Terraform Labs Pte. Ltd. Asset Profile

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Year established

2018

Location

Singapore Singapore

Primary Industry

Financial Services

About

Based in Seoul, South Korea, and founded in 2018, Terraform Labs offers a payment system based on blockchain technology. The company was co-founded by Daniel Shin and Do Kwon. Terra has raised a total of $58M in funding over 15 rounds funded by 26 investors including Pantera Capital, Coinbase Ventures, Hashkey, LuneX Ventures and Kakao Ventures. In July 2021, Terraform Labs raised USD 150 million in venture funding from Arrington XRP Capital, Pantera Capital, Galaxy Digital, and BlockTower Capital. The company has 56 employees. Terraform's platform has 2.2 million users with an average of almost 90,000 transactions daily. Terraform Labs operates as a developer of a price-stable cryptocurrency that will enhance the next-generation payment network. The company also operates as an open platform that will help to improve the real GDP of the blockchain industry. Terraform’s technology of a digital ledger and wallet uses the stablecoin Luna and has significantly reduced payment settlement from days to just around 6 seconds. The company generates revenue through subscription fees by charging a pricing model of USD 10 per month, 1% to 25% for package discount, and a free trial with a coupon for 14 days. The company plans to invest in groups that build financial apps on its blockchain and launch its main net upgrade, Columbus-5, as well as Pylon and Nebula Protocol.

Current Investors

TransLink Capital, Dunamu Inc., Polychain Capital

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Primary Industry

Financial Services

Sub Industries

e-Financial, Web Applications

Website

www.terra.money

Verticals

Blockchain, Blockchain

Total Amount Raised

Subscriber access only

Deals

Deals Type
Bankruptcy/Write-off

Deal Status	Target (s)	Deal Date	Investor(s)	Seller(s)	Deal size (Mn)	Enterprise value (Mn)	Post-money valuation (Mn)	EBITDA multiple (x)	Revenue multiple (x)	Lead partner (s)
Completed	Terraform Labs Pte. Ltd.	22 Jan 2024

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