclusive financial system, promoting a globally connected community.
How Much Funding Has World Raised?
- Seed Round
- Amount Raised: $4M
- Date: January 2019
- Lead Investors: Apollo Projects
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the development of World’s privacy-focused network and digital asset management tools.
- Series A
- Amount Raised: $25M
- Date: October 2021
- Lead Investors: Andreessen Horowitz
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and accelerate the development of World ID and World App.
- Series B
- Amount Raised: $100M
- Date: March 2022
- Lead Investors: Andreessen Horowitz
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale the platform and enhance the blockchain infrastructure of World Chain.
- Series C
- Amount Raised: $115M
- Date: May 2023
- Lead Investors: Blockchain Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the development and distribution of Worldcoin and further the growth of the World App.
Total Amount Raised: $244M. Current Valuation: Not publicly disclosed.
Key Investors
- Blockchain Capital
- Details: Blockchain Capital is a venture capital firm that focuses on blockchain technology and the cryptocurrency ecosystem. Founded in 2013, it has been a pioneer in the blockchain investment space.
- Investment Focus Areas: Blockchain, cryptocurrency, decentralized finance (DeFi).
- Notable Investments: Coinbase, Ripple, Kraken.
- Andreessen Horowitz (a16z)
- Details: Andreessen Horowitz, also known as a16z, is a private venture capital firm founded in 2009. It is known for its significant investments in technology and innovation.
- Investment Focus Areas: Technology, blockchain, artificial intelligence (AI).
- Notable Investments: Facebook, Airbnb, Coinbase.
- Apollo Projects
- Details: Apollo Projects is an investment firm that focuses on early-stage startups. It aims to support innovative projects with high growth potential.
- Investment Focus Areas: Technology, fintech, healthcare.
- Notable Investments: Not publicly disclosed.
- Bain Capital Crypto
- Details: Bain Capital Crypto is a division of Bain Capital, a global private investment firm. It focuses on investments in the cryptocurrency and blockchain sectors.
- Investment Focus Areas: Cryptocurrency, blockchain, fintech.
- Notable Investments: Not publicly disclosed.
- Distributed Global
- Details: Distributed Global is an investment firm that specializes in digital assets and blockchain technology. It aims to support the growth of decentralized technologies.
- Investment Focus Areas: Blockchain, digital assets, decentralized applications (dApps).
- Notable Investments: Not publicly disclosed.
What's Next for World?
World is poised to capitalize on the growing interest in digital assets and biometric technology. With $115 million raised in its Series C round, the company aims to distribute its unique crypto token globally, leveraging iris scanning for identity verification. This opportunity is vast, given the increasing demand for secure and private digital transactions.
Future fundraising seems promising, as the involvement of high-profile investors like Blockchain Capital and a16z indicates strong market confidence. However, World must navigate privacy concerns and regulatory challenges, especially in regions where its token is not available. Successfully addressing these issues will be crucial for sustained growth and further investment.
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