Pell Network - About the company
Pell Network is a seed company based in Singapore (Singapore), founded in 2024 by Xavier Xiang. It operates as a Decentralized BTC restaking network. Pell Network has raised $6.5M in funding from investors like Halo Capital, Mirana and Paper Ventures. The company has 536 active competitors, including 113 funded and 11 that have exited. Its top competitors include companies like Figment, ether.fi and Kiln.
Company Details
Decentralized BTC restaking network. It is constructing a network that aggregates native BTC Stake and LSD restake services, it allows stakers to choose to validate software modules built upon the ecosystem. It provides decentralized cloud infrastructure on bitcoin.
- Website
- pell.network
- Social
- Email ID
- *****@pell.network
Key Metrics
Founded Year
2024
Location
Singapore, Singapore
Stage
Seed
Total Funding
$6.5M in 2 rounds
Latest Funding Round
Investors
Ranked
75th among 536 active competitors
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Pell Network's funding and investors
Pell Network has raised a total funding of $6.5M over 2 rounds. Its first funding round was on Oct 15, 2024. Its latest funding round was a Seed round on Jan 28, 2025 for $*****. 8 investors participated in its latest round. Pell Network has 12 institutional investors.
Here is the list of recent funding rounds of Pell Network:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Jan 28, 2025 | 8053934 | Seed | 3048507 | 7908050 | 3277510 | 1936045 |
Oct 15, 2024 | 6883948 | Seed | 3915523 | 1987360 |
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Pell Network's founders and board of directors
Founder? Claim ProfileThe founders of Pell Network is Xavier Xiang. Steven Pell is the CEO of Pell Network.
Here are the details of Pell Network's key team members:
- Xavier Xiang: Co-Founder of Pell Network. Contact Info: 1 email address
- Steven Pell: Co-CEO of Pell Network. Contact Info: 1 email address
View details of Pell Network's Founder profiles and Board Members
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Pell Network's Competitors and alternates
Top competitors of Pell Network include Figment, ether.fi and Kiln. Here is the list of Top 10 competitors of Pell Network, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Online platform for the staking solution | $165M | 70/100 | ||
2nd |  ether.fi 2022, George Town (Cayman Islands), Series A | Liquid staking protocol | $32.3M | 66/100 | |
3rd | Provider of cryptocurrency staking solutions | $39.7M | 65/100 | ||
4th | Non-custodial staking solution for cryptocurrencies | $72M | 63/100 | ||
5th |  EigenLayer 2021, Seattle (United States), Series B | Platform offering a set of smart contracts on Ethereum | $241M | 63/100 | |
6th |  CyberConnect 2021, Palo Alto (United States), Series A | Web3 social network platform | $25M | 62/100 | |
7th | Platform offering a generalized shared security system for decentralized networks | $34.8M | 60/100 | ||
8th |  P2P 2018, George Town (Cayman Islands), Series A | Provider of a non-custodial staking platform for cryptocurrencies | $23M | 60/100 | |
9th |  Solayer 2024, Zug (Switzerland), Seed | Offering decentralized network security solutions | $12M | 59/100 | |
10th |  Tokens.com 2020, Toronto (Canada), Public | Blockchain-based technology focused on transaction processing and validation services for various digital assets | $25M | - | 59/100 |
75th | Pell Network 2024, Singapore (Singapore), Seed | Decentralized BTC restaking network | $6.5M | 37/100 |
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Pell Network's Investments and acquisitions
Pell Network has made no investments or acquisitions yet.
Reports related to Pell Network
Here is the latest report on Pell Network's sector:
News related to Pell Network
•
Bitcoin re-staking network Pell Network completes $3.5 million strategic round of financingCoinTime•Jan 28, 2025•Pell Network, D11, Web3Port Foundation, ArkStream Capital and 4 others
•
Pell Network Raises $3M in Funding Round to Build Omnichain DVS Networkbitcoinethereumnews.com•Oct 19, 2024•Pell Network, Paper Ventures, Halo Capital, Mirana and 13 others
•
Pell Network Announces $3M Pre-Seed Funding to Advance Decentralized Verification ServicesBitcoin Insider•Oct 15, 2024•Pell Network, Halo Capital, Mirana, Paper Ventures and 4 others
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