When was Ondo founded?

Ondo was founded in 2021 and raised its 1st funding round within a year of its incorporation.

Where is Ondo located?

Ondo is headquartered in New York City, United States. It is registered at 42/962, VENNALA HIGH SCHOOL ROAD, VENNALA, Ernakulam, KOCHI, Kerala, India, 682028.

Which legal entities is Ondo associated with?

Ondo is associated with V GUARD INDUSTRIES LIMITED and 1 other.

How many employees does Ondo have?

As of Apr 30, 2026, the latest employee count at Ondo is 115.

Is Ondo a funded company?

Ondo is a funded company, having raised a total of $24M across 3 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Aug 17, 2021.

When was the latest funding round of Ondo?

Ondo's latest funding was a $***** ICO round on Jan 18, 2024, with participation from 0 investor.

Where does Ondo rank among its competitors?

Ondo ranks 2nd amongst 94 active competitors, of which 17 are funded. It stands 4th in terms of total funding among its competitors. The most recent competitor to raise funding was Sygnum, which secured $58M in Jan, 2025.

Who are the top competitors of Ondo?

Ondo's top competitors include Sygnum, Xapo Bank and AMINA Bank. Among them, Sygnum secured the most recent funding round in January, 2025.

Ondo - 2026 Company Profile, Team, Funding & Competitors

Ondo is a series A company based in New York City (United States), founded in 2021 by Nathan Allman. It operates as a Decentralized investment bank for financial assets. Ondo has raised $24M in funding from Pantera Capital and Founders Fund. The company has 94 active competitors, including 17 funded and 2 that have exited. Its top competitors include companies like Sygnum, Xapo Bank and AMINA Bank.

Company Details

Decentralized investment bank for financial assets. It allows users to fund their wallets and subscribe to a fixed or variable-yield tranche, the accrued yield gets automatically compounded over a fixed duration, and users can claim earnings and select a new vault to re-deploy capital.

Website: ondo.finance
Social
Email ID: *****@ondo.finance
Registered Address: 42/962, VENNALA HIGH SCHOOL ROAD, VENNALA, Ernakulam, KOCHI, Kerala, India, 682028

Key Metrics

Founded Year

2021

Location

New York City, United States

Stage

Series A

Total Funding

$24M in 3 rounds

Latest Funding Round

ICO, Jan 18, 2024, $*****

Investors

Pantera Capital & 20 more

Ranked

2^nd among 94 active competitors

Employee Count

115 as on Apr 30, 2026

Investment & Acquisitions

Oasis Pro Markets & 1 more

Similar Companies

Sygnum & 205 more

View Ondo's full profile

Ondo is associated with 2 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
V GUARD INDUSTRIES LIMITED CIN: L31200KL1996PLC010010 , India, Active	Feb 12, 1996	$662M (As on Mar 31, 2025)	3006 (As on Mar 31, 2024)
ONDO CIN: 40103780706 , Latvia, Deadpooled	Apr 16, 2014	$6.07M (As on Dec 31, 2019)	-	-

Ondo has raised a total funding of $24M over 3 rounds. Its first funding round was on Aug 17, 2021. Ondo has 17 institutional investors and 4 angel investors.

Here is the list of recent funding rounds of Ondo:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jan 18, 2024	3462190	ICO	7032668	3150937	8678979	5647553
Apr 27, 2022	1875525	Series A	6543823	5456499	5984306	GoldenTree & 5 more
Aug 17, 2021	7663570	Seed	2750557	4796011	Pantera Capital	Digital Currency Group & 9 more

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View details of Ondo's funding rounds and investors

The founders of Ondo is Nathan Allman.

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

Nathan Allman: Co-Founder of Ondo. They are also an angel investor in 1 startup.
Contact Info: 1 email address

View details of Ondo's Founder profiles and Board Members

Ondo's employee count trend

Ondo has 115 employees as of Apr 26. Here is Ondo's employee count trend over the years:

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Top competitors of Ondo include Sygnum, Xapo Bank and AMINA Bank. Here is the list of Top 10 competitors of Ondo, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Sygnum 2017, Zurich (Switzerland), Series C	Banking solutions for digital assets	$218M	SBI Digital Asset Holdings, Azimut & 13 others	75/100
2nd	Ondo 2021, New York City (United States), Series A	Decentralized investment bank for financial assets	$24M	Tiger Global Management, Blockchain Coinvestors ... & 19 others	66/100
3rd	Xapo Bank 2014, Gibraltar (Gibraltar), Series A	Digital native bank for fiat and cryptocurrency banking	$40M	Index Ventures, Ribbit Capital & 13 others	65/100
4th	AMINA Bank 2018, Zug (Switzerland), Series C	Digital asset banking platform	$246M	Summer Capital, Black River & 8 others	64/100
5th	Cashaa 2016, London (United Kingdom), Series A	Blockchain-based digital bank for individuals and businesses	$5M	O1ex, Asymmetry Capital	61/100
6th	Meso 2022, Berkeley (United States), Acquired	Web3 native payment network	$9.5M	Ribbit Capital, Solana Ventures & 4 others	54/100
7th	Utoppia 2021, Mountain View (United States), Series A	Online platform offering crypto-based banking solutions	$3.37M	XYZ Venture Capital	47/100
8th	Knabu 2018, London (United Kingdom), Seed	Blockchain-based banking solution	$5.83M	Luno Expeditions, Launch Africa & 5 others	39/100
9th	Arival 2017, San Juan (Puerto Rico), Seed	Developer of digital bank for businesses	$4.22M	Polyvalent Capital, Crowdcube & 5 others	39/100
10th	Capitual 2018, Sao Paulo (Brazil), Series B	Online multi-currency digital bank	$16.5M	Azimut	39/100