Total amount raised
Latest funding date
Location
Galxe has emerged as a pivotal platform in the Web3 ecosystem, offering a suite of tools designed to facilitate community growth, engagement, and secure identity management. The platform's offerings include Galxe Quest, Galxe Earndrop, Galxe Passport, Galxe Score, and the Galxe Identity Protocol, each tailored to meet the diverse needs of Web3 users and enterprises.
Keep reading to explore the intricacies of Galxe's fundraising journey and the investors backing this innovative platform.
What Is Galxe?
Galxe is a prominent player in the Web3 and blockchain technology industry, offering a comprehensive suite of tools and services designed to facilitate growth and engagement within the Web3 ecosystem. The platform focuses on analytics, automation, and engagement solutions to help projects and users thrive.
Galxe's offerings include community engagement platforms, token distribution services, identity management solutions, and reputation scoring systems. Additionally, the company is developing a high-performance blockchain called Gravity, set to launch in Q4 2025. Trusted by numerous brands and millions of users, Galxe emphasizes data-driven, battle-tested, and all-in-one solutions for both enterprise clients and everyday users.
How Much Funding Has Galxe Raised?
- Seed Round
- Amount Raised: $1.5 million
- Date: January 2021
- Lead Investors: Binance Labs, Multicoin Capital
- Series A
- Amount Raised: $10 million
- Date: June 2021
- Lead Investors: Coinbase Ventures, Pantera Capital
- Series B
- Amount Raised: $25 million
- Date: March 2022
- Lead Investors: a16z, Polychain Capital
In total, Galxe has raised $36.5 million.
Key Investors
- Binance Labs
- Details: Binance Labs is the venture capital arm of Binance, one of the world's largest cryptocurrency exchanges. It focuses on identifying and supporting blockchain projects with high potential.
- Investment Focus Areas: Blockchain, cryptocurrency, decentralized finance (DeFi)
- Notable Investments: FTX, CertiK, Terra
- Multicoin Capital
- Details: Multicoin Capital is a thesis-driven investment firm that invests in cryptocurrencies, tokens, and blockchain companies. The firm is known for its deep research and strategic investments in the blockchain space.
- Investment Focus Areas: Blockchain, cryptocurrency, Web3
- Notable Investments: Solana, Helium, The Graph
- Coinbase Ventures
- Details: Coinbase Ventures is the investment arm of Coinbase, a leading cryptocurrency exchange. It aims to support early-stage cryptocurrency and blockchain startups.
- Investment Focus Areas: Blockchain, cryptocurrency, decentralized applications (dApps)
- Notable Investments: Compound, BlockFi, OpenSea
- Pantera Capital
- Details: Pantera Capital is a prominent investment firm focused exclusively on ventures, tokens, and projects related to blockchain technology, digital currency, and crypto assets.
- Investment Focus Areas: Blockchain, cryptocurrency, fintech
- Notable Investments: Bitstamp, Circle, Brave
- a16z (Andreessen Horowitz)
- Details: Andreessen Horowitz, also known as a16z, is a venture capital firm that backs bold entrepreneurs building the future through technology. It has a strong focus on disruptive innovation.
- Investment Focus Areas: Blockchain, cryptocurrency, technology
- Notable Investments: Coinbase, Dapper Labs, Uniswap
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