When was NGRAVE founded?

NGRAVE was founded in 2018 and raised its 1st funding round within a year of its incorporation.

Where is NGRAVE located?

NGRAVE is headquartered in Brussels, Belgium.

Who is the current CEO of NGRAVE?

Ruben Merre of NGRAVE. They have also founded 1 company.

How many employees does NGRAVE have?

As of Aug 31, 2026, the latest employee count at NGRAVE is 11.

Is NGRAVE a funded company?

NGRAVE is a funded company, having raised a total of $6.49M across 6 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on 2018.

When was the latest funding round of NGRAVE?

NGRAVE's latest funding was a $***** Series A round on Nov 21, 2022, with participation from 1 investor.

Where does NGRAVE rank among its competitors?

NGRAVE ranks 6th amongst 153 active competitors, of which 18 are funded. It stands 6th in terms of total funding among its competitors. The most recent competitor to raise funding was Ryder, which secured $3.2M in Oct, 2025.

Who are the top competitors of NGRAVE?

NGRAVE's top competitors include Ledger, Blockstream and Coolwallet. Among them, Ryder secured the most recent funding round in October, 2025.

NGRAVE - 2026 Company Profile, Team, Funding, Competitors & Financials

NGRAVE is a series A company based in Brussels (Belgium), founded in 2018 by Edouard Vanham, Xavier Hendrickx and Ruben Merre. It operates as a Hardware wallet solution for cryptocurrencies. NGRAVE has raised $6.49M in funding from Binance Labs. The company has 153 active competitors, including 18 funded and 3 that have exited. Its top competitors include companies like Ledger, Blockstream and Coolwallet.

Company Details

Hardware wallet solution for cryptocurrencies. It allows users to send, receive, and store digital assets through secured networks. The platform supports multiple crypto-assets and offers authentication solutions to restrict access to the platform.

Website: ngrave.io
Social
Email ID: *****@ngrave.io

Key Metrics

Founded Year

2018

Location

Brussels, Belgium

Stage

Series A

Total Funding

$6.49M in 6 rounds

Latest Funding Round

Series A, Nov 21, 2022, $*****

Investors

Binance Labs & 13 more

Ranked

6^th among 153 active competitors

Employee Count

11 as on Aug 31, 2026

Similar Companies

Ledger & 234 more

View NGRAVE's full profile

NGRAVE is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Reports
NGAVE.IO CIN: 0700.252.896 , Belgium, Active	Jul 18, 2018	-	15 (As on Dec 31, 2022)	-

NGRAVE has raised a total funding of $6.49M over 6 rounds. Its first funding round was on 2018. Its latest funding round was a Series A round on Nov 21, 2022 for $*****. 1 investor participated in its latest round. NGRAVE has 14 institutional investors.

Here is the list of recent funding rounds of NGRAVE:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Nov 21, 2022	7560694	Series A	5004477	7513530	1169239	6801180
Jan 19, 2022	3881958	Seed	7924801	5350129	8062259	Woodstock & 5 more
Jul 08, 2020	8645550	Seed	3912617	2071412	1210479	3161195

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View details of NGRAVE's funding rounds and investors

The founders of NGRAVE are Edouard Vanham, Xavier Hendrickx and Ruben Merre. Ruben Merre is the CEO of NGRAVE.

Here are the details of NGRAVE's key team members:

Edouard Vanham: Co-founder & COO of NGRAVE.
Xavier Hendrickx: Co-founder & CTO of NGRAVE.
Ruben Merre: Co-founder & CEO of NGRAVE.

View details of NGRAVE's Founder profiles and Board Members

NGRAVE's employee count trend

NGRAVE has 11 employees as of Aug 26. Here is NGRAVE's employee count trend over the years:

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Top competitors of NGRAVE include Ledger, Blockstream and Coolwallet. Here is the list of Top 10 competitors of NGRAVE, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Ledger 2014, Paris (France), Series C	Blockchain based hardware wallet for cryptocurrency	$575M	10T, Samsung & 71 others	81/100
2nd	Blockstream 2014, Montreal (Canada), Series C	Developer of cryptocurrency infrastructure software and open source hardware wallets	$651M	Baillie Gifford, Real Ventures & 46 others	76/100
3rd	Coolwallet 2014, Taipei (Taiwan), Series A	Hardware wallet for cryptocurrencies	$13.5M	SBI Group, Kyber Capital & 4 others	66/100
4th	Tangem 2017, Zug (Switzerland), Series A	Provider of NFC-enabled hardware wallet for cryptocurrency storage	$23M	SBI Group, Shima Capital	65/100
5th	TREZOR 2013, Prague (Czech Republic), Funding Raised	A Bitcoin Hardware Wallet	-	Europa	61/100
6th	NGRAVE 2018, Brussels (Belgium), Series A	Hardware wallet solution for cryptocurrencies	$6.49M	EIC Fund, Moonrockcapital & 12 others	50/100
7th	Ballet 2019, Las Vegas (United States), Series A	Provider of hardware solutions for cryptocurrency wallets	$13M	Lightspeed Venture Partners, Draper Dragon ... & 4 others	51/100
8th	Ryder 2022, Amsterdam (Netherlands), Seed	Digital asset hardware wallet	$4.4M	Oak Grove Ventures, SBX Capital & 9 others	51/100
9th	SatoshiLabs 2013, Prague (Czech Republic), Unfunded	Cryptocurrency hardware wallet	-	-	49/100
10th	BitBox 2015, Zurich (Switzerland), Funding Raised	Hardware wallet for storing digital assets	-	EIC Fund	49/100