Celsius valuation, funding and investors

Celsius works in cryptocurrency mining services and distribution, based in Wilmington, United States. Founded in 2017, it has about 118 employees.

Cryptocurrency Wilmington Series B

VALUATION · TODAY

$32.5M +0% after Series B

Range $0.00M – $32.5M · Grade dead

TODAY

+12 MO

$2.00B

$4.00B

$6.00B

$8.00B

2018

2019

2020

2021

2022

2023

2024

2025

2026

2027

Series A $30.1M

Series B $750M

ValuationBefore first round12-month outlook: where it points, how wide it fansHover the past: the outlook shows what was predicted then

HEADCOUNT · TODAY118 employees

−1%6m growth

−5%1y growth

−31%2y growth

100

200

300

Data from Jan 2021

TODAY

Predicted in 1 yr $32.5M +0% vs today

Predicted next raise – no prediction

Winding-down probability 100%

Last round: Series B · $750M · Nov 2021
Valuation at last round: $3.25B
Headcount: 118 · flat
Grade: dead
Founded: 2017

How VCMC values companies →

Celsius valuation today

VCMC values Celsius at $32.5M today: the company is known to be closed.

Valuation by date (121 rows)

Each point is what the model would have shown on that date, using only what was known then; before its first round, a company is valued as a startup because it later raised.

