Espresso Systems - About the company
Espresso Systems is a series B company based in Stanford (United States), founded in 2022 by Ben Fisch. It operates as a Provider of a blockchain-based privacy solution for web3 applications. Espresso Systems has raised $60M in funding from investors like Greylock Partners, Electric Capital and a16zcrypto. The company has 200 active competitors, including 58 funded and 2 that have exited. Its top competitors include companies like Astar Network, MathWallet and Quant.
Company Details
Provider of a blockchain-based privacy solution for web3 applications. The platform enables users to configure digital assets, credentials, transaction amounts, and addresses for privacy. It enables developers to build assets, create policies, and share data safely. It is applicable for payment and asset management.
- Website
- www.espressosys.com/
- Social
Key Metrics
Founded Year
2022
Location
Stanford, United States
Stage
Series B
Total Funding
$60M in 2 rounds
Latest Funding Round
Investors
Ranked
2nd among 200 active competitors
Employee Count
38 as on May 31, 2026
Investment & Acquisitions
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Espresso Systems's funding and investors
Espresso Systems has raised a total funding of $60M over 2 rounds. Its first funding round was on Mar 07, 2022. Its latest funding round was a Series B round on Mar 21, 2024 for $*****. 5 investors participated in its latest round. Espresso Systems has 18 institutional investors.
Here is the list of recent funding rounds of Espresso Systems:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Mar 21, 2024 | 8573300 | Series B | 5465318 | 8385212 | 6371695 | 2010037 |
Mar 07, 2022 | 4577645 | Series A | 1446009 | 9760288 |
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Espresso Systems' founders and board of directors
Founder? Claim ProfileHere are the details of Espresso Systems' key team members:
- Ben Fisch: Co-Founder & CEO of Espresso Systems. They are also an angel investor in 1 startup.Contact Info: 1 email address
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Espresso Systems' employee count trend
Espresso Systems has 38 employees as of May 26. Here is Espresso Systems's employee count trend over the years:
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Espresso Systems's Competitors and alternates
Top competitors of Espresso Systems include Astar Network, MathWallet and Quant. Here is the list of Top 10 competitors of Espresso Systems, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  Astar Network 2019, Singapore (Singapore), Series C | Cloud-based smart contract platform offering blockchain network for virtualization solutions | $34.4M | 64/100 | |
2nd |  Espresso Systems 2022, Stanford (United States), Series B | Provider of a blockchain-based privacy solution for web3 applications | $60M | 64/100 | |
3rd | MathWallet 2018, Singapore (Singapore), Series B | Cross-chain wallet for digital assets | $19.8M | 61/100 | |
4th | Quant 2016, London (United Kingdom), Seed | Blockchain-based infrastructure platform for cross-ledger app development | - | 60/100 | |
5th | Entangle 2021, Dubai (United Arab Emirates), Seed | Developer of liquidity centric sub-layer powering the next generation of cross-chain DeFi applications | $4M | 58/100 | |
6th |  Lagrange 2022, San Francisco (United States), Seed | Cross-chain infrastructure for the creation of generalized state proofs across all blockchains | $17.2M | 59/100 | |
7th | Online platform for DEX aggregation of cross-chain bridging, swapping, and messaging | $52M | 58/100 | ||
8th |  Polymer 2021, United States, Series A | IBC infrastructure for cross-chain communications | $26.6M | 54/100 | |
9th |  UXUY Protocol 2022, Singapore (Singapore), Seed | Developer of an online cross-chain liquidity aggregation protocol across multiple blockchains | $10.2M | 51/100 | |
10th |  Router Protocol 2021, Singapore (Singapore), Series A | Cross-chain infrastructure for asset-level data transfer | $4.1M | 50/100 |
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Espresso Systems's Investments and acquisitions
Espresso Systems has a total of 1 investment in Nucleo. Espresso Systems has not made any acquisitions as of now.News related to Espresso Systems
Media has covered Espresso Systems for 1 event in last 1 year, It was about company updates.
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Espresso and Polygon Labs Solving Rollup InteroperabilitySmartliquidity•May 14, 2024•Polygon, Espresso Systems
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Espresso Systems Raises $28M in Series B FundingFinSMEs•Mar 22, 2024•Espresso Systems, Andreessen Horowitz, Polygon, Offchain Labs and 7 others
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Nucleo Raises $4 Million Seed Round to Build Privacy Crypto Infrastructure for OrganizationsACROFAN•Nov 22, 2022•Nucleo App, Bain Capital Crypto, Espresso Systems, Aztec and 5 others
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Espresso Systems Raises $32M to Bring Scaling and Privacy to Web 3CoinDesk•Mar 07, 2022•Espresso-Systems, Greylock Partners, Electric Capital, Sequoia Capital and 3 others
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