Blast - About the company
Blast is a series A company based in British Virgin Islands, founded in 2011 by Ruben Frederic. It operates as a Provider of blockchain ecosystem offering staking solutions. Blast has raised $5M in funding from CGV. The company has 542 active competitors, including 117 funded and 12 that have exited. Its top competitors include companies like Figment, ether.fi and Lido.
Company Details
Provider of blockchain ecosystem offering staking solutions. It offers an Ethereum layer two blockchain protocol that enables users to earn yields on Ethereum and stablecoins. It offers platform native yield and its features include auto-rebasing, layer one staking, t-bill yielding, and more.
- Website
- blast.io/en
- Registered Address
- C/O DASHWOODS LTD,31 DASHWOOD ROAD,HIGH WYCOMBE,BUCKINGHAMSHIRE,HP12 3DZ
Key Metrics
Founded Year
2011
Location
Stage
Series A
Total Funding
$5M in 1 round
Latest Funding Round
Investors
Ranked
49th among 542 active competitors
Legal entities associated with Blast
Blast is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
BLAST FOUNDATION CIN: 7398503 , United Kingdom, Active | Oct 05, 2010 | - | 5 (As on Oct 31, 2022) |
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Blast's funding and investors
Blast has raised a total funding of $5M over 1 round. Its latest funding round was a Series A round on Nov 27, 2023 for $*****. 1 investor participated in its latest round. Blast has 1 institutional investor.
Here is the list of recent funding rounds of Blast:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Nov 27, 2023 | 5270022 | Series A | 7308172 | 7703990 | 7135855 | 4147079 |
View details of Blast's funding rounds and investors
Blast's founders and board of directors
Founder? Claim ProfileThe founders of Blast is Ruben Frederic. Ruben Frederic is the CEO of Blast.
Here are the details of Blast's key team members:
- Ruben Frederic: Founder & CEO of Blast.
View details of Blast's Founder profiles and Board Members
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Blast's Competitors and alternates
Top competitors of Blast include Figment, ether.fi and Lido. Here is the list of Top 10 competitors of Blast, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Online platform for the staking solution | $165M | 69/100 | ||
2nd | ether.fi 2022, George Town (Cayman Islands), Series A | Liquid staking protocol | $32.3M | 66/100 | |
3rd | Non-custodial staking solution for cryptocurrencies | $72M | 63/100 | ||
4th | CyberConnect 2021, Palo Alto (United States), Series A | Web3 social network platform | $25M | 62/100 | |
5th | EigenLayer 2021, Seattle (United States), Series B | Provider of verifiable cloud computing platform | $241M | 62/100 | |
6th | Puffer Finance 2022, United States, Series A | Anti-slashing liquid staking protocol | $24.1M | 60/100 | |
7th | Tokens.com 2020, Toronto (Canada), Public | Blockchain-based technology focused on transaction processing and validation services for various digital assets | $25M | - | 60/100 |
8th | P2P 2018, George Town (Cayman Islands), Series A | Provider of a non-custodial staking platform for cryptocurrencies | $23M | 60/100 | |
9th | Platform offering a generalized shared security system for decentralized networks | $34.8M | 58/100 | ||
10th | Solv Finance 2021, Beijing (China), Series B | Blockchain-based network for financial institutions | $26M | 57/100 | |
49th | Blast 2011, British Virgin Islands, Series A | Provider of blockchain ecosystem offering staking solutions | $5M | 43/100 |
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Blast's Investments and acquisitions
Blast has made no investments or acquisitions yet.
Reports related to Blast
Here is the latest report on Blast's sector:
News related to Blast
Media has covered Blast for a total of 3 events in the last 1 year, 2 of them have been about people movement.
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COMMS France’s Univity raises €27m to compete with StarlinkSilicon Republic•Apr 23, 2026•Expansion, Bpifrance, Blast.Club, Univity and 2 others
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Japanese crypto investment firm CGV invests $5 Million in Blast’s Layer 2 ecosystemCryptopolitan•Nov 28, 2023•Blast, CGV, Blast
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Blast Deposit Addresses Security Concerns Amidst Contract DeploymentThe Crypto Times•Nov 25, 2023•Blast
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Blast deposits approximately $21.1 million worth of ETH it received into LidoPANews•Nov 21, 2023•Blast, Lido
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