Celsius: valuation by date, as the model would have shown it on each date
Date	Valuation	Range	Predicted in 1 yr	Phase	Headcount	Trend	Grade	Winding-down probability
1 Jan 2017	$8.37M	$3.05M – $23.0M	$11.5M (+37%)	before first round	–	unknown	D	0%
1 Feb 2017	$8.60M	$3.13M – $23.6M	$11.8M (+37%)	before first round	–	unknown	D	0%
1 Mar 2017	$8.81M	$3.21M – $24.2M	$12.1M (+37%)	before first round	–	unknown	D	0%
1 Apr 2017	$9.05M	$3.29M – $24.9M	$12.4M (+37%)	before first round	–	unknown	D	0%
1 May 2017	$9.29M	$3.38M – $25.5M	$12.7M (+37%)	before first round	–	unknown	D	0%
1 Jun 2017	$9.54M	$3.47M – $26.2M	$13.1M (+37%)	before first round	–	unknown	D	0%
1 Jul 2017	$9.79M	$3.56M – $26.9M	$13.4M (+37%)	before first round	–	unknown	D	0%
1 Aug 2017	$10.1M	$3.66M – $27.6M	$13.8M (+37%)	before first round	–	unknown	D	0%
1 Sep 2017	$10.3M	$3.76M – $28.4M	$14.2M (+37%)	before first round	–	unknown	D	0%
1 Oct 2017	$10.6M	$3.86M – $29.1M	$14.5M (+37%)	before first round	–	unknown	D	0%
1 Nov 2017	$10.9M	$3.96M – $29.9M	$14.9M (+37%)	before first round	–	unknown	D	0%
1 Dec 2017	$11.2M	$4.07M – $30.7M	$15.3M (+37%)	before first round	–	unknown	D	0%
1 Jan 2018	$11.5M	$4.18M – $31.5M	$15.7M (+37%)	before first round	–	unknown	D	0%
1 Feb 2018	$11.8M	$4.29M – $32.4M	$16.2M (+37%)	before first round	–	unknown	D	0%
1 Mar 2018	$12.1M	$4.40M – $33.2M	$16.6M (+37%)	before first round	–	unknown	D	0%
1 Apr 2018	$12.4M	$4.52M – $34.1M	$17.0M (+37%)	before first round	–	unknown	D	0%
1 May 2018	$12.7M	$4.64M – $35.0M	$17.5M (+37%)	before first round	–	unknown	D	0%
1 Jun 2018	$13.1M	$4.76M – $35.9M	$17.9M (+37%)	before first round	–	unknown	D	0%
1 Jul 2018	$13.4M	$4.89M – $36.9M	$18.4M (+37%)	before first round	–	unknown	D	0%
1 Aug 2018	$13.8M	$5.02M – $37.9M	$18.6M (+35%)	before first round	–	unknown	D	0%
1 Sep 2018	$14.2M	$5.15M – $38.9M	$18.8M (+32%)	before first round	–	unknown	D	0%
1 Oct 2018	$14.5M	$5.29M – $39.9M	$18.9M (+30%)	before first round	–	unknown	D	0%
1 Nov 2018	$14.9M	$5.43M – $41.0M	$19.1M (+28%)	before first round	–	unknown	D	0%
1 Dec 2018	$15.3M	$5.58M – $42.1M	$19.3M (+26%)	before first round	–	unknown	D	0%
1 Jan 2019	$15.7M	$5.73M – $43.2M	$19.4M (+24%)	before first round	–	unknown	D	0%
1 Feb 2019	$16.2M	$5.88M – $44.4M	$19.6M (+21%)	before first round	–	unknown	D	0%
1 Mar 2019	$16.6M	$6.03M – $45.5M	$19.8M (+19%)	before first round	–	unknown	D	0%
1 Apr 2019	$17.0M	$6.19M – $46.7M	$20.0M (+17%)	before first round	–	unknown	D	0%
1 May 2019	$17.5M	$6.35M – $47.9M	$20.1M (+15%)	before first round	–	unknown	D	0%
1 Jun 2019	$17.9M	$6.53M – $49.3M	$20.3M (+13%)	before first round	–	unknown	D	0%
1 Jul 2019	$18.4M	$6.70M – $50.5M	$20.5M (+11%)	before first round	–	unknown	D	0%
1 Aug 2019	$18.6M	$6.77M – $51.1M	$20.7M (+11%)	before first round	–	unknown	D	0%
1 Sep 2019	$18.8M	$6.83M – $51.5M	$20.9M (+11%)	before first round	–	unknown	D	0%
1 Oct 2019	$18.9M	$6.89M – $52.0M	$21.1M (+11%)	before first round	–	unknown	D	0%
1 Nov 2019	$19.1M	$6.95M – $52.5M	$21.3M (+11%)	before first round	–	unknown	D	0%
1 Dec 2019	$19.3M	$7.01M – $52.9M	$21.5M (+11%)	before first round	–	unknown	D	0%
1 Jan 2020	$19.4M	$7.08M – $53.4M	$21.7M (+11%)	before first round	–	unknown	D	0%
