# BlockCypher

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/blockcypher

- Industry: Software
- Headquarters: San Mateo, US
- Website: www.blockcypher.com
- Total disclosed funding: $3.1M
- Latest round: Seed (Jan 14, 2015)
- Investors on record: 10

## About

BlockCypher offers robust blockchain web services, enabling developers to build, customize, and implement scalable blockchain applications across multiple cryptocurrencies with a focus on enhancing transaction validation and data storage functionality.Founded in 2014 in San Mateo, US, BlockCypher provides a platform for blockchain application development. The company achieved its latest funding round, Seed, in January 2015, raising USD 3.1 mn with participation from investors such as Foundation Capital and New Enterprise Associates. The co-founders, Catheryne Nicholson and Matthieu Riou, have backgrounds in technology and innovation, contributing to the company's strategic vision. BlockCypher has engaged in two funding deals to date, with the most recent attracting significant venture capital interest.BlockCypher specializes in a comprehensive suite of blockchain web services designed to facilitate the development of blockchain applications. Their core offerings include APIs supporting various cryptocurrencies, including Bitcoin and Ethereum, allowing developers to create scalable solutions. These services cater to startups and enterprises aiming to integrate blockchain technology, enhancing functionalities such as transaction validation and data storage. Since its inception, BlockCypher has established a substantial user base across North America, Europe, and Asia, providing a high-throughput, low-latency infrastructure suitable for diverse applications.BlockCypher generates revenue primarily through a subscription-based model for API usage. Clients access blockchain services according to different service tiers, which accommodate a range of operational requirements from small developers to large enterprises. Revenue is derived through direct transactions where clients purchase API tokens for their blockchain applications, with pricing structured based on the volume of API calls, ensuring flexibility for users.BlockCypher plans to utilize its recent funding of USD 3.1 mn raised in January 2015 to enhance its product offerings and expand into new markets. The company is designing new products aimed at improving blockchain functionality and scalability, with plans for launch in the coming years. Additionally, BlockCypher aims to penetrate further into European and Asian markets by 2025, targeting enterprises looking to adopt advanced blockchain solutions for their operations. The investment will support infrastructure enhancements and broaden their service capabilities to meet client demands.

## Funding rounds

- Seed, Jan 14, 2015, $3.1M — New Enterprise Associates, Foundation Capital, Granite Ventures, 500 Global, Pegasus Tech Ventures, AME Cloud Ventures, Boost VC, Streamlined Ventures, Blockchain Capital, Upside Partnership

## Investors

- New Enterprise Associates (https://capitalatlas.ai/funds/new-enterprise-associates) — Seed
- Foundation Capital (https://capitalatlas.ai/funds/foundation-capital) — Seed
- Granite Ventures (https://capitalatlas.ai/funds/granite-ventures) — Seed
- 500 Global (https://capitalatlas.ai/funds/500-global) — Seed
- Pegasus Tech Ventures (https://capitalatlas.ai/funds/pegasus-tech-ventures) — Seed
- AME Cloud Ventures (https://capitalatlas.ai/funds/ame-cloud-ventures) — Seed
- Boost VC (https://capitalatlas.ai/funds/boost-vc) — Seed
- Streamlined Ventures (https://capitalatlas.ai/funds/streamlined-ventures) — Seed
- Blockchain Capital (https://capitalatlas.ai/funds/blockchain-capital) — Seed
- Upside Partnership (https://capitalatlas.ai/funds/upside-partnership) — Seed