When was Acala Network founded?

Acala Network was founded in 2019 and raised its 1st funding round 1 year after it was founded.

Where is Acala Network located?

Acala Network is headquartered in Auckland, New Zealand.

Which legal entities is Acala Network associated with?

Acala Network is associated with A.F.M. LIMITED.

How many employees does Acala Network have?

As of Aug 31, 2026, the latest employee count at Acala Network is 48.

Is Acala Network a funded company?

Acala Network is a funded company, having raised a total of $650K across 2 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Mar 27, 2020.

When was the latest funding round of Acala Network?

Acala Network's latest funding was a $***** Conventional Debt round on Nov 09, 2021, with participation from 0 investor. Its primary sector is Cryptocurrencies. Globally, the Cryptocurrencies sector has seen $6.36B in funding in 2026 to date.

Where does Acala Network rank among its competitors?

Acala Network ranks 31st amongst 355 active competitors, of which 75 are funded. It stands 11th in terms of total funding among its competitors. The most recent competitor to raise funding was Circle, which secured $100M in Sep, 2026.

Who are the top competitors of Acala Network?

Acala Network's top competitors include Circle, KAST and Terra. Among them, Circle secured the most recent funding round in September, 2026.

Acala Network - 2026 Company Profile, Team, Funding & Competitors

Acala Network is a seed company based in Auckland (New Zealand), founded in 2019 by Ruitao Su, Bette Chen and Fuyao Jiang. It operates as a Smart contract platform for decentralized projects on polkadot. Acala Network has raised $650K in funding from KR1. The company has 355 active competitors, including 75 funded and 7 that have exited. Its top competitors include companies like Circle, KAST and Terra.

Company Details

Smart contract platform for decentralized projects on polkadot. It allows users to send and receive currencies across blockchains connected to the Polkadot network. It offers solutions for trading, lending, and managing outstanding loans. It also offers decentralized, multi-collateralized stablecoin backed by cross-chain assets.

Website: acala.network
Social
Email ID: *****@acala.network

Key Metrics

Founded Year

2019

Location

Auckland, New Zealand

Stage

Seed

Total Funding

$650K in 2 rounds

Latest Funding Round

Conventional Debt, Nov 09, 2021, $*****

Investors

KR1 & 27 more

Ranked

31^st among 355 active competitors

Employee Count

48 as on Aug 31, 2026

Investment & Acquisitions

Amulet & 1 more

Similar Companies

Circle & 569 more

View Acala Network's full profile

Acala Network is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
A.F.M. LIMITED CIN: 577513 , New Zealand, Active	Feb 04, 1993	-	-

Acala Network has raised a total funding of $650K over 2 rounds. Its first funding round was on Mar 27, 2020. Acala Network has 28 institutional investors.

Here is the list of recent funding rounds of Acala Network:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Nov 09, 2021	1237797	Conventional Debt	1762572	1439028	5456950	1371955
Mar 27, 2020	6160089	Seed	3264008	4253012	KR1	2240571

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View details of Acala Network's funding rounds and investors

The founders of Acala Network are Ruitao Su, Bette Chen and Fuyao Jiang.

Here are the details of Acala Network's key team members:

Ruitao Su: Co-Founder of Acala Network. They are also an angel investor in 2 startups.
Contact Info: 1 email address
Bette Chen: Co-Founder of Acala Network. They are also an angel investor in 1 startup.
Contact Info: 1 email address
Fuyao Jiang: Co-Founder of Acala Network.
Contact Info: 1 email address

View details of Acala Network's Founder profiles and Board Members

Acala Network's employee count trend

Acala Network has 48 employees as of Aug 26. Here is Acala Network's employee count trend over the years:

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Top competitors of Acala Network include Circle, KAST and Terra. Here is the list of Top 10 competitors of Acala Network, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Circle 2013, Boston (United States), Public	Cross-border payment solution for businesses focusing on cryptocurrency	$1.51B	Fidelity Investments, Marshall Wace & 57 others	88/100
2nd	KAST 2024, Mutsamudu (Comoros), Series A	App-based platform offering stablecoins	$90M	QED Investors, Left Lane Capital & 3 others	76/100
3rd	Terra 2018, Singapore (Singapore), Series B	Blockchain network for payments	$125M	Huobi, Binance Labs & 42 others	75/100
4th	MakerDAO 2014, San Francisco (United States), Series A	Stable coin based on Ethereum blockchain	$63M	Andreessen Horowitz, Transform Capital & 26 others	69/100
5th	Celo 2011, San Francisco (United States), Acquired	Blockchain-based stable coins for social payments and money transfers	$65M	Andreessen Horowitz, Polychain & 52 others	69/100
6th	StableCorp 2019, Toronto (Canada), Series A	Decentralized stable coin used for enabling B2B payments	$8.51M	FTP Ventures, Side Door Ventures & 11 others	59/100
7th	Mezo 2022, Menlo Park (United States), Series A	Developer of stablecoins fully backed by reserves of digital currency	$30M	Pantera Capital, Ledger & 16 others	59/100
8th	JPYC 2019, Chiyoda City (Japan), Series B	Prepaid Japanese Yen Stablecoin made on public blockchain	$106M	Headline, Ds Hd & 18 others	58/100
9th	TrustToken 2017, San Francisco (United States), Series A	Decentralized platform for physical asset tokenization	$32.5M	BlockTower, Foundation Capital & 29 others	57/100
10th	Mimo 2015, Vaduz (Liechtenstein), Series B	Decentralized tokenization and cryptocurrency token platform	$16.6M	Northzone	56/100
31st	Acala Network 2019, Auckland (New Zealand), Seed	Smart contract platform for decentralized projects on polkadot	$650K	Republic Capital, TQ Ventures & 26 others	43/100