When was Blum founded?

Blum was founded in 2023 and raised its 1st funding round 1 year after it was founded.

Where is Blum located?

Blum is headquartered in Dubai, United Arab Emirates.

Who is the current CEO of Blum?

Gleb Kostarev of Blum. They have also founded 1 company.

How many employees does Blum have?

As of May 31, 2026, the latest employee count at Blum is 83.

Is Blum a funded company?

Blum is a funded company, having raised a total of $5M across 3 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Sep 11, 2024.

When was the latest funding round of Blum?

Blum's latest funding was a $***** Seed round on Feb 13, 2025, with participation from 5 investors.

Where does Blum rank among its competitors?

Blum ranks 17th amongst 466 active competitors, of which 90 are funded. It stands 8th in terms of total funding among its competitors. The most recent competitor to raise funding was Jupiter, which secured $35M in Feb, 2026.

Who are the top competitors of Blum?

Blum's top competitors include Uniswap, 0x and Bitfinex. Among them, Jupiter secured the most recent funding round in February, 2026.

Blum - 2026 Company Profile, Team, Funding & Competitors

Blum is a seed company based in Dubai (United Arab Emirates), founded in 2023 by Vladimir Smerkis and Gleb Kostarev. It operates as a Provider of decentralized exchange platform. Blum has raised $5M in funding from investors like OKX, Binance and Spartan Group. The company has 466 active competitors, including 90 funded and 7 that have exited. Its top competitors include companies like Uniswap, 0x and Bitfinex.

Company Details

Provider of decentralized exchange platform. It enables users to access a wide range of tokens and cryptocurrencies platform. Its hybrid exchange design combines the benefits of centralized and decentralized exchanges.

Website: www.blum.io/
Social
Email ID: *****@blum.io, *****@blum.io

Key Metrics

Founded Year

2023

Location

Dubai, United Arab Emirates

Stage

Seed

Total Funding

$5M in 3 rounds

Latest Funding Round

Seed, Feb 13, 2025, $*****

Investors

OKX & 6 more

Ranked

17^th among 466 active competitors

Employee Count

83 as on May 31, 2026

Similar Companies

Uniswap & 491 more

View Blum's full profile

Blum has raised a total funding of $5M over 3 rounds. Its first funding round was on Sep 11, 2024. Its latest funding round was a Seed round on Feb 13, 2025 for $*****. 5 investors participated in its latest round. Blum has 7 institutional investors.

Here is the list of recent funding rounds of Blum:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Feb 13, 2025	5392254	Seed	7187561	8455878	6838299	8810116
Nov 03, 2024	3494064	Seed	8466341	3024995	4240894	TOP
Sep 11, 2024	9881547	Seed	3147169	5395056	Binance	7465664

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View details of Blum's funding rounds and investors

The founders of Blum are Vladimir Smerkis and Gleb Kostarev. Gleb Kostarev is the CEO of Blum.

Here are the details of Blum's key team members:

Vladimir Smerkis: Co-Founder of Blum and founder of 1 other company.
Gleb Kostarev: CEO and Cofounder of Blum.

View details of Blum's Founder profiles and Board Members

Blum's employee count trend

Blum has 83 employees as of May 26. Here is Blum's employee count trend over the years:

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Top competitors of Blum include Uniswap, 0x and Bitfinex. Here is the list of Top 10 competitors of Blum, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Uniswap 2018, New York City (United States), Series B	Provider of a decentralized exchange platform for cryptocurrency	$176M	Polychain, Andreessen Horowitz & 50 others	80/100
2nd	0x 2016, San Francisco (United States), Series B	Open protocol for decentralized P2P exchange	$86.9M	Pantera Capital, Greylock Partners & 42 others	68/100
3rd	Bitfinex 2012, Hong Kong (China), Funding Raised	Online cryptocurrency trading platform	-	LuneX Ventures, MV Global & 6 others	67/100
4th	Jupiter 2021, Antigua And Barbuda, Series C	Solana-based decentralized platform offering a swap aggregator service	$35M	ParaFi	65/100
5th	ShapeShift 2015, London (United Kingdom), Series A	Online trading platform for cryptocurrency	$12.5M	Earlybird, Digital Currency Group & 21 others	65/100
6th	1inch 2019, Tortola (United Kingdom), Series B	Decentralized financial solutions	$190M	Pantera Capital, Amber Group & 50 others	64/100
7th	Portal to Bitcoin 2018, San Francisco (United States), Series A	Decentralized bitcoin exchange and interoperability protocol	$92.5M	Paloma Investments, Coinbase & 37 others	60/100
8th	Bancor Protocol 2017, Tel Aviv (Israel), Seed	Smart contract-based token exchange	-	Viola FinTech, KR1 & 14 others	59/100
9th	LI.FI 2021, Berlin (Germany), Series A	Online platform for DEX aggregation of cross-chain bridging, swapping, and messaging	$52M	CoinFund, Multicoin Capital & 21 others	58/100
10th	IDEX 2016, San Francisco (United States), Acquired	Decentralized exchange platform for cryptocurrencies	$2.5M	Borderless Capital, G1 Ventures & 5 others	57/100
17th	Blum 2023, Dubai (United Arab Emirates), Seed	Provider of decentralized exchange platform	$5M	No Limit Holdings, OKX & 5 others	53/100