Palm - About the company
Palm is a series B company based in Belgium, founded in 2021. It operates as a Blockchain-based sidechain infrastructure platform. Palm has raised $27M in funding from M12. The company has 472 active competitors, including 98 funded and 14 that have exited. Its top competitors include companies like Alchemy, Digital Asset and QuickNode.
Company Details
Blockchain-based sidechain infrastructure platform. It offers an EVM-compatible sidechain that offers developer access to the mainnet. It is also a platform for IP creators, sports, and entertainment bridging Web2 and Web3.
- Website
- palm.network
- Social
Key Metrics
Founded Year
2021
Location
Stage
Series B
Total Funding
$27M in 1 round
Latest Funding Round
Ranked
75th among 472 active competitors
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Palm's funding and investors
Palm has raised a total funding of $27M over 1 round. Its latest funding round was a Series B round on Dec 09, 2021 for $*****. 8 investors participated in its latest round. Palm has 9 institutional investors.
Here is the list of recent funding rounds of Palm:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Dec 09, 2021 | 9653870 | Series B | 9929056 | 6871476 | 9968255 | 1670105 |
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Palm's Competitors and alternates
Top competitors of Palm include Alchemy, Digital Asset and QuickNode. Here is the list of Top 10 competitors of Palm, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  Alchemy 2013, San Francisco (United States), Series C | Provider of complete blockchain developer platform | $564M | 78/100 | |
2nd | Digital Asset 2014, New York City (United States), Series F | Provider of Canton Network, the public blockchain with institutional-grade privacy for tokenized real-world assets | $817M | 72/100 | |
3rd |  QuickNode 2017, Miami (United States), Series B | Node and Dapp infrastructure for blockchain | $106M | 71/100 | |
4th |  Kresus 2022, San Francisco (United States), Series A | Web3 app intended to let users create mint, manage, and store digital assets | $38M | 60/100 | |
5th | Galxe 2021, San Mateo (United States), Series A | Web3 credential data network | $10M | 60/100 | |
6th |  Metaplex 2021, Chicago (United States), Series C | Online platform for developing NFTs marketplaces | $46M | 60/100 | |
7th |  COCA 2023, London (United Kingdom), Seed | Non-custodial cryptocurrency wallet | - | 55/100 | |
8th |  Origin Protocol 2017, San Francisco (United States), Series A | Blockchain platform for building decentralized marketplaces | $31.5M | 54/100 | |
9th |  Ryder 2022, Amsterdam (Netherlands), Seed | Digital asset hardware wallet | $4.4M | 51/100 | |
10th |  HaHa 2019, Remote (United States), Funding Raised | Mobile wallet for NFT and crypto traders | - | 49/100 | |
75th | Blockchain-based sidechain infrastructure platform | $27M | 32/100 |
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Palm's Investments and acquisitions
Palm has made no investments or acquisitions yet.
Reports related to Palm
Here is the latest report on Palm's sector:
News related to Palm
Media has covered Palm for 1 event in last 1 year.
•
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Palm Network to Join Polygon Ecosystem Becoming a ZK SupernetThe Crypto Times•Jul 28, 2023•Palm, Consensys
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Palm Foundation to Scale Its Native Network to Support NFT Minting and TradingCoinDesk•Jul 27, 2023•Palm, Consensys, Polygonlabs
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Liquidifty Strategic Partnership with Symbiosis!Smartliquidity•Jun 22, 2022•Liquidifty, Symbiosis International University, Palm
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Cool Cats Reels in Sian Morson as Vice President of CommunityBusiness Wire•Jun 06, 2022•Cool Cats, Palm
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Palm NFT Studio Partners With Moonwalk to Simplify Web3 For Brands and CreatorsBusiness Wire•May 12, 2022•Palm, Moonwalk
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Archie Comics Partners with Palm NFT Studio to Start Archieverse CollectionCoinspeaker•Apr 15, 2022•Archie Comics, Palm
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Microsoft Leads Early-Stage Funding Round of Crypto Startup Palm NFT StudioCoinspeaker•Dec 10, 2021•Microsoft, Palm, Griffin Gaming Partners, M12 and 7 others
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Palm, A New NFT Ecosystem and Studio for Creators, Announces Launch of First Project with Damien HirstBusiness Wire•Mar 30, 2021•Consensys, HENI, Palm
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