TransitNet - About the company
TransitNet is a seed company based in Los Angeles (United States), founded in 2018 by Saurabh Kumar, Eric Jackson and Christopher Grey. It operates as a Blockchain-based compliance management solution for token issuers. TransitNet has raised $3.56M in funding. The company has 225 active competitors, including 55 funded and 15 that have exited. Its top competitors include companies like Chainalysis, Simplex and Behavox.
Company Details
Blockchain-based compliance management solution for token issuers. It provides tools for financial reporting, corporate governance and regulatory compliance management. It allows the token issuers to track and receive time stamped read receipts notifications. It allows users to create and submit transit declarations for goods moving across multiple countries, including those in the new computerised transit system.
- Website
- transitnet.io
- Social
Key Metrics
Founded Year
2018
Location
Los Angeles, United States
Stage
Seed
Total Funding
$3.56M in 2 rounds
Latest Funding Round
Investors
Ranked
47th among 225 active competitors
Annual Revenue
$0 - $1M as on Dec 31, 2022
Employee Count
2 as on Nov 03, 2022
Similar Companies
Legal entities associated with TransitNet
TransitNet is associated with 2 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
TransitNet LLC CIN: 1830411 , United States, Active | $0 - $1M (As on Dec 31, 2022) | - | - | |
TransitNet, LLC CIN: 0001830411 , United States, Active | $0 - $1M (As on Dec 31, 2022) | 1 (As on Dec 31, 2023) | - |
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TransitNet's funding and investors
TransitNet has raised a total funding of $3.56M over 2 rounds. Its first funding round was on Jul 10, 2018. TransitNet has 7 institutional investors and 1 angel investor.
Here is the list of recent funding rounds of TransitNet:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Apr 30, 2021 | 8200890 | Seed | 7570190 | 2412089 | 3984837 | 4591094 |
Jul 10, 2018 | 8031649 | Seed | 4158722 | 1848192 | 5346760 |
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TransitNet's founders and board of directors
Founder? Claim ProfileHere are the details of TransitNet's key team members:
- Saurabh Kumar: Co-Founder & CEO of TransitNet and founder of 5 other companies, including Ronday, Blinkit and Blinkit. They are also an angel investor in 9 startups and serve on the boards of 3 companies.Contact Info: 3 email addresses and 1 phone number
- Eric Jackson: Former Co-Founder of TransitNet.
- Christopher Grey: Co-Founder of TransitNet.
View details of TransitNet's Founder profiles and Board Members
TransitNet's employee count trend
TransitNet has 2 employees as of Nov 22. Here is TransitNet's employee count trend over the years:
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TransitNet's Competitors and alternates
Top competitors of TransitNet include Chainalysis, Simplex and Behavox. Here is the list of Top 10 competitors of TransitNet, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  Chainalysis 2014, New York City (United States), Series F | Blockchain data platform providing crypto insights | $538M | 77/100 | |
2nd | AI-based crypto payments and fraud prevention solutions for businesses | $19M | 73/100 | ||
3rd | Behavox 2014, London (United Kingdom), Series B | Provider of AI-driven platform for regulatory compliance and risk management | $168M | 71/100 | |
4th | Elliptic 2013, London (United Kingdom), Series D | Provider of blockchain analytics software for digital asset risk management | $224M | 70/100 | |
5th | Solidus Labs 2017, New York City (United States), Series B | Digital asset trade surveillance solution | $83M | 67/100 | |
6th | Concordium 2018, Cham (Switzerland), Series B | Layer-1 blockchain protocol focused on identity-first | $15M | 67/100 | |
7th | TRM Labs 2018, San Francisco (United States), Series C | Provider of blockchain intelligence for detecting crypto-facilitated crime and compliance | $220M | 66/100 | |
8th | Merkle Science 2018, Singapore (Singapore), Series B | Blockchain analytics platform for cryptocurrency risk and threat detection | $25.6M | 64/100 | |
9th | RedStone 2021, Baar (Switzerland), Series A | Provider of decentralised oracle network | $22.9M | 63/100 | |
10th | Chaos Labs 2021, New York (United States), Series A | Provider of risk management, analytics, and oracle solutions for DeFi | $75M | 62/100 | |
47th |  TransitNet 2018, Los Angeles (United States), Seed | Blockchain-based compliance management solution for token issuers | $3.56M | 37/100 |
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TransitNet's Investments and acquisitions
TransitNet has made no investments or acquisitions yet.
Reports related to TransitNet
Here is the latest report on TransitNet's sector:
News related to TransitNet
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CapLinked Receives $2.5MMassinvestor•Jul 10, 2018•CapLinked, TransitNet, Translunar One, Kenetic and 3 others
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