1 Feb 2020	$19.6M	$7.14M – $53.9M	$21.9M (+11%)	before first round	–	unknown	D	0%
1 Mar 2020	$19.8M	$7.21M – $54.4M	$22.0M (+11%)	before first round	–	unknown	D	0%
1 Apr 2020	$20.0M	$7.27M – $54.9M	$22.2M (+11%)	before first round	–	unknown	D	0%
1 May 2020	$20.2M	$7.34M – $55.4M	$22.4M (+11%)	before first round	–	unknown	D	0%
1 Jun 2020	$20.3M	$7.40M – $55.9M	$22.6M (+11%)	before first round	–	unknown	D	0%
23 Jun 2020	$168M	$110M – $459M	$301M (+80%)	after a round	–	unknown	C	0%
1 Jul 2020	$170M	$110M – $459M	$301M (+77%)	after a round	–	unknown	C	0%
1 Aug 2020	$179M	$110M – $459M	$301M (+69%)	after a round	–	unknown	C	0%
1 Sep 2020	$188M	$110M – $459M	$301M (+61%)	after a round	–	unknown	C	0%
1 Oct 2020	$197M	$110M – $459M	$301M (+53%)	after a round	–	unknown	C	0%
1 Nov 2020	$207M	$110M – $459M	$301M (+46%)	after a round	–	unknown	C	0%
1 Dec 2020	$217M	$110M – $459M	$301M (+39%)	after a round	–	unknown	C	0%
1 Jan 2021	$228M	$110M – $459M	$301M (+32%)	after a round	40	unknown	C	0%
1 Feb 2021	$240M	$110M – $459M	$301M (+26%)	after a round	40	unknown	C	0%
1 Mar 2021	$251M	$110M – $459M	$301M (+20%)	after a round	40	unknown	C	0%
1 Apr 2021	$264M	$110M – $459M	$301M (+14%)	after a round	40	unknown	C	0%
1 May 2021	$277M	$110M – $459M	$301M (+9%)	after a round	40	unknown	C	0%
1 Jun 2021	$291M	$110M – $459M	$301M (+3%)	after a round	40	unknown	C	0%
1 Jul 2021	$301M	$108M – $459M	$301M (0%)	after a round	40	unknown	C	0%
1 Aug 2021	$301M	$103M – $459M	$301M (0%)	after a round	40	unknown	C	0%
1 Sep 2021	$301M	$97.9M – $459M	$301M (0%)	after a round	40	unknown	C	0%
1 Oct 2021	$301M	$93.2M – $459M	$301M (0%)	after a round	40	unknown	C	0%
1 Nov 2021	$301M	$88.6M – $459M	$301M (0%)	after a round	40	unknown	C	0%
25 Nov 2021	$3.3B	$2.8B – $5.6B	$4.9B (+50%)	after a round	40	unknown	B	0%
1 Dec 2021	$3.3B	$2.8B – $5.6B	$4.9B (+49%)	after a round	40	unknown	B	0%
1 Jan 2022	$3.4B	$2.8B – $5.6B	$4.9B (+44%)	after a round	40	unknown	B	0%
1 Feb 2022	$3.5B	$2.8B – $5.6B	$4.9B (+39%)	after a round	40	unknown	B	0%
1 Mar 2022	$3.6B	$2.8B – $5.6B	$4.9B (+35%)	after a round	40	unknown	B	0%
1 Apr 2022	$3.7B	$2.8B – $5.6B	$4.9B (+30%)	after a round	40	unknown	B	0%
1 May 2022	$3.9B	$2.8B – $5.6B	$4.9B (+26%)	after a round	40	unknown	B	0%
1 Jun 2022	$4.0B	$2.8B – $5.6B	$4.9B (+22%)	after a round	40	unknown	B	0%
1 Jul 2022	$4.1B	$2.8B – $5.6B	$4.9B (+18%)	after a round	40	unknown	B	0%
1 Aug 2022	$4.3B	$2.8B – $5.6B	$4.9B (+14%)	after a round	40	unknown	B	0%
1 Sep 2022	$4.4B	$2.8B – $5.6B	$4.9B (+10%)	after a round	40	unknown	B	0%
1 Oct 2022	$4.6B	$2.8B – $5.6B	$4.9B (+6%)	after a round	40	unknown	B	0%
1 Nov 2022	$4.8B	$2.8B – $5.6B	$4.9B (+3%)	after a round	40	unknown	B	0%
1 Dec 2022	$4.9B	$2.8B – $5.6B	$4.9B (0%)	after a round	40	unknown	B	0%
1 Jan 2023	$4.9B	$2.7B – $5.6B	$4.9B (0%)	after a round	40	unknown	B	0%
1 Feb 2023	$4.9B	$2.6B – $5.6B	$4.9B (0%)	after a round	40	unknown	B	0%
1 Mar 2023	$4.9B	$2.5B – $5.6B	$4.9B (0%)	after a round	40	unknown	B	0%
1 Apr 2023	$4.9B	$2.4B – $5.6B	$4.9B (0%)	after a round	40	unknown	B	0%
1 May 2023	$4.9B	$2.3B – $5.6B	$4.9B (0%)	after a round	270	unknown	B	0%
