FTX valuation, funding and investors

FTX works in cryptocurrency trading and exchange services, based in New Providence, Bahamas. Founded in 2018, it has about 63 employees.

Cryptocurrency New Providence Series C

VALUATION · TODAY

$238M +0% after Series C

Range $0.00M – $238M · Grade dead

TODAY

+12 MO

$20.00B

$40.00B

$60.00B

2019

2020

2021

2022

2023

2024

2025

2026

2027

Series B $900M

Series C $400M

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

HEADCOUNT · TODAY63 employees

+125%6m growth

−90%1y growth

−89%2y growth

250

500

750

Data from Jan 2021

TODAY

Predicted in 1 yr $238M +0% vs today

Predicted next raise – no prediction

Winding-down probability 100%

Last round: Series C · $400M · Jan 2022
Valuation at last round: $32.00B
Headcount: 63 · shrinking
Grade: dead
Founded: 2018

How VCMC values companies →

FTX valuation today

VCMC values FTX at $238M today: the company is known to be closed.

Valuation by date (108 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.

FTX: 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 2018	$5.91M	$2.15M – $16.2M	$8.10M (+37%)	before first round	–	unknown	D	0%
1 Feb 2018	$6.07M	$2.21M – $16.7M	$8.32M (+37%)	before first round	–	unknown	D	0%
1 Mar 2018	$6.22M	$2.26M – $17.1M	$8.53M (+37%)	before first round	–	unknown	D	0%
1 Apr 2018	$6.39M	$2.33M – $17.5M	$8.76M (+37%)	before first round	–	unknown	D	0%
1 May 2018	$6.56M	$2.39M – $18.0M	$8.99M (+37%)	before first round	–	unknown	D	0%
1 Jun 2018	$6.73M	$2.45M – $18.5M	$9.23M (+37%)	before first round	–	unknown	D	0%
1 Jul 2018	$6.91M	$2.52M – $19.0M	$9.47M (+37%)	before first round	–	unknown	D	0%
1 Aug 2018	$7.10M	$2.58M – $19.5M	$9.57M (+35%)	before first round	–	unknown	D	0%
1 Sep 2018	$7.29M	$2.65M – $20.0M	$9.66M (+32%)	before first round	–	unknown	D	0%
1 Oct 2018	$7.48M	$2.72M – $20.6M	$9.74M (+30%)	before first round	–	unknown	D	0%
1 Nov 2018	$7.68M	$2.80M – $21.1M	$9.83M (+28%)	before first round	–	unknown	D	0%
1 Dec 2018	$7.89M	$2.87M – $21.7M	$9.92M (+26%)	before first round	–	unknown	D	0%
1 Jan 2019	$8.10M	$2.95M – $22.3M	$10.0M (+24%)	before first round	–	unknown	D	0%
1 Feb 2019	$8.32M	$3.03M – $22.9M	$10.1M (+21%)	before first round	–	unknown	D	0%
1 Mar 2019	$8.53M	$3.10M – $23.4M	$10.2M (+19%)	before first round	–	unknown	D	0%
1 Apr 2019	$8.76M	$3.19M – $24.1M	$10.3M (+17%)	before first round	–	unknown	D	0%
