LogX - About the company
LogX is a seed company based in George Town (Cayman Islands), founded in 2021 by Akshit Bordia and Anshu Agrawal. It operates as a Provider of a decentralized derivatives trading platform and DeFi superapp for on-chain perpetuals trading. LogX has raised $10.1M in funding from investors like Antler, Saison Capital and Hashed Emergent. The company has 86 active competitors, including 36 funded and 1 that has exited. Its top competitors include companies like Synthetix, Blofin and Drift.
Company Details
Provider of a decentralized derivatives trading platform and DeFi superapp for on-chain perpetuals trading. It provides users with a company that enables perpetual trading on various blockchain networks, offering a comprehensive trading and investment platform with exceptional charting solutions.
- Website
- logx.trade
- Registered Address
- Office No. 106, Orian Business Park Nr. Cinewonder, G.B.Raod, Thane, Thane -West, Maharashtra, India, 400607
Key Metrics
Founded Year
2021
Location
George Town, Cayman Islands
Stage
Seed
Total Funding
$10.1M in 3 rounds
Latest Funding Round
Ranked
9th among 86 active competitors
Employee Count
23 as on Jul 31, 2026
Legal entities associated with LogX
LogX is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
FLINTSTONE TECHNOLOGIES PRIVATE LIMITED CIN: U74999MH2017PTC299126 , India, Active | Aug 29, 2017 | - | - |
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LogX's funding and investors
LogX has raised a total funding of $10.1M over 3 rounds. Its first funding round was on Feb 12, 2024. Its latest funding round was a Seed round on Sep 16, 2024 for $*****. 12 investors participated in its latest round. LogX has 17 institutional investors and 4 angel investors.
Here is the list of recent funding rounds of LogX:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Sep 16, 2024 | 4681227 | Seed | 8297452 | 6760480 | 6800866 | 9838627 |
Jul 16, 2024 | 5981329 | ICO | 5554819 | 1235190 | 9126649 | 9167616 |
Feb 12, 2024 | 1627405 | Seed | 8514094 | 6790880 | 2820112 |
View details of LogX's funding rounds and investors
LogX's founders and board of directors
Founder? Claim ProfileThe founders of LogX are Akshit Bordia and Anshu Agrawal.
Here are the details of LogX's key team members:
- Akshit Bordia: Co-Founder of LogX and founder of 1 other company. They serve on the board of 1 company.Contact Info: 1 email address
- Anshu Agrawal: Co-Founder (Exited) of LogX and founder of 2 other companies, Anshu Agrawal - Founder and Flint. They serve on the board of 1 company.
View details of LogX's Founder profiles and Board Members
LogX's employee count trend
LogX has 23 employees as of Jul 26. Here is LogX's employee count trend over the years:
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LogX's Competitors and alternates
Top competitors of LogX include Synthetix, Blofin and Drift. Here is the list of Top 10 competitors of LogX, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Operator of a platform for perpetual futures trading on Ethereum | $240M | 66/100 | ||
2nd | Blofin 2019, George Town (Cayman Islands), Series B | Cryptocurrency futures trading platform | $50M | 63/100 | |
3rd | Drift 2021, United States, Series B | Future & options focused trading solutions for cryptocurrency | $28.8M | 56/100 | |
4th | dYdX 2017, New York City (United States), Series C | Developer of a decentralised platform for perpetual contract trading | $87M | 56/100 | |
5th | Ostium 2022, Chicago (United States), Series A | Platform providing on-chain perpetual swaps for stocks, indices, commodities, and FX | $28M | 54/100 | |
6th | Aark Digital 2023, New York (United States), Seed | Decentralized derivatives exchange platform | $6M | 51/100 | |
7th | Developer of decentralized exchange platform providing perpetual and spot trading | - | 50/100 | ||
8th | MYX Finance 2023, Singapore (Singapore), Seed | Online platform for perpetual trading | $5M | 49/100 | |
9th | LogX 2021, George Town (Cayman Islands), Seed | Provider of a decentralized derivatives trading platform and DeFi superapp for on-chain perpetuals trading | $10.1M | 48/100 | |
10th | Provider of a cryptocurrency derivatives trading exchange | - | - | 46/100 |
Looking for more details on LogX's competitors? Click here to see the top ones
LogX's Investments and acquisitions
LogX has made no investments or acquisitions yet.
Reports related to LogX
Here is the latest report on LogX's sector:
News related to LogX
•
LogX Raises $4 Million in Funding to Expand Trading Platform - Coin Academythecoinacademy.co•Sep 19, 2024•LogX, Hashed Emergent, Cumberland VC, Saison Capital and 10 others
•
AltLayer Commences Partnership with LogX to Offer RaaS SolutionsCoinMarketCap•Jul 19, 2024•LogX, AltLayer
•
LogX Announces LogX Network to Enable Derivatives Trading on Every Blockchain Networkcargreen.es•May 17, 2024•LogX
•
Online astrology platform InstaAstro raises $2.3 million in funding led by Artha Venture FundThe Economic Times•May 16, 2024•InstaAstro, Artha Venture Fund, Singularity Ventures, InfraRed Capital Partners and 3 others
•
InstaAstro has raised INR 18.50 Cr in Pre-Series A funding round led by Artha Venture Fund.Enablers•May 16, 2024•InstaAstro, Artha Group, Singularity Ventures, InfraRed Capital Partners and 3 others
•
LogX Secures $6.1 Million Seed Round and Surpasses $2B Trading Volume Milestone with New Chains and Strategic PartnershipsBusiness Insider•Feb 13, 2024•LogX, Coinbase, Sequoia Capital, Titan Capital and 7 others
•
LogX Integrates Orderly Network to Revolutionize DeFi Perps TradingGlobeNewswire•Jan 27, 2024•Orderly Network, LogX
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