1 Jun 2023	$4.9B	$2.2B – $5.6B	$4.9B (0%)	after a round	270	unknown	B	0%
1 Jul 2023	$4.9B	$2.1B – $5.6B	$4.9B (0%)	after a round	270	unknown	B	0%
1 Aug 2023	$4.9B	$2.0B – $5.6B	$4.9B (0%)	after a round	270	unknown	B	0%
1 Sep 2023	$4.9B	$1.9B – $5.6B	$4.9B (0%)	after a round	270	unknown	B	0%
1 Oct 2023	$4.9B	$1.8B – $5.6B	$4.9B (0%)	after a round	270	unknown	B	0%
1 Nov 2023	$2.3B	$1.6B – $4.0B	$1.4B (-38%)	after a round	200	shrinking	B	97%
1 Dec 2023	$2.1B	$1.5B – $3.6B	$1.2B (-42%)	after a round	200	shrinking	B	97%
1 Jan 2024	$2.0B	$1.5B – $3.6B	$1.2B (-43%)	after a round	200	shrinking	B	97%
1 Feb 2024	$1.9B	$1.4B – $3.5B	$1.1B (-43%)	after a round	200	shrinking	B	97%
1 Mar 2024	$1.9B	$1.3B – $3.5B	$1.1B (-43%)	after a round	170	shrinking	B	97%
1 Apr 2024	$1.8B	$1.3B – $3.5B	$1.0B (-44%)	after a round	170	shrinking	B	97%
1 May 2024	$1.7B	$1.2B – $3.5B	$976M (-44%)	after a round	170	shrinking	B	97%
1 Jun 2024	$1.7B	$1.1B – $3.5B	$934M (-45%)	after a round	170	shrinking	B	97%
1 Jul 2024	$1.6B	$1.1B – $3.5B	$895M (-45%)	after a round	170	shrinking	B	97%
1 Aug 2024	$1.6B	$1.0B – $3.4B	$856M (-45%)	after a round	170	shrinking	C	97%
1 Sep 2024	$1.5B	$977M – $3.4B	$819M (-46%)	after a round	170	shrinking	C	97%
1 Oct 2024	$1.5B	$930M – $3.4B	$785M (-46%)	after a round	170	shrinking	C	97%
1 Nov 2024	$1.4B	$883M – $3.4B	$751M (-46%)	after a round	170	shrinking	C	97%
1 Dec 2024	$1.7B	$841M – $5.1B	$1.0B (-40%)	after a round	160	down	C	91%
1 Jan 2025	$1.6B	$799M – $5.1B	$964M (-40%)	after a round	160	down	C	91%
1 Feb 2025	$1.6B	$759M – $5.1B	$929M (-41%)	after a round	160	down	C	91%
1 Mar 2025	$1.5B	$725M – $5.0B	$898M (-41%)	after a round	160	down	C	91%
1 Apr 2025	$1.5B	$689M – $5.0B	$866M (-41%)	after a round	160	down	C	91%
1 May 2025	$1.6B	$656M – $5.0B	$951M (-39%)	after a round	160	flat	D	84%
1 Jun 2025	$1.7B	$624M – $5.0B	$1.0B (-37%)	after a round	160	flat	D	77%
1 Jul 2025	$1.7B	$594M – $5.0B	$1.1B (-35%)	after a round	160	flat	D	71%
1 Aug 2025	$1.2B	$564M – $4.9B	$667M (-43%)	after a round	128	down	D	97%
1 Sep 2025	$1.1B	$536M – $4.9B	$642M (-43%)	after a round	127	down	D	97%
1 Oct 2025	$785M	$510M – $1.8B	$432M (-45%)	after a round	124	shrinking	C	97%
1 Nov 2025	$752M	$485M – $1.7B	$432M (-43%)	after a round	119	shrinking	C	97%
1 Dec 2025	$671M	$462M – $1.3B	$432M (-36%)	after a round	119	shrinking	B	97%
1 Jan 2026	$641M	$439M – $1.3B	$431M (-33%)	after a round	119	shrinking	B	97%
1 Feb 2026	$612M	$417M – $1.2B	$431M (-30%)	after a round	119	shrinking	B	97%
1 Mar 2026	$809M	$398M – $3.4B	$622M (-23%)	after a round	119	down	D	97%
1 Apr 2026	$778M	$378M – $3.4B	$621M (-20%)	after a round	119	down	D	97%
1 May 2026	$749M	$360M – $3.4B	$621M (-17%)	after a round	119	down	D	97%
1 Jun 2026	$830M	$342M – $3.4B	$718M (-13%)	after a round	119	flat	D	89%
1 Jul 2026	$913M	$326M – $3.5B	$819M (-10%)	after a round	119	flat	D	82%
1 Aug 2026	$998M	$310M – $3.5B	$923M (-8%)	after a round	119	flat	D	76%
1 Sep 2026	$1.1B	$294M – $3.6B	$1.0B (-5%)	after a round	119	flat	D	70%
1 Oct 2026	$1.2B	$283M – $3.6B	$1.1B (-4%)	after a round	118	flat	D	64%
24 Oct 2026	$32.5M	$0 – $32.5M	$32.5M (0%)	after a round	118	flat	dead	100%