1 May 2019	$8.99M	$3.27M – $24.7M	$10.4M (+15%)	before first round	–	unknown	D	0%
1 Jun 2019	$9.23M	$3.36M – $25.4M	$10.5M (+13%)	before first round	–	unknown	D	0%
1 Jul 2019	$9.47M	$3.45M – $26.0M	$10.6M (+11%)	before first round	–	unknown	D	0%
1 Aug 2019	$9.57M	$3.48M – $26.3M	$10.7M (+11%)	before first round	–	unknown	D	0%
1 Sep 2019	$9.66M	$3.52M – $26.5M	$10.8M (+11%)	before first round	–	unknown	D	0%
1 Oct 2019	$9.74M	$3.55M – $26.8M	$10.9M (+11%)	before first round	–	unknown	D	0%
1 Nov 2019	$9.83M	$3.58M – $27.0M	$11.0M (+11%)	before first round	–	unknown	D	0%
1 Dec 2019	$9.92M	$3.61M – $27.2M	$11.0M (+11%)	before first round	–	unknown	D	0%
1 Jan 2020	$10.0M	$3.64M – $27.5M	$11.2M (+11%)	before first round	–	unknown	D	0%
1 Feb 2020	$10.1M	$3.68M – $27.8M	$11.3M (+11%)	before first round	–	unknown	D	0%
1 Mar 2020	$10.2M	$3.71M – $28.0M	$11.3M (+11%)	before first round	–	unknown	D	0%
1 Apr 2020	$10.3M	$3.74M – $28.2M	$11.5M (+11%)	before first round	–	unknown	D	0%
1 May 2020	$10.4M	$3.78M – $28.5M	$11.6M (+11%)	before first round	–	unknown	D	0%
1 Jun 2020	$10.5M	$3.81M – $28.8M	$11.7M (+11%)	before first round	–	unknown	D	0%
1 Jul 2020	$10.6M	$3.85M – $29.0M	$11.8M (+11%)	before first round	–	unknown	D	0%
1 Aug 2020	$10.7M	$3.88M – $29.3M	$11.9M (+11%)	before first round	–	unknown	D	0%
1 Sep 2020	$10.8M	$3.92M – $29.6M	$12.0M (+11%)	before first round	–	unknown	D	0%
1 Oct 2020	$10.9M	$3.95M – $29.8M	$12.1M (+11%)	before first round	–	unknown	D	0%
1 Nov 2020	$11.0M	$3.99M – $30.1M	$12.2M (+11%)	before first round	–	unknown	D	0%
1 Dec 2020	$11.1M	$4.02M – $30.4M	$12.3M (+11%)	before first round	–	unknown	D	0%
1 Jan 2021	$12.4M	$4.52M – $34.1M	$13.8M (+11%)	before first round	31	unknown	D	0%
1 Feb 2021	$12.5M	$4.56M – $34.4M	$13.9M (+11%)	before first round	31	unknown	D	0%
1 Mar 2021	$12.6M	$4.59M – $34.7M	$14.0M (+11%)	before first round	31	unknown	D	0%
1 Apr 2021	$12.7M	$4.64M – $35.0M	$14.1M (+11%)	before first round	31	unknown	D	0%
1 May 2021	$12.8M	$4.68M – $35.3M	$14.2M (+11%)	before first round	31	unknown	D	0%
1 Jun 2021	$13.0M	$4.72M – $35.6M	$14.3M (+10%)	before first round	31	unknown	D	0%
1 Jul 2021	$13.1M	$4.76M – $35.9M	$14.4M (+10%)	before first round	31	unknown	D	0%
21 Jul 2021	$18.0B	$15.6B – $31.1B	$27.0B (+50%)	after a round	31	unknown	B	0%
1 Aug 2021	$18.2B	$15.6B – $31.1B	$27.0B (+48%)	after a round	31	unknown	B	0%
1 Sep 2021	$18.9B	$15.6B – $31.1B	$27.0B (+43%)	after a round	31	unknown	B	0%
