Factom - About the company
Factom is an acqui-hired company based in Austin (United States), founded in 2014 by Peter Kirby. It operates as a Blockchain as a service for protecting enterprise data. Factom has raised $23.6M in funding from investors like Draper, Fastforward Innovations and Overstock, with last known valuation of $*****. The company has 3162 active competitors, including 555 funded and 79 that have exited. Its top competitors include companies like BitGo, Mysten Labs and Luno.
Company Details
Factom applies blockchain technology to encrypt and secure private and public organization's data into its distributed ledger, which then acts as a proof of existence and source of truth for all future business processes. Customers can use Factom into their applications to publish relevant data directly to Factom blockchain using API calls.
- Website
- factom.com
- Social
Key Metrics
Founded Year
2014
Location
Austin, United States
Stage
Acqui-Hired
Total Funding
$23.6M in 11 rounds
Latest Funding Round
Last Known Valuation
$***** as on Oct 14, 2015
Ranked
332nd among 3162 active competitors
Employee Count
9 as on Aug 31, 2026
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Factom's funding and investors
Factom has raised a total funding of $23.6M over 11 rounds. Its first funding round was on Apr 02, 2015. Its latest funding round was a Series B round on Aug 07, 2018 for $*****. 1 investor participated in its latest round. Factom has 25 institutional investors.
Here is the list of recent funding rounds of Factom:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Aug 07, 2018 | 6375403 | Series B | 9544724 | 2435875 | 5346429 | 3090884 |
Apr 18, 2017 | 2161600 | Series A | 3395704 | 6660468 | 8590556 | 8016801 |
Feb 07, 2017 | 1013719 | Series A | 5685847 | 7855864 | 2877269 |
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Factom's founders and board of directors
Founder? Claim ProfileThe founders of Factom is Peter Kirby.
Here are the details of Factom's key team members:
- Peter Kirby: Co-Founder & CEO of Factom. They are also an angel investor in 3 startups.
View details of Factom's Founder profiles and Board Members
Factom's employee count trend
Factom has 9 employees as of Aug 26. Here is Factom's employee count trend over the years:
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Factom's Competitors and alternates
Top competitors of Factom include BitGo, Mysten Labs and Luno. Here is the list of Top 10 competitors of Factom, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | BitGo 2013, Palo Alto (United States), Public | Platform that offers crypto based financial services | $170M | 81/100 | |
2nd |  Mysten Labs 2021, Palo Alto (United States), Series B | Blockchain platform offering Web3 infrastructure solutions | $336M | 81/100 | |
3rd | _1587622150601.png?devicePixelRatio=2&height=30&width=30){kind=logo} Luno 2013, London (United Kingdom), Acquired | App-based platform for crypto wallet and investments | $13M | 81/100 | |
4th |  Consensys 2014, Fort Worth (United States), Series D | Developer of blockchain and web3 software platform | $725M | 80/100 | |
5th | Coins.ph 2014, Pasig (Philippines), Acquired | Digital wallet for Bitcoin assets | $40M | 80/100 | |
6th |  FalconX 2018, San Francisco (United States), Series D | Online platform offering cryptocurrency trading and investment solutions for institutions | $430M | 79/100 | |
7th |  Solana 2010, San Francisco (United States), Series C | Developer of enterprise infrastructure for issuing assets and digital payments | $374M | 79/100 | |
8th | Aptos 2021, Palo Alto (United States), Series D | Provider of protocols for building blockchain-based solutions | $350M | 79/100 | |
9th | NEAR 2017, Zug (Switzerland), Series D | Public blockchain network platform | $542M | 77/100 | |
10th | Amber Group 2017, Singapore (Singapore), Series C | Provider of blockchain-based financial solutions | $628M | 77/100 | |
332nd |  Factom 2014, Austin (United States), Acqui-Hired | Blockchain as a service for protecting enterprise data | $23.6M | 41/100 |
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Factom's Investments and acquisitions
Factom has made no investments or acquisitions yet.
Reports related to Factom
Here is the latest report on Factom's sector:
News related to Factom
Filter this list•
Seed Innovations investee Inveniam buys Factom assetsMorningstar•Sep 17, 2021•Seed Innovations, Inveniam IO, Factom
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Inveniam Capital Partners Acquires Factom, Inc.PR Newswire•Aug 02, 2021•Inveniam Capital Partners, Factom, Inveniam IO
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Factom Faces Liquidation After Investors Refuse Request for More FundingCoinDesk•Apr 02, 2020•Factom
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UK Banking Pilot Aims to Streamline Compliance Using Factom BlockchainCoinDesk•Oct 31, 2019•Knabu, Factom
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Factom And SPA To Improve Efficiency And Security Of Federal Organizations Using BlockchainBlock Tribune•Feb 06, 2019•Factom, SPA
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