8 Best Funded Crypto and Blockchain Startups in Greece
The crypto and blockchain industry is growing at an exponential rate, and it has only just begun to realize its enormity potentialwith many projects, platforms and solutions being developed in various verticals.
With the increased use of cryptocurrencies, there are also new opportunities in this area, and many Southeast Europe-based startups are working on exciting crypto and blockchain solutions.
In this article, we take a look at the best funded crypto and blockchain startups in Greece, based on a list compiled by Greek Investor Alex Alexakis.
The list includes some of the most promising startups in this space, working on different aspects of blockchain technology, web3 and crypto.
Name: Mysten Labs
Total funding: 336 million dollars
Founders: George Danezis, Kostas Chalkias, Evan Cheng, Sam Blackshear, Adeniyi Abiodun
Vertical: web3
What it does: Mysten Labs creates basic infrastructure to accelerate web3 adoption while developing tools that make web3 secure and reliable.
Latest funding: The company raised 300 million dollars in a series B led by FTX Ventures and reached a value of more than 2 billion dollars, making it one of the blockchain startups to watch in Greece. The company has big plans to expand and have a team in Greece as well, continuing to build the core infrastructure to power web3’s next wave of applications.
Name: All rich
Total funding: 66.3 million dollars
Founders: Kostas Ketikidis, Janine Yorio, Jesse Stone, Julia Schwartz, TJ Kawamura
Vertical: NFT
What it does: Everyrealm is an investment and innovation company across the global metaverse and NFT ecosystem. The company invests, manages and develops assets including NFTs, virtual real estate, metaverse platforms, games and infrastructure.
Latest funding: In February 2020, the company raised a Series A of $60 million, with more than 30 investors participating in the funding round.
Name: Axelar Network
Total funding: 63.8 million dollars
Founders: Georgios Vlachos, Sergey Gorbunov
Vertical: Blockchain
What it does: Axelar delivers secure cross-chain communication for web3, creating an infrastructure that enables dApp users to interact with any asset or application on any blockchain.
Latest funding: Axles closed a $35 million Series B funding round in February 2022, reaching a $1 billion valuation. The latest round included investments from, among others, crypto asset investment company Dragonfly Capital, US investment company Polychain Capital and blockchain VC fund Rockaway Blockchain. Axelar has a team in Greece too.
Name: Wyre
Total funding: 29.1 million dollars
Founders: Ioannis Giannaros, Michael Dunworth
Vertical: Crypto
Solution: Wyre is a blockchain technology based payment platform for transferring money through global payments, account registration and crypto wallet and savings solutions.
Latest funding: Wyre has raised a total of $29.1 million in funding over nine rounds, with their latest round closing in December 2021.
Name: Metrics
Total funding: 17.7 million dollars
Founders: Nikos Andrikogiannopoulos
Vertical: Blockchain
Solution: Metrika is an operational intelligence platform for blockchain networks, providing communities with end-to-end visibility and actionable insight into the health of these networks.
Latest funding: In September 2021 the company close a $12M Series A funding round led by Neotribe Ventures and other institutional investors including Coinbase Ventures, Samsung NEXT, Nyca Partners and SCB 10X.
Name: Radicle
Total funding: 12 million dollars
Founders: Eleftherios DiakomichalisAlexis Sellier
Vertical: Software development
Solution: Radicle enables developers to securely collaborate on software over a peer-to-peer network built on GitHub.
Latest funding: In February 2021 the company raised $12 million in funding, in a round led by NFX and Galaxy, with participation from Placeholder, Electric Capital and ParaFi Capital.
Name: Bitquery
Total funding: $8.5 million
Founders: Dean Karakitsos, Alexey Studnev
Vertical: Blockchain
Solution: Bitquery drives and solves blockchain data problems using the ground truth, on-chain data, by extracting and presenting valuable data via APIs. These APIs deliver solutions to multiple verticals like Decentralize Finance (DeFi), DEX Arbitrage Analytics, Crypto Surveillance & Forensics across all major blockchains like Bitcoin, Ethereum, EOS, Tezos.
Last financing: Bitquery raised an $8.5 million seed funding round in September this year, led by Binance Labs and dao5, with Susquehanna, DHVC, INCE Capital and angel investors from Google also participating.
Name: Nayms
Total funding: $8.4 million
Founders: Theodore Georges, Dan Roberts
Vertical: Smart contracts
Solution: Nayms is a smart contract platform for placement, trading, reporting and settlement of insurance risks.
Latest funding: Last June, Nayms secured $6 million from a group of investors who subscribed to a future listing of the project’s initial token, NAYM.
