What is ShapeShift?
ShapeShift, established in 2014 and headquartered in Switzerland with an office in Denver, Colorado, is a leading blockchain technology company. It operates a suite of crypto products and a digital marketplace facilitating the buying and selling of digital assets. The company's focus on innovation within the cryptocurrency space has positioned it as a key entity in the evolving digital economy. Its enterprise-level funding indicates a strategic push towards scaling operations and enhancing its technological infrastructure.
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 FundersClub, Digital Currency Group, Earlybird Venture Capital, Blockchain Capital, Lakestar, Pantera Capital, and Access Venture Partners
Key Investors in ShapeShift
Digital Currency Group
Digital Currency Group is a prominent holding company focused on accelerating the development of the digital asset and blockchain industry through investments, network building, and operational support. They are known for their extensive portfolio of blockchain companies and operate leading firms like Genesis Trading and Grayscale Investments.
Earlybird Venture Capital
Earlybird Venture Capital is a European venture capital firm established in 1997, specializing in investments in technology, medical, and other innovative sectors. They focus on supporting technology innovators from early-stage to growth phases.
Blockchain Capital
Blockchain Capital is one of the earliest and most active venture investors in the blockchain industry, founded in 2013. They invest in both equity and crypto assets across multiple stages, aiming to support companies that leverage blockchain technology to disrupt legacy businesses and create new markets.
What's next for ShapeShift?
With a significant enterprise-level funding context and a recent major strategic investment, ShapeShift is poised for accelerated expansion. The capital infusion is expected to fuel further development of its blockchain products and digital marketplace, potentially leading to new service offerings and market penetration. Strategic partnerships and technological advancements will likely be key priorities as the company navigates the dynamic cryptocurrency landscape. The company's trajectory suggests a focus on solidifying its market leadership and exploring new avenues for growth within the decentralized finance ecosystem.
See full ShapeShift company page
