Total amount raised
$75.9 Million
Latest funding date
08/01/2024
Location
Fetch.AI has successfully raised funds through 8 different funding rounds, attracting a diverse group of 8 investors, including notable names like Abhigyan Borah and BlockBase Ventures. The platform specializes in providing personal AI agents to help users manage everyday tasks, offering a marketplace called Agentverse for discovering and building intelligent agents.
Keep reading to explore the intricacies of Fetch.AI's fundraising journey and the investors backing this innovative platform.
What Is Fetch.AI?
Fetch.AI, based in Cambridge, Cambridgeshire, United Kingdom, operates in the fields of Artificial Intelligence, Blockchain, Cryptocurrency, Internet, Machine Learning, and Software. The company employs between 51-100 people and has been acquired by the Artificial Superintelligence Alliance.
Fetch.AI specializes in developing a decentralized network for digital representatives to find, communicate, and trade with each other. The platform offers personal AI agents to assist with tasks such as booking flights, making reservations, and managing schedules, and features a marketplace called Agentverse for building and discovering intelligent agents.
How Much Funding Has Fetch.AI Raised?
- Round Name: Seed
- Amount Raised: USD 15,000,000
- Date: June 2018
- Lead Investors: Outlier Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the development of Fetch.AI's decentralized network and AI agents.
- Round Name: Initial Coin Offering
- Amount Raised: USD 6,000,000
- Date: February 2019
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To fund the launch and initial operations of Fetch.AI's platform.
- Round Name: Series Unknown
- Amount Raised: USD 5,000,000
- Date: March 2021
- Lead Investors: GDA Group
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the platform's capabilities and market reach.
- Round Name: Series Unknown
- Amount Raised: EUR 36,690,000
- Date: March 2023
- Lead Investors: DWF Labs
- Valuation at Round: USD 250,000,000
- Motivation Behind the Round: To deploy decentralized machine learning, autonomous agents, and network infrastructure.
- Round Name: Corporate Round
- Amount Raised: EUR 9,100,000
- Date: April 2023
- Lead Investors: Bitget
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance the platform's AI and blockchain capabilities.
- Round Name: Undisclosed
- Amount Raised: Not publicly disclosed
- Date: October 2023
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing development and expansion efforts.
- Round Name: Series B
- Amount Raised: Not publicly disclosed
- Date: August 2024
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance technological infrastructure.
- Round Name: Undisclosed
- Amount Raised: USD 2,000,000
- Date: September 2025
- Lead Investors: Abhigyan Borah
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop AI capabilities and expand market presence.
Total Amount Raised: USD 74,790,000
Current Valuation: USD 250,000,000
Key Investors
- Abhigyan Borah
- Details: Abhigyan Borah is a lead investor in multiple funding rounds for Fetch.AI. He has played a significant role in the company's financial backing.
- Investment Focus Areas: Not publicly disclosed
- Notable Investments: Fetch.AI
- Bitget
- Details: Bitget is a global cryptocurrency exchange and one of the investors in Fetch.AI. They focus on providing secure and efficient trading services.
- Investment Focus Areas: Cryptocurrency, Blockchain, Trading
- Notable Investments: Fetch.AI
- DWF Labs
- Details: DWF Labs is a multi-stage Web3 investment company and market maker of digital assets based in Singapore. They support their portfolio businesses with cryptocurrency listing, market making, and OTC trading solutions.
- Investment Focus Areas: Web3 technologies, Digital assets, Cryptocurrency listing, Market making, OTC trading solutions
- Notable Investments: Fetch.AI
- GDA Group
- Details: GDA Group is a leading digital asset firm that provides capital markets advisory and trading services. They are known for their expertise in blockchain and digital assets.
- Investment Focus Areas: Blockchain, Digital assets, Capital markets
- Notable Investments: Fetch.AI
- Outlier Ventures
- Details: Outlier Ventures is a venture capital firm that focuses on investing in blockchain and Web3 technologies. They have been instrumental in supporting early-stage startups in these sectors.
- Investment Focus Areas: Blockchain, Web3 technologies, Decentralized finance
- Notable Investments: Fetch.AI
What's Next for Fetch.AI?
Fetch.AI stands at the cusp of significant opportunities, driven by its recent $40 million funding round. The company aims to deploy decentralized machine learning, autonomous agents, and robust network infrastructure, creating a fertile ground for developers to build and monetize applications. This financial backing underscores the vast potential for growth in the AI and blockchain sectors.
Future fundraising opportunities appear promising as Fetch.AI continues to innovate and expand its platform. The substantial investment from DWF Labs and the growing interest in decentralized technologies suggest that additional funding rounds or strategic partnerships are likely. However, the company must navigate challenges such as competition, technical hurdles, and market adoption to fully realize its vision.
Use Clay to Get Funding Data
Sales professionals, take your strategy to the next level by leveraging Clay’s platform to access comprehensive fundraising data on companies like Fetch.AI and gather other critical business insights. Sign up for free and unlock the potential to make informed decisions and drive your sales success.
