Elrond
Latest round
- Seed
Last raised
- Jun 2019
Total raised
- $1.9M
Investors
- 8
About Elrond
Elrond Ltd, founded in 2017 in Malta, specializes in blockchain technology solutions. The company was established by Adrian Dobrita, Beniamin Mincu, Lucian Mincu, and Lucian Todea, with Beniamin Mincu serving as CEO.Elrond Ltd offers a comprehensive suite of blockchain technology solutions centered around its native token, EGLD. The MultiversX blockchain operates as a scalable and secure network, supporting over 3,600 validator nodes and achieving a transaction capacity of 263,000 transactions per second.The revenue model of Elrond is driven primarily by transaction fees from its blockchain network, where developers keep 30% of the gas fees from their smart contracts' interactions. The platform collaborates with service providers and businesses, including partnerships with Ledger and Amazon Web Services, to enhance its ecosystem and generate revenue through transactional activities. The company aims to develop new products and services tailored to the demands of emerging sectors, with specific focus on increased adoption in Europe, Asia, and North America. As part of its growth strategy, Elrond intends to strengthen its partnerships and improve its technological infrastructure to support the growing needs of developers and enterprises.
Who invested in Elrond
8 investors across 2 rounds
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Questions about Elrond
Who invested in Elrond?
Elrond has 8 investors on record across 2 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Elrond raised?
Elrond has raised 2 venture rounds. Sign up free to see how much each round raised and the total.
When did Elrond last raise money?
Elrond's most recent round on record is a Seed, in Jun 2019.
What does Elrond do?
Elrond Ltd, founded in 2017 in Malta, specializes in blockchain technology solutions.
Where is Elrond headquartered?
Elrond is headquartered in Malta, Malta.
Which VCs invest in companies like Elrond?
Among active investors with capital left to deploy, Index Ventures, Forbion, European Investment Bank and Balderton Capital back it infrastructure companies at Elrond's stage. Their profiles are linked below.
VCs backing it infrastructure startups at Seed
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