Sending.Network - About the company
Sending.Network is a seed company based in New York City (United States), founded in 2022 by Mason Yang and Joeyz Yu. It operates as an Online platform offering messaging protocol solutions. Sending.Network has raised $20M in funding. The company has 37 active competitors, including 11 that are funded. Its top competitors include companies like LayerZero Labs Canada Inc, Axelar and Element.
Company Details
Online platform offering messaging protocol solutions. It offers solutions for Web3 chat and social features. It also offers a web3 communications protocol that enables decentralized user interactions. It enables users to chat, discover and transact digital assets.
- Website
- sending.network
Key Metrics
Founded Year
2022
Location
New York City, United States
Stage
Seed
Total Funding
$20M in 2 rounds
Latest Funding Round
Investors
Ranked
7th among 37 active competitors
Employee Count
23 as on Mar 31, 2026
Investment & Acquisitions
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Sending.Network's funding and investors
Sending.Network has raised a total funding of $20M over 2 rounds. Its first funding round was on 2023. Its latest funding round was a Seed round on Apr 16, 2024 for $*****. 6 investors participated in its latest round. Sending.Network has 6 institutional investors.
Here is the list of recent funding rounds of Sending.Network:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Apr 16, 2024 | 3818758 | Seed | 9037129 | 8599616 | 8704133 | 4386783 |
2023 | 1584 | Seed | 9683 | 9903 | 9082 | 8179 |
View details of Sending.Network's funding rounds and investors
Sending.Network's founders and board of directors
Founder? Claim ProfileThe founders of Sending.Network are Mason Yang and Joeyz Yu.
Here are the details of Sending.Network's key team members:
- Mason Yang: Co-Founder of Sending.Network and founder of 2 other companies, Sending Labs and Sending.Me. Contact Info: 2 email addresses
- Joeyz Yu: Co-Founder of Sending.Network and founder of 1 other company.
View details of Sending.Network's Founder profiles and Board Members
Sending.Network's employee count trend
Sending.Network has 23 employees as of Mar 26. Here is Sending.Network's employee count trend over the years:
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Sending.Network's Competitors and alternates
Top competitors of Sending.Network include LayerZero Labs Canada Inc, Axelar and Element. Here is the list of Top 10 competitors of Sending.Network, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | LayerZero Labs Canada Inc 2021, Vancouver (Canada), Series B | Omnichain interoperability protocol that unites decentralized applications | $318M | 70/100 | |
2nd | Online platform for cross-chain communication for web3 | $93.8M | 68/100 | ||
3rd | Element 2016, London (United Kingdom), Series B | Decentralized team messaging app for enterprises | $48.1M | 67/100 | |
4th | Wormhole 2020, George Town (Cayman Islands), Series D | Provider of blockchain interoperability platform | $225M | 64/100 | |
5th | Glacis Labs 2024, San Francisco (United States), Seed | A router and firewall for cross-chain messages | $8.8M | 50/100 | |
6th | Multichain 2020, Singapore (Singapore), Seed | Cross-chain router protocol for businesses | $60M | 49/100 | |
7th | Sending.Network 2022, New York City (United States), Seed | Online platform offering messaging protocol solutions | $20M | 44/100 | |
8th | Decentralized message transfer protocol | - | 41/100 | ||
9th | Wormhole 2022, George Town (Cayman Islands), Unfunded | Decentralized messaging protocol and blockchain development platform | - | - | 37/100 |
10th | ![]() Whisper 2020, South Korea, Unfunded | Blockchain-based messenger platform for wallets | - | - | 36/100 |
Looking for more details on Sending.Network's competitors? Click here to see the top ones
Sending.Network's Investments and acquisitions
Sending.Network has a total of 1 investment in Yuliverse. Sending.Network has not made any acquisitions as of now.Reports related to Sending.Network
Here is the latest report on Sending.Network's sector:
News related to Sending.Network
•
Home decor brand Trampoline raises $5M in seed round led by ...YourStory•Jun 13, 2024•CSP DAO, , Hulk Crypto, Ultiverse and 8 others
•
Yuan Cosmic Chain Tour Yulivers to complete $ 4 million Pre-A round financingPANews•Jun 12, 2024•Yuliverse, Life Capital Group, Spire Capital, Presto Labs and 9 others
•
SendingNetwork, which focuses on web3 communication, completes $ 7.5 million seed expansion financingPANews•Apr 16, 2024•Sending.Network, Yield Guild, SWC Investments, Galxe and 3 others
•
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Sending Labs Unveils Dynamic Developments with Polygon and Sending Network v2GlobeNewswire•Jul 20, 2023•Sending.Network
•
Sending Labs Secures $12.5M to Launch the Web3 Communications StackBusiness Wire•Feb 21, 2023•Insignia Ventures Partners, Mindworks Capital, Signum Capital, K3 and 8 others
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