When was Gridless founded?

Gridless was founded in 2022 and raised its 1st funding round within a year of its incorporation.

Where is Gridless located?

Gridless is headquartered in Nairobi, Kenya.

Is Gridless a funded company?

Gridless is a funded company, having raised a total of $2M across 2 funding rounds to date. The company's 1st funding round was a $***** Angel round, raised on Dec 06, 2022.

When was the latest funding round of Gridless?

Gridless' latest funding was a $***** Seed round on Dec 06, 2022, with participation from 3 investors.

Where does Gridless rank among its competitors?

Gridless ranks 9th amongst 55 active competitors, of which 7 are funded. It stands 3rd in terms of total funding among its competitors. The most recent competitor to raise funding was Argo Blockchain, which secured $40M in Mar, 2025.

Who are the top competitors of Gridless?

Gridless' top competitors include Argo Blockchain, TeraWulf and Mawson Infrastructure Group. Among them, Argo Blockchain secured the most recent funding round in March, 2025.

Gridless - 2026 Company Profile, Team, Funding & Competitors

Gridless is a seed company based in Nairobi (Kenya), founded in 2022 by Philip Walton. It operates as a Platform offering Bitcoin mining solutions. Gridless has raised $2M in funding from investors like Factor[e] Ventures, Stillmark and Block. The company has 55 active competitors, including 7 funded and 5 that have exited. Its top competitors include companies like Argo Blockchain, TeraWulf and Mawson Infrastructure Group.

Company Details

Platform offering Bitcoin mining solutions. The platform offers sustainable ways for crypto mining.

Website: gridlesscompute.com
Social

Key Metrics

Founded Year

2022

Location

Nairobi, Kenya

Stage

Seed

Total Funding

$2M in 2 rounds

Latest Funding Round

Seed, Dec 06, 2022, $*****

Investors

Factor[e] Ventures & 2 more

Ranked

9^th among 55 active competitors

Similar Companies

Argo Blockchain & 64 more

View Gridless' full profile

Gridless has raised a total funding of $2M over 2 rounds. Its first funding round was on Dec 06, 2022. Its latest funding round was a Seed round on Dec 06, 2022 for $*****. 3 investors participated in its latest round. Gridless has 3 institutional investors.

Here is the list of recent funding rounds of Gridless:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Dec 06, 2022	8210432	Seed	2843386	1266689	1323596	4744157
Dec 06, 2022	5709465	Angel	5918659	2699248	Factor[e] Ventures	2610073

Access funding benchmarks and valuations. Sign up today!

View details of Gridless's funding rounds and investors

The founders of Gridless is Philip Walton.

Here are the details of Gridless' key team members:

Philip Walton: Co-Founder of Gridless.
Contact Info: 1 email address

View details of Gridless's Founder profiles and Board Members

Access Tracxn on any website

Our Google Chrome extension lets you view company details while browsing their websites

Install Tracxn Extension

Top competitors of Gridless include Argo Blockchain, TeraWulf and Mawson Infrastructure Group. Here is the list of Top 10 competitors of Gridless, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Argo Blockchain 2017, London (United Kingdom), Acquired	Sustainable mining and blockchain development solutions for Bitcoin	-	Galaxy, Vela Technologies & 1 others	66/100
2nd	TeraWulf 2021, Easton (United States), Acquired	Online sustainable mining platform for cryptocurrency	-	Shake and Bake Productions & 10 others	56/100
3rd	Mawson Infrastructure Group 2019, Sydney (Australia), Public	Operator of digital infrastructure for AI/HPC, digital assets, and Bitcoin	-	Mitchell Group, SpringCapital Investment & 1 others	48/100
4th	Arkon Energy 2014, Sydney (Australia), Series B	Digital infrastructure company	$167M	Blue Sky Capital Strategies, Sandton Capital Partners ... & 5 others	43/100
5th	Stronghold Digital Mining 2021, Pittsburgh (United States), Acquired	Crypto mining solutions using renewable sources of energy	$105M	Centrecourt Asset Management, MG Capital Group	43/100
6th	Sustainable Bitcoin Standard 2021, United States, Funding Raised	Companies doing crypto mining using sustainable sources of energy	-	New Layer Capital, Stacks Accelerator	42/100
7th	Cowa AI 2020, London (United Kingdom), Unfunded	Sustainable mining solutions for Bitcoin	-	-	42/100
8th	PrimeBlock 2019, San Francisco (United States), Unfunded	Provider of digital asset and infrastructure solutions for the mining industry	-	-	37/100
9th	Gridless 2022, Nairobi (Kenya), Seed	Platform offering Bitcoin mining solutions	$2M	Factor[e] Ventures, Block & 1 others	35/100
10th	Greeno Network 2018, Hyderabad (India), Unfunded	Online platform offering sustainable cryptocurrency mining	-	-	34/100