1 Oct 2021	$19.5B	$15.6B – $31.1B	$27.0B (+38%)	after a round	31	unknown	B	0%
1 Nov 2021	$20.2B	$15.6B – $31.1B	$27.0B (+34%)	after a round	31	unknown	B	0%
1 Dec 2021	$20.9B	$15.6B – $31.1B	$27.0B (+29%)	after a round	31	unknown	B	0%
1 Jan 2022	$21.6B	$15.6B – $31.1B	$27.0B (+25%)	after a round	31	unknown	B	0%
1 Feb 2022	$32.0B	$27.8B – $47.9B	$41.6B (+30%)	after a round	31	unknown	A	0%
1 Mar 2022	$32.7B	$27.8B – $47.9B	$41.6B (+27%)	after a round	31	unknown	A	0%
1 Apr 2022	$33.4B	$27.8B – $47.9B	$41.6B (+25%)	after a round	240	growing	A	0%
1 May 2022	$34.1B	$27.8B – $47.9B	$41.6B (+22%)	after a round	240	growing	A	0%
1 Jun 2022	$34.9B	$27.8B – $47.9B	$41.6B (+19%)	after a round	240	growing	A	0%
1 Jul 2022	$35.7B	$27.8B – $47.9B	$41.6B (+17%)	after a round	240	growing	A	0%
1 Aug 2022	$36.5B	$27.8B – $47.9B	$41.6B (+14%)	after a round	240	unknown	A	0%
1 Sep 2022	$37.3B	$27.8B – $47.9B	$41.6B (+12%)	after a round	240	unknown	A	0%
1 Oct 2022	$38.1B	$27.8B – $47.9B	$41.6B (+9%)	after a round	240	unknown	A	0%
1 Nov 2022	$39.0B	$27.8B – $47.9B	$41.6B (+7%)	after a round	240	unknown	A	0%
1 Dec 2022	$39.8B	$27.8B – $47.9B	$41.6B (+4%)	after a round	240	unknown	A	0%
1 Jan 2023	$40.7B	$27.8B – $47.9B	$41.6B (+2%)	after a round	240	unknown	A	0%
1 Feb 2023	$41.6B	$27.8B – $47.9B	$41.6B (0%)	after a round	240	unknown	A	0%
1 Mar 2023	$41.6B	$26.6B – $47.9B	$41.6B (0%)	after a round	240	unknown	A	0%
1 Apr 2023	$41.6B	$25.4B – $47.9B	$41.6B (0%)	after a round	240	unknown	B	0%
1 May 2023	$41.6B	$24.3B – $47.9B	$41.6B (0%)	after a round	240	unknown	B	0%
1 Jun 2023	$41.6B	$23.2B – $47.9B	$41.6B (0%)	after a round	240	unknown	B	0%
1 Jul 2023	$41.6B	$22.2B – $47.9B	$41.6B (0%)	after a round	240	unknown	B	0%
1 Aug 2023	$41.6B	$21.2B – $47.9B	$41.6B (0%)	after a round	240	unknown	B	0%
1 Sep 2023	$41.6B	$20.2B – $47.9B	$41.6B (0%)	after a round	240	unknown	B	0%
1 Oct 2023	$41.6B	$19.3B – $47.9B	$41.6B (0%)	after a round	240	unknown	B	0%
1 Nov 2023	$41.6B	$18.5B – $47.9B	$41.6B (0%)	after a round	240	unknown	B	0%
1 Dec 2023	$41.6B	$17.7B – $47.9B	$41.6B (0%)	after a round	240	unknown	B	0%
1 Jan 2024	$41.6B	$16.9B – $47.9B	$41.6B (0%)	after a round	240	unknown	B	0%
1 Feb 2024	$41.6B	$15.3B – $47.9B	$41.6B (0%)	after a round	240	unknown	B	0%
1 Mar 2024	$41.6B	$14.5B – $47.9B	$41.6B (0%)	after a round	240	unknown	B	0%
