Total amount raised
$1.8 Billion
Latest funding date
1/1/2022
Location
FTX has successfully raised significant funding over multiple rounds, achieving a notable valuation. The platform collapsed in November 2022, and its court-approved Chapter 11 wind-down plan took effect in January 2025.
What Is FTX?
FTX was once among the world's top cryptocurrency exchanges before it collapsed and filed for Chapter 11 bankruptcy in November 2022.
Founder Sam Bankman-Fried was sentenced in March 2024 to 25 years in prison for stealing from FTX customers.
How Much Funding Has FTX Raised?
- Seed Round
- Amount Raised: USD 8,000,000
- Date: January 2018
- Seed Round
- Amount Raised: USD 8,000,000
- Date: August 2019
- Corporate Round
- Date: December 2019
- Lead Investors: Binance
- Series B
- Amount Raised: USD 1,000,000,000
- Date: July 2021
- Lead Investors: Sequoia Capital
- Series B
- Amount Raised: USD 420,690,000
- Date: October 2021
- Lead Investors: Ontario Teachers' Pension Plan, Sequoia Capital
- Series C
- Amount Raised: USD 400,000,000
- Date: January 2022
- Lead Investors: SoftBank Vision Fund, Temasek Holdings
- Series Unknown
- Date: March 2022
- Lead Investors: Naomi Osaka
FTX has raised a total of USD 1,836,690,000 across all funding rounds. Two round amounts were not disclosed.
Key Investors
- Sequoia Capital
- Details: Sequoia Capital is a renowned venture capital firm based in Menlo Park, California. It has a long history of investing in early-stage and growth-stage companies.
- Investment Focus Areas: Technology, healthcare, consumer services.
- Notable Investments: Apple, Google, Airbnb.
- SoftBank Vision Fund
- Details: SoftBank Vision Fund is one of the largest technology-focused investment funds in the world, managed by SoftBank Group. It aims to invest in market-leading, tech-driven companies.
- Investment Focus Areas: Artificial intelligence, robotics, telecommunications.
- Notable Investments: Uber, WeWork, ByteDance.
- Temasek Holdings
- Details: Temasek Holdings is a Singaporean investment company owned by the government of Singapore. It manages a diversified global portfolio.
- Investment Focus Areas: Financial services, telecommunications, media.
- Notable Investments: Alibaba, DBS Bank, Singapore Airlines.
- Ontario Teachers' Pension Plan
- Details: Ontario Teachers' Pension Plan is one of Canada's largest institutional investors, managing the retirement funds of Ontario's teachers. It has a diversified investment portfolio.
- Investment Focus Areas: Real estate, infrastructure, private equity.
- Notable Investments: GFL Environmental, Camelot Group, PODS.
- Binance
- Details: Binance is one of the world's largest cryptocurrency exchanges by trading volume. It offers a platform for trading various cryptocurrencies.
- Investment Focus Areas: Cryptocurrency, blockchain technology, fintech.
- Notable Investments: TravelbyBit, FTX, Trust Wallet.
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