Utorg - About the company
Utorg is a seed company based in Vilnius (Lithuania), founded in 2019 by Daniel Stolberg and Eugene Petrakov. It operates as a Platform offering web3 consumer infrastructure for crypto exchange. Utorg has raised $5M in funding from investors like TA Ventures, DRAGONFLY and Hypra. The company has 1900 active competitors, including 273 funded and 53 that have exited. Its top competitors include companies like BitGo, FalconX and Consensys.
Company Details
Platform offering web3 consumer infrastructure for crypto exchange. The company holds a license for providing a virtual currency service, in particular exchanging virtual currency against a fiat currency, virtual currency wallet service, and exchanging a virtual currency against a virtual currency.
- Website
- utorg.pro
- Social
- Email ID
- *****@utorg.pro
Key Metrics
Founded Year
2019
Location
Vilnius, Lithuania
Stage
Seed
Total Funding
$5M in 1 round
Latest Funding Round
Investors
Ranked
123rd among 1900 active competitors
Annual Revenue
€0 - €1M as on Dec 31, 2022
Employee Count
40 as on May 31, 2026
Legal entities associated with Utorg
Utorg is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Reports |
|---|---|---|---|---|
UTORG OÜ CIN: 14786273 , Estonia, Active | €0 - €1M (As on Dec 31, 2022) | 1 (As on Jun 30, 2023) |
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Utorg's funding and investors
Utorg has raised a total funding of $5M over 1 round. Its latest funding round was a Seed round on Dec 16, 2022 for $*****. 3 investors participated in its latest round. Utorg has 3 institutional investors.
Here is the list of recent funding rounds of Utorg:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Dec 16, 2022 | 2347151 | Seed | 3674778 | 9115841 | 4764969 | 6860083 |
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Utorg's founders and board of directors
Founder? Claim ProfileHere are the details of Utorg's key team members:
- Daniel Stolberg: Co-Founder of Utorg.
- Eugene Petrakov: Co-Founder & CEO of Utorg.
View details of Utorg's Founder profiles and Board Members
Utorg's employee count trend
Utorg has 40 employees as of May 26. Here is Utorg's employee count trend over the years:
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Utorg's Competitors and alternates
Top competitors of Utorg include BitGo, FalconX and Consensys. Here is the list of Top 10 competitors of Utorg, ranked by Tracxn score:
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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 | 81/100 | |
2nd |  FalconX 2018, San Francisco (United States), Series D | Online platform offering cryptocurrency trading and investment solutions for institutions | $430M | 80/100 | |
3rd |  Consensys 2014, Fort Worth (United States), Series D | Developer of blockchain and web3 software platform | $725M | 80/100 | |
4th | Coins.ph 2014, Pasig (Philippines), Acquired | Digital wallet for Bitcoin assets | $40M | 79/100 | |
5th | Amber Group 2017, Singapore (Singapore), Series C | Provider of blockchain-based financial solutions | $628M | 78/100 | |
6th |  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 | 76/100 | |
7th | _1587622150601.png?devicePixelRatio=2&height=30&width=30){kind=logo} Luno 2013, London (United Kingdom), Acquired | App-based platform for crypto wallet and investments | $13M | 76/100 | |
8th |  Anchorage Digital 2017, San Francisco (United States), Series E | Digital asset platform providing trading, custody, staking, settlement, and crypto financial infrastructure | $587M | 75/100 | |
9th |  River Financial 2019, San Francisco (United States), Series B | Blockchain focused investment firm | $70M | 74/100 | |
10th |  BlockFi 2017, Jersey City (United States), Acquired | Online platform for trading, crypto-backed loans, interest accounts, and wallets | $466M | 74/100 | |
123rd | Platform offering web3 consumer infrastructure for crypto exchange | $5M | 48/100 |
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Utorg's Investments and acquisitions
Utorg has made no investments or acquisitions yet.
Reports related to Utorg
Here is the latest report on Utorg's sector:
News related to Utorg
Media has covered Utorg for a total of 3 events in the last 1 year, 2 of them have been about company updates and 1 about partnerships.
•
Utorg Launches Utapp Crypto Wallet And Card For IOS Users, Expanding Its Consumer Product EcosystemBTCWire•Aug 21, 2026•Utorg
•
Utorg Appoints Former Binance Global Marketer Andrey Urychev as Chief Marketing OfficerGlobeNewswire•Jul 30, 2026•Utorg, Binance
•
•
Crypto superapp developer Utorg seals $5 millionTech.eu•Dec 16, 2022•Utorg, DRAGONFLY, TA Ventures, Hypra
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