Key facts about Celsius

Founded: 2017
Headquarters: Wilmington, United States
Employees: about 118 -5% in a year
Total raised: $799M
Funding rounds: 3
Last round: Series B Nov 2021

Celsius was founded in 2017 by Alex Mashinsky, Daniel Leon and Nuke Goldstein.

Celsius funding history

Celsius has 3 funding rounds on record, from Jun 2020 to Nov 2021, $799M in total. The latest disclosed valuation is $3.25B post-money (Series B, Nov 2021).

Series B 24 Nov 2021
Led by WestCap, La Caisse.
Sources: blockworks.com, coindesk.com, cryptoslate.com and 2 more
$750M
$3.25B post-money
Other 24 Jul 2020no round page
With BnkToTheFuture.
Sources: prnewswire.com, crowdfundinsider.com, finsmes.com and 1 more
$19M
Series A 22 Jun 2020
Led by Tether.
Sources: uktechnews.info, prnewswire.com
$30M

Celsius investors

4 investors have backed Celsius; La Caisse, Tether and WestCap led at least one round.

What Celsius does

Celsius works in cryptocurrency, with 6 recorded offerings and customers in cryptocurrency.

Celsius Network LLC is a United States company engaged in cryptocurrency mining and distribution, with a focus on Bitcoin mining and cryptocurrency distribution. The company served cryptocurrency investors and miners globally. After a Chapter 11 bankruptcy filing, Celsius Network LLC was reorganized into Ionic Digital LLC, a mining business, and its business operations were wound down.

Description from Veridion's company data.

Products and services

Cryptocurrency Mining Services and Distribution
Bitcoin Mining Services
Cryptocurrency Distribution
Cryptocurrency Investment Services
Equity Distribution
Creditor Payment Distribution

Markets

Cryptocurrency

Business model

Business-to-Business
Business-to-Consumer

Industry codes (NAICS)

333131 Mining Machinery and Equipment Manufacturing 50% match
424990 Other Miscellaneous Nondurable Goods Merchant Wholesalers 50% match

Questions about Celsius

What is Celsius worth?

Valuation $32.5M (range $0 to $32.5M), as of 24 Oct 2026. The last disclosed valuation was $3.25B (Series B, Nov 2021).

Has Celsius raised money?

Celsius has 3 funding rounds on record, from Jun 2020 to Nov 2021, $799M in total. The latest disclosed valuation is $3.25B post-money (Series B, Nov 2021).

Who has invested in Celsius?

La Caisse, Tether, WestCap and BnkToTheFuture. Lead investors include La Caisse, Tether and WestCap.

How many people work at Celsius?

About 118, down 5% over the last year. Headcount rose from 40 in Jan 2021 to 270 in May 2023, then fell to 118 in Sep 2026.

What does Celsius do?

Celsius works in cryptocurrency, with 6 recorded offerings and customers in cryptocurrency. Its main offerings are cryptocurrency mining services and distribution, bitcoin mining services and cryptocurrency distribution.

When was Celsius founded, and where is it based?

Celsius was founded in 2017 and is based in Wilmington, United States. It has about 118 employees, down 5% over the last year.

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