Radix - About the company
Radix is a series A company based in Channel Islands, founded in 2016 by Dan Hughes. It operates as a Blockchain platform featuring a range of DeFi applications. Radix has raised $14.1M in funding from LocalGlobe and DWF Labs. The company has 283 active competitors, including 83 funded and 9 that have exited. Its top competitors include companies like Brahma, Pi Network and Bloxroute.
Company Details
Blockchain platform featuring a range of DeFi applications. The ecosystem consists of stablecoins, collateralized lending, perpetual futures, decentralized exchanges, yield farming, wallets & dashboards, NFTs, gaming, money markets & more.
- Website
- www.radixdlt.com/
- Social
- Email ID
- *****@radixdlt.com
Key Metrics
Founded Year
2016
Location
Stage
Series A
Total Funding
$14.1M in 2 rounds
Latest Funding Round
Investors
Ranked
8th among 283 active competitors
Employee Count
32 as on Aug 31, 2026
Legal entities associated with Radix
Radix is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
Rdx Works Ltd CIN: 10864928 , United Kingdom, Active | Jul 12, 2017 | - | 16 (As on Mar 31, 2021) |
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Radix's funding and investors
Radix has raised a total funding of $14.1M over 2 rounds. Its first funding round was on Jul 09, 2020. Its latest funding round was a Series A round on Mar 23, 2023 for $*****. 1 investor participated in its latest round. Radix has 9 institutional investors and 1 angel investor.
Here is the list of recent funding rounds of Radix:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Mar 23, 2023 | 4018363 | Series A | 8900361 | 1379217 | 2357139 | 1233858 |
Jul 09, 2020 | 3224468 | Series A | 2990921 | 2384468 |
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Radix's founders and board of directors
Founder? Claim ProfileThe founders of Radix is Dan Hughes. Piers Ridyard is the CEO of Radix.
Here are the details of Radix's key team members:
- Dan Hughes: Founder & CTO of Radix.
- Piers Ridyard: CEO of Radix. They serve on the board of 1 company.
Radix's Board of Directors
Radix's board has 3 active members. Piers Ridyard is part of team and Daniel Patrick and Saul Klein are independent board members.Here is the list of Radix's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
i{{nt{k | Team | - | Current | 8y 9m |
Independent board member | - | Current | 9y 2m | |
ouoqpan | Independent board member | - | Current | 5y 2m |
View details of Radix's Founder profiles and Board Members
Radix's employee count trend
Radix has 32 employees as of Aug 26. Here is Radix's employee count trend over the years:
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Radix's Competitors and alternates
Top competitors of Radix include Brahma, Pi Network and Bloxroute. Here is the list of Top 10 competitors of Radix, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Blockchain-based network for Defi applications in the finance industry | $6.71M | 71/100 | ||
2nd |  Pi Network 2019, Palo Alto (United States), Seed | Provider of blockchain-based platform offering to mine coins | - | 67/100 | |
3rd |  Bloxroute 2017, Evanston (United States), Acquired | Provider of real-time data and transaction propagation for blockchain networks | $89.6M | 67/100 | |
4th | Berachain 2022, George Town (Cayman Islands), Series B | Provider of EVM-compatible blockchain built on Proof-of-Liquidity consensus | $142M | 62/100 | |
5th |  Sei 2021, San Francisco (United States), Series B | Online platform offering blockchain infrastructure solutions | $35M | 61/100 | |
6th | Blockchain-based platform offering tokenizes enterprise-grade GPUs | $15M | 60/100 | ||
7th |  Veda Tech 2024, New York City (United States), Series B | Provider of vault infrastructure platform for institutions to manage onchain financial products | $18M | 59/100 | |
8th | Radix 2016, Channel Islands, Series A | Blockchain platform featuring a range of DeFi applications | $14.1M | 58/100 | |
9th | Platform offering online banking solutions | $3M | 57/100 | ||
10th |  Kemet Trading 2022, New York City (United States), Series A | Platform offering infrastructure for digital asset derivative trading | $6.99M | 56/100 |
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Radix's Investments and acquisitions
Radix has made 2 investments in Neewee and Neewee. Radix has not made any acquisitions as of now.Reports related to Radix
Here is the latest report on Radix's sector:
News related to Radix
Filter this listMedia has covered Radix for a total of 4 events in the last 1 year, 2 of them have been about company updates and 2 about partnerships.
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Radix Launches RadQuest, Incentivizing User Onboarding To Ease Entry Into Web3Global Fintech Series•Jul 31, 2024•Radix
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