1 Apr 2024	$41.6B	$13.8B – $47.9B	$41.6B (0%)	after a round	240	unknown	C	0%
1 May 2024	$41.6B	$13.2B – $47.9B	$41.6B (0%)	after a round	240	unknown	C	0%
1 Jun 2024	$41.6B	$12.5B – $47.9B	$41.6B (0%)	after a round	240	unknown	C	0%
1 Jul 2024	$41.6B	$11.9B – $47.9B	$41.6B (0%)	after a round	240	unknown	C	0%
1 Aug 2024	$41.6B	$11.3B – $47.9B	$41.6B (0%)	after a round	240	unknown	C	0%
1 Sep 2024	$50.9B	$13.2B – $58.5B	$50.9B (0%)	after a round	600	unknown	C	0%
1 Oct 2024	$50.9B	$12.5B – $58.5B	$50.9B (0%)	after a round	600	unknown	C	0%
1 Nov 2024	$50.9B	$11.9B – $58.5B	$50.9B (0%)	after a round	600	unknown	C	0%
1 Dec 2024	$51.1B	$11.4B – $58.8B	$47.2B (-8%)	after a round	610	flat	C	0%
1 Jan 2025	$51.1B	$10.8B – $58.8B	$46.8B (-8%)	after a round	610	flat	C	0%
1 Feb 2025	$51.1B	$10.3B – $58.8B	$46.5B (-9%)	after a round	610	flat	C	0%
1 Mar 2025	$50.7B	$9.8B – $58.3B	$46.1B (-9%)	after a round	610	flat	C	0%
1 Apr 2025	$50.3B	$9.3B – $57.8B	$45.8B (-9%)	after a round	610	flat	C	0%
1 May 2025	$50.0B	$8.9B – $57.5B	$45.6B (-9%)	after a round	614	flat	C	0%
1 Jun 2025	$49.6B	$8.4B – $57.1B	$45.2B (-9%)	after a round	614	flat	C	0%
1 Jul 2025	$49.2B	$8.0B – $56.6B	$44.9B (-9%)	after a round	614	flat	C	0%
1 Aug 2025	$48.9B	$7.6B – $56.2B	$44.6B (-9%)	after a round	616	flat	C	0%
1 Sep 2025	$48.6B	$7.3B – $55.9B	$44.3B (-9%)	after a round	618	flat	D	0%
1 Oct 2025	$48.2B	$6.9B – $55.4B	$44.0B (-9%)	after a round	618	flat	D	0%
1 Nov 2025	$2.6B	$1.6B – $6.6B	$1.5B (-42%)	after a round	1	shrinking	C	97%
1 Dec 2025	$2.5B	$1.5B – $6.4B	$1.4B (-42%)	after a round	1	shrinking	C	97%
1 Jan 2026	$2.4B	$1.4B – $6.3B	$1.4B (-40%)	after a round	1	shrinking	C	97%
1 Feb 2026	$4.2B	$2.6B – $10.1B	$2.7B (-35%)	after a round	19	shrinking	C	97%
1 Mar 2026	$4.4B	$2.7B – $10.8B	$3.0B (-32%)	after a round	28	shrinking	C	97%
1 Apr 2026	$4.2B	$2.6B – $10.5B	$3.0B (-29%)	after a round	28	shrinking	C	97%
1 May 2026	$4.0B	$2.5B – $10.3B	$3.0B (-26%)	after a round	28	shrinking	C	97%
1 Jun 2026	$4.2B	$2.6B – $11.1B	$3.3B (-23%)	after a round	44	shrinking	C	97%
1 Jul 2026	$4.1B	$2.5B – $10.8B	$3.3B (-20%)	after a round	44	shrinking	C	97%
1 Aug 2026	$4.0B	$2.4B – $10.9B	$3.4B (-16%)	after a round	52	shrinking	C	97%
1 Sep 2026	$3.9B	$2.3B – $10.8B	$3.4B (-12%)	after a round	55	shrinking	C	97%
1 Oct 2026	$3.9B	$2.3B – $10.9B	$3.5B (-9%)	after a round	63	shrinking	C	97%
24 Oct 2026	$238M	$0 – $238M	$238M (0%)	after a round	63	shrinking	dead	100%

