# Celsius Network

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/celsius-network

- Industry: Software
- Headquarters: Wilmington, US
- Website: www.celsius.network
- Total disclosed funding: $401M
- Latest round: Series B (Apr 5, 2022)
- Investors on record: 3

## About

Based in New Jersey and founded in 2017, Celsius Network LLC operates as a cryptocurrency interest and lending platform. Alex Mashinsky (CEO), Nuke Goldstein, and S. Daniel Leon are the co-founders of the company. In 2020, Celsius Network Limited raised USD 18.8 million in venture funding from a new investor, Bank To The Future. In October 2021, Celsius Network LLC raised USD 400 million in venture funding co-led by new investors Caisse de depot et placement du Quebec and WestCap. The company provides a platform based on blockchain technology that provides curated financial services that are not available through traditional financial institutions, like fair interest, zero fees, and quick transactions. It offers a compounding yield service and low-cost loans accessible via the web and mobile app. Users need a membership on the platform to access the services provided by it. The company generated a revenue of approximately USD 15.3 million in 2020 and approximately USD 25.9 million in 2019.

## Funding rounds

- Series B, Apr 5, 2022, $1M — Tokentus Investment
- Series B, Oct 12, 2021, $400M — CDPQ, Westcap Management

## Investors

- CDPQ — Series B
- Westcap Management (https://capitalatlas.ai/funds/westcap-management) — Series B
- Tokentus Investment (https://capitalatlas.ai/funds/tokentus-investment) — Series B