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.

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 454 active competitors, of which 90 are funded. It stands 13th in terms of total funding among its competitors.

Who are the top competitors of Blum?

Blum's top competitors include Uniswap, 1inch and Bitfinex. Among them, Blum secured the most recent funding round in February, 2025.

Blum - 2025 Company Profile, Team, Funding & Competitors

Blum is a seed company based in Dubai (United Arab Emirates), founded in 2023 by Vladimir Smerkis, Vladimir Maslyakov 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 454 active competitors, including 90 funded and 4 that have exited. Its top competitors include companies like Uniswap, 1inch 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 454 active competitors

Similar Companies

Uniswap & 476 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	4167487	Seed	7954799	4246846	7153856	8022649
Nov 03, 2024	3783172	Seed	6196003	3825223	1029271	TOP
Sep 11, 2024	2401529	Seed	3563876	6186142	Binance	1601484

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View details of Blum's funding rounds and investors

The founders of Blum are Vladimir Smerkis, Vladimir Maslyakov 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.
Vladimir Maslyakov: Co-Founder & CTO of Blum.
Contact Info: 1 email address
Gleb Kostarev: Co-Founder & CEO of Blum.
Contact Info: 1 email address

View details of Blum's Founder profiles and Board Members

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Top competitors of Blum include Uniswap, 1inch 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	Andreessen Horowitz, Polychain & 44 others	81/100
2nd	1inch 2020, Tortola (United Kingdom), Series B	Decentralized financial solutions	$190M	Pantera Capital, Binance & 49 others	74/100
3rd	Bitfinex 2012, Hong Kong (China), Funding Raised	Online cryptocurrency trading platform	-	TrustVC, LuneX Ventures & 6 others	65/100
4th	0x 2016, San Francisco (United States), Series B	Open protocol for decentralized P2P exchange	$86.9M	Greylock, Pantera Capital & 42 others	64/100
5th	ParaSwap 2019, Paris (France), Seed	Crypto market makers & liquidity aggregator platform	$5.7M	Blockchain Coinvestors, Jarvis & 24 others	59/100
6th	Osmosis 2021, Singapore (Singapore), Series B	Digital connectivity and social platform for labs	$21M	Paradigm, Ethereal Ventures & 6 others	59/100
7th	Portal to Bitcoin 2018, San Francisco (United States), Series A	Decentralized bitcoin exchange and interoperability protocol	$92.5M	Paloma Investments, Coinbase & 37 others	57/100
8th	Bancor Protocol 2017, Tel Aviv (Israel), Seed	Smart contract-based token exchange	-	Mooncake Capital, Rivaka & 14 others	57/100
9th	Jupiter 2021, Antigua And Barbuda, Funding Raised	Solana-based decentralized platform offering a swap aggregator service	-	-	57/100
10th	Rarible 2019, Wilmington (United States), Series A	Online marketplace offering blockchain based digital art	$16M	CoinFund, Venrock & 18 others	54/100
17th	Blum 2023, Dubai (United Arab Emirates), Seed	Provider of decentralized exchange platform	$5M	Binance, Spartan Group & 5 others	51/100