Key facts about FTX

Founded: 2018
Headquarters: New Providence, Bahamas
Employees: about 63 -90% in a year
Total raised: $1.31B
Funding rounds: 3
Last round: Series C Jan 2022

FTX was founded in 2018 by Caroline Ellison, Gary Wang and Sam Bankman-Fried.

FTX funding history

FTX has 3 funding rounds on record, from Aug 2019 to Jan 2022, $1.31B in total. The latest disclosed valuation is $32.00B post-money (Series C, Jan 2022).

Series C 31 Jan 2022
With Temasek, Paradigm, Ontario Teachers’ Pension Plan, New Enterprise Associates, Institutional Venture Partners, SoftBank Vision Fund, Lightspeed Venture Partners, Steadview Capital, Tiger Global, Insight Partners.
Sources: prnewswire.com, cnbc.com, thetradenews.com and 3 more
$400M
$32.00B post-money
Series B 20 Jul 2021
Led by Paradigm, Ribbit, BTIG; with Sequoia Capital, Thoma Bravo, SoftBank, Insight Partners, Third Point, Lightspeed Venture Partners, Altimeter, BOND, New Enterprise Associates, Coinbase Ventures, Willoughby Capital, 40North, Senator Investment Group, Sino Global Capital, Multicoin Capital, Paul Tudor Jones family, Millennium Management, Alan Howard, VanEck, Hudson River Trading, Circle Venture Capital, Tom Brady, Gisele Bundchen.
Sources: prnewswire.com, prnewswire.com, fintechfutures.com
$900M
$18.00B post-money
Other 6 Aug 2019no round page
Led by Proof Capital, Consensus Lab, FBG Capital, Galois Capital; with Greylock Capital, 500 Global.
Sources: prnewswire.com, bitcoinmagazine.com, venturebeat.com
$8.0M

FTX investors

38 investors have backed FTX; Paradigm, BTIG and Consensus Lab and 4 more led at least one round.

Paradigm lead, 2 rounds
BTIG lead
Consensus Lab lead
Galois Capital lead
Proof Capital lead
Ribbit lead
Insight Partners 2 rounds
Lightspeed Venture Partners 2 rounds
New Enterprise Associates 2 rounds
40North
500 Global
Alan Howard
Altimeter
BOND
Coinbase Ventures
Gisele Bundchen
Greylock Capital
Institutional Venture Partners
Ontario Teachers’ Pension Plan
Paul Tudor Jones family
Senator Investment Group
Sequoia Capital
Sino Global Capital
SoftBank
SoftBank Vision Fund
Temasek
Tiger Global
Tom Brady
Willoughby Capital

What FTX does

FTX works in cryptocurrency, with 7 recorded offerings and customers in cryptocurrency and financial services.

FTX Trading Ltd. is a Bahamian company engaged in cryptocurrency exchange services, including account management, historical account information, and electronic proof of claim submission for FTX Chapter 11 proceedings. The company serves a global clientele in the cryptocurrency and financial services sectors, with operations in the United States and the Bahamas. FTX also operates a separate exchange for US residents and utilizes technologies such as biometric data processing and automated fraud prevention systems to support its platform.

Description from Veridion's company data.

Products and services

Cryptocurrency Trading and Exchange Services
Cryptocurrency Account Management Services
Historical Account Information Services
Electronic Claim Submission Services
Regulatory Compliance Services
Biometric Data Processing Services
Automated Fraud Prevention Services

Markets

Cryptocurrency
Financial Services

Technology

Biometric Data Processing
Automated Fraud Prevention Systems

Business model

Business-to-Consumer

Industry codes (NAICS)

523210 Securities and Commodity Exchanges 100% match

Questions about FTX

What is FTX worth?

Valuation $238M (range $0 to $238M), as of 24 Oct 2026. The last disclosed valuation was $32.00B (Series C, Jan 2022).

Has FTX raised money?

FTX has 3 funding rounds on record, from Aug 2019 to Jan 2022, $1.31B in total. The latest disclosed valuation is $32.00B post-money (Series C, Jan 2022).

Who has invested in FTX?

Paradigm, BTIG, Consensus Lab, FBG Capital, Galois Capital and Proof Capital, and 32 more. Lead investors include Paradigm, BTIG, Consensus Lab and FBG Capital.

How many people work at FTX?

About 63, down 90% over the last year. Headcount rose from 31 in Jan 2021 to 618 in Aug 2025, then fell to 63 in Sep 2026.

What does FTX do?

FTX works in cryptocurrency, with 7 recorded offerings and customers in cryptocurrency and financial services. Its main offerings are cryptocurrency trading and exchange services, cryptocurrency account management services and historical account information services.

When was FTX founded, and where is it based?

FTX was founded in 2018 and is based in New Providence, Bahamas. It has about 63 employees, down 90% over the last year.

How we value companies Report an issue