Archax - About the company
Archax is an acquired company based in London (United Kingdom), founded in 2018 by , and . It operates as a Provider of an online trading platform for cryptocurrency. Archax has raised $40M in funding from investors like , Hudson Capital Group and CoinFund, with last known valuation of $37.6M. The company has 1677 active competitors, including 108 funded and 49 that have exited. Its top competitors include companies like Gemini, Blockchain and CoinDCX.
Company Details
Provider of an online trading platform for cryptocurrency. It provides users with a company that offers multiple features for buying and selling of crypto via due diligence, custody application for fiat and crypto, and more. It offers trading of digital securities, digital issuance of crypto, custodian services for digital assets, and more.
- Website
- Social
- Email ID
- @archax.com
Key Metrics
Founded Year
2018
Location
London, United Kingdom
Stage
Acquired
Total Funding
in 8 rounds
Latest Funding Round
Last Known Valuation
as on Jun 07, 2020
Investors
& 21 more
Ranked
8th among
Annual Revenue
as on Dec 31, 2021
Employee Count
as on Dec 31, 2023
Similar Companies
Gemini &
Exit Details
Acquired by abrdn (Aug 12, 2022)
Legal entities associated with Archax
Archax is associated with 2 legal entities given below:
Legal Entity Name | Date of incorporation | Revenue | Net Profit | Employee Count |
|---|---|---|---|---|
Feb 21, 2022 | - | 904 | 352 | |
Apr 09, 2018 | - | 352 | 350 |
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Archax's acquisition details
Archax got acquired by abrdn on Aug 12, 2022.
Click to take a look at Archax's acquisition in detail
Archax's funding and investors
Archax has raised a total funding of $40M over 8 rounds. Its first funding round was on Feb 11, 2019. Its latest funding round was a Series A round on Nov 08, 2022 for $28.5M. 9 investors participated in its latest round, lead by abrdn.
Archax has 22 institutional investors including , Hudson Capital Group and CoinFund.
Here is the list of recent funding rounds of Archax:
Date of funding | Funding Amount | Round Name | Post money valuation | Revenue multiple | Investors |
|---|---|---|---|---|---|
Nov 08, 2022 | $28.5M | Series A | 3834695 | 4028089 | |
Oct 19, 2021 | $1.5M | Seed | 1326145 | 6690944 | - |
May 2021 | Undisclosed | Conventional Debt | 6593527 | 6303974 |
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Archax's founders and board of directors
The founders of Archax are , and . is the CEO of Archax.
Archax's board has 3 active members. , and are part of team.
View details of Archax's Founder profiles and Board Members
Archax's employee count trend
Archax has 47 employees as of Dec 23. The total employee count is 17.5% more than what it was in Dec 22. Here is Archax's employee count trend over the years:
Uncover Archax's growth story! Sign up today!Archax's Competitors and alternates
Top competitors of Archax include Gemini, Blockchain and CoinDCX. Here is the list of Top 10 competitors of Archax, ranked by ÃØÃÜÑо¿Ëù score :
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Overall Rank | Company Details | Short Description | Total Funding | Investors | ÃØÃÜÑо¿Ëù Score |
|---|---|---|---|---|---|
1st |  Gemini 2014, New York City (United States), Series A | Platform offering crypto exchange solutions | $424M | Sierra Ventures, Baird CapitalÌý&²¹³¾±è;Ìý | 80/100 |
2nd | Blockchain 2011, London (United Kingdom), Acquired | App-based platform for exchange and trading solutions for cryptocurrency | $700M | Access Industries, Baillie GiffordÌý&²¹³¾±è;Ìý | 76/100 |
3rd | Developer of an app-based exchange platform for cryptocurrency | $247M | Bain Capital Ventures, Jump CapitalÌý&²¹³¾±è;Ìý | 74/100 | |
4th | Bitstamp 2011, London (United Kingdom), Acquired | App-based platform for cryptocurrency exchange | $11.4M | Pantera Capital, GalaxyÌý&²¹³¾±è;Ìý | 73/100 |
5th | PDAX 2017, Makati (Philippines), Series B | Online exchange platform for cryptocurrencies | $62.5M | Tiger Global Management, Jump CapitalÌý&²¹³¾±è;Ìý | 73/100 |
6th | Online platform for trading in cryptocurrency | $1.73B | Third Point, IVPÌý&²¹³¾±è;Ìý | 72/100 | |
7th | Online platform for crypto exchange | $53.2M | Investcorp, Hard YakaÌý&²¹³¾±è;Ìý | 72/100 | |
8th |  2018, London (United Kingdom), Acquired | Provider of an online trading platform for cryptocurrency | $40M | , CE Innovation CapitalÌý&²¹³¾±è;Ìý | 69/100 |
8th |  BitMart 2017, New York City (United States), Series B | App-based trading platform for cryptocurrency | - | Alpha Square Group, TrustVCÌý&²¹³¾±è;Ìý | 70/100 |
10th | Online exchange platform for digital assets | $20M | DG Ventures, IDG CapitalÌý&²¹³¾±è;Ìý | 68/100 |
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Archax's Investments and acquisitions
Archax has made no investments or acquisitions yet.
Reports related to Archax
Here is the latest report on Archax's sector:
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News related to Archax
Media has covered Archax for a total of 22 events in the last 1 year, 11 of them have been about partnerships and 3 about company updates.
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