What is ShapeShift?
ShapeShift operates as a key player in the blockchain technology space, offering a suite of crypto products and a digital marketplace for the buying and selling of digital assets. Headquartered in Switzerland with an additional office in Denver, Colorado, the company has established itself as a significant entity since its founding in 2014. Its business model focuses on providing accessible tools and services within the rapidly evolving cryptocurrency ecosystem.
How much funding has ShapeShift raised?
ShapeShift has raised a total of $12.8M across 3 funding rounds:
Angel/Seed
$792K
Debt
$1.6M
Series A
$10.4M
Angel/Seed (2015): $792K, investors not publicly disclosed
Debt (2015): $1.6M led by Digital Currency Group
Series A (2017): $10.4M supported by Blockchain Capital, Digital Currency Group, Lakestar, Pantera Capital, FundersClub, Earlybird Venture Capital, and Access Venture Partners
Key Investors in ShapeShift
Blockchain Capital
Blockchain Capital is an early and active venture investor in the blockchain industry, financing over 110 companies and projects. They invest in both equity and crypto assets across multiple stages and pioneered the world's first tokenized investment fund.
Digital Currency Group
Digital Currency Group is a holding company focused on accelerating the development of a better financial system through investments in bitcoin and blockchain companies. They are a significant investor in the digital currency industry and operate leading firms like Genesis Trading and Grayscale Investments.
Lakestar
Lakestar is a venture capital firm dedicated to partnering with visionary tech entrepreneurs, focusing on sectors like Deep Tech, Healthcare, Fintech, and Digitalisation. They invest from Seed to Growth stages and are deeply embedded in the European technology ecosystem.
What's next for ShapeShift?
The recent major strategic investment in ShapeShift signals a pivotal moment for the company, likely enabling further expansion of its product offerings and market reach. Given the enterprise-level nature of its total funding, ShapeShift appears poised for significant scaling, potentially exploring new technological advancements, strategic partnerships, or market penetration initiatives. The company's trajectory suggests a focus on solidifying its position as a leader in the digital asset marketplace and blockchain technology services.
See full ShapeShift company page
