When was Reef founded?

Reef was founded in 2020 and raised its 1st funding round within a year of its incorporation.

Where is Reef located?

Reef is headquartered in Dubai, United Arab Emirates.

Who is the current CEO of Reef?

Denko Mancheski of Reef. They have also founded 1 company.

How many employees does Reef have?

As of Aug 31, 2026, the latest employee count at Reef is 16.

Is Reef a funded company?

Reef is a funded company, having raised a total of $23.9M across 2 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Sep 30, 2020.

When was the latest funding round of Reef?

Reef's latest funding was a $***** Series A round on Mar 12, 2021, with participation from 1 investor.

Where does Reef rank among its competitors?

Reef ranks 147th amongst 2103 active competitors, of which 349 are funded. It stands 10th in terms of total funding among its competitors. The most recent competitor to raise funding was BitGo, which secured an undisclosed amount in Jan, 2024.

Who are the top competitors of Reef?

Reef's top competitors include BitGo, Luno and Consensys. Among them, BitGo secured the most recent funding round in January, 2024.

Reef - 2026 Company Profile, Team, Funding & Competitors

Reef is a series A company based in Dubai (United Arab Emirates), founded in 2020 by Denko Mancheski. It operates as a Provider of blockchain network for DeFi. Reef has raised $23.9M in funding from investors like Kenetic, Alameda Research and Krypital Group. The company has 2103 active competitors, including 349 funded and 59 that have exited. Its top competitors include companies like BitGo, Luno and Consensys.

Company Details

Provider of a blockchain network for DeFi. Its infrastructure also allows for EVM extensions which allows for native token bridge, scheduled calls, smart contract in-place code upgrades, and more. It also allows users to earn rewards for participating in Reef governance.

Website: reef.io
Social

Key Metrics

Founded Year

2020

Location

Dubai, United Arab Emirates

Stage

Series A

Total Funding

$23.9M in 2 rounds

Latest Funding Round

Series A, Mar 12, 2021, $*****

Investors

Kenetic & 18 more

Ranked

147^th among 2103 active competitors

Employee Count

16 as on Aug 31, 2026

Similar Companies

BitGo & 3135 more

View Reef's full profile

Reef has raised a total funding of $23.9M over 2 rounds. Its first funding round was on Sep 30, 2020. Its latest funding round was a Series A round on Mar 12, 2021 for $*****. 1 investor participated in its latest round. Reef has 19 institutional investors.

Here is the list of recent funding rounds of Reef:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Mar 12, 2021	6898174	Series A	9481619	5043423	2019169	8755839
Sep 30, 2020	5817886	Seed	4563324	3153283	NGC Ventures & 5 more	7329516

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View details of Reef's funding rounds and investors

The founders of Reef is Denko Mancheski. Denko Mancheski is the CEO of Reef.

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

Denko Mancheski: Founder & CEO of Reef.
Contact Info: 1 email address

View details of Reef's Founder profiles and Board Members

Reef's employee count trend

Reef has 16 employees as of Aug 26. Here is Reef's employee count trend over the years:

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Top competitors of Reef include BitGo, Luno and Consensys. Here is the list of Top 10 competitors of Reef, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	BitGo 2013, Palo Alto (United States), Public	Platform that offers crypto based financial services	$170M	Goldman Sachs, Redpoint Ventures & 39 others	81/100
2nd	Luno 2013, London (United Kingdom), Acquired	App-based platform for crypto wallet and investments	$13M	Digital Currency Group, Balderton Capital ... & 14 others	81/100
3rd	Consensys 2014, Fort Worth (United States), Series D	Developer of blockchain and web3 software platform	$725M	Marshall Wace, Temasek & 58 others	80/100
4th	Coins.ph 2014, Pasig (Philippines), Acquired	Digital wallet for Bitcoin assets	$40M	Ribbit Capital, Innovation Endeavors & 16 others	80/100
5th	FalconX 2018, San Francisco (United States), Series D	Online platform offering cryptocurrency trading and investment solutions for institutions	$430M	B Capital, Sapphire Ventures & 26 others	79/100
6th	Amber Group 2017, Singapore (Singapore), Series C	Provider of blockchain-based financial solutions	$628M	Temasek, Fenbushi Capital & 32 others	77/100
7th	AVA 2018, Brooklyn (United States), Series B	Blockchain platform for smart contracts and custom subnets	$368M	Andreessen Horowitz, Metastable Materials ... & 22 others	75/100
8th	Fireblocks 2018, New York (United States), Series E	Provider of an online platform for crypto custody, payments, tokenization, and wallet-as-a-service	$1.04B	Spark Capital, Stripes & 38 others	75/100
9th	BlockFi 2017, Jersey City (United States), Acquired	Online platform for trading, crypto-backed loans, interest accounts, and wallets	$466M	Valar Ventures, Bain Capital Ventures & 63 others	74/100
10th	River Financial 2019, San Francisco (United States), Series B	Blockchain focused investment firm	$70M	Goldcrest, Kingsway Capital & 20 others	74/100
147th	Reef 2020, Dubai (United Arab Emirates), Series A	Provider of blockchain network for DeFi	$23.9M	Alameda Research, NGC Ventures & 17 others	46/100