Funding round
Celsius Series A
Celsius, which works in cryptocurrency mining services and distribution in Wilmington, raised $30M in a Series A round announced on 22 Jun 2020, led by Tether. 1 firm took part. It is Celsius' first venture round on record.
$30M
Amount raised
24,310,000 GBP converted
Not disclosed
Post-money valuation
1
Investors
1 lead
Valuation
What this round says about the price
Celsius did not disclose a valuation in this round. It is Celsius' first venture round on record, 3 years after it was founded in 2017. It is 3.9% of the $780M Celsius has raised in the venture rounds on record. Celsius raised again 17 months later: a Series B round of $750M in Nov 2021, at $3.25B post-money.
Celsius' funding rounds
Celsius has 2 venture rounds on record and 1 other deal. This one is highlighted.
- Series A this round 22 Jun 2020, led by Tether $30M
- Other not a venture round 24 Jul 2020 $19M
- Series B 24 Nov 2021, led by WestCap and La Caisse $750M$3.25B post-money
Investors
Who put money in
Tether led the round.
Lead investor
- Tether new investor
Comparable rounds
How it compares
29 Series A rounds in Cryptocurrency within a year either side disclosed an amount; the median was $10M, and this round was 3.0 times the median. The closest in time, other companies' Series A rounds in Cryptocurrency:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Cryptocurrency | 22 Jun 2020 | $3.5M | not disclosed | HDR Group |
| Cryptocurrency | 21 Jul 2020 | $3.4M | not disclosed | 100X.VC |
| Cryptocurrency | 6 Aug 2020 | $11M | $79M | Andreessen Horowitz |
| Cryptocurrency | 26 Mar 2020 | $6.0M | not disclosed | Highland Capital Partners |
| Cryptocurrency | 19 Oct 2020 | $13M | not disclosed | undisclosed investors |
| Cryptocurrency | 17 Feb 2020 | $8.0M | not disclosed | not named |
| Cryptocurrency | 8 Oct 2020 | $5.0M | $20M | Draper Associates |
| Cryptocurrency | 3 Nov 2020 | $3.0M | not disclosed | Alameda Research |
Sources
Where this comes from
Reported by 2 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did Celsius raise in its Series A round?
Celsius raised $30M in its Series A round, announced in Jun 2020.
Who led Celsius' Series A round?
Tether led it.
What was Celsius' valuation at the Series A round?
It was not disclosed.
How does it compare with other Series A rounds in Cryptocurrency?
29 Series A rounds in Cryptocurrency within a year either side disclosed an amount; the median was $10M, and this round was 3.0 times the median.
Did Celsius raise again after this round?
Yes: a Series B round in Nov 2021 of $750M at $3.25B post-money.