Pi Network - Company Profile - Tracxn (2024)

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Pi Network - Company Profile - Tracxn (1)

App-based wallet solution for digital assets

2018Palo Alto (United States)Seed

Last updated:

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Pi Network Key Metrics

Latest Funding Round

Undisclosed

Seed, Nov 29, 2023

Investors

137 Ventures

& 2 more

Ranked

5th

among 524 active competitors

Similar Companies

Core Scientific

& 1576 more

Pi Network - About the company

What does Pi Network do?

App-based wallet solution for digital assets. It offers app-based wallet solutions to send, receive & store digital currencies. The application can be accessed on iOS and Android mobile devices.

Which sectors and market segments does Pi Network operate in?

  • Pi Network serves in the B2C space in the High Tech, Blockchain Technology, FinTech market segments.
  • The primary business model of Pi Network are:High Tech > Blockchain Infrastructure > ***** **** > ***** ******Blockchain Technology > Blockchain Infrastructure > ***** **** > ***** ******FinTech > Cryptocurrencies > ***** **** > ***** ******Blockchain Technology > Cryptocurrencies > ***** **** > ***** ******

Company Details

  • Website: minepi.com
  • Social: Pi Network - Company Profile - Tracxn (2)Pi Network - Company Profile - Tracxn (3)
  • Email ID: *****@minepi.com

Pi Network's funding and investors

How much funding has Pi Network raised till date?

Pi Network has raised funding over 1 round.

What are the most recent funding rounds of Pi Network?

Its latest funding round was a Seed round on Nov 29, 2023 for an undisclosed amount. 3 investors participated in its latest round, lead by 137 Ventures, Designer Fund, Ulu Ventures.

List of recent funding rounds of Pi Network

Date of funding

Funding Amount

Round Name

Post money valuation

Revenue multiple

Investors

Nov 29, 2023

Undisclosed

Seed

7955244

3157798

137 Ventures, Designer Fund, and

1 more

Pi Network - Company Profile - Tracxn (4)Access funding benchmarks and valuations.

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Who are Pi Network's investors?

Pi Network has 3 institutional investors including 137 Ventures, Ulu Ventures and Designer Fund.

View details of

Pi Network funding rounds and investors

Pi Network's founders and board of directors

Founder? Claim Profile

Who are the founders of Pi Network?

The founders of

Pi Network

are

Chengdiao Fan and Nicolas Kokkalis.

View details of

Pi Network's Founder profiles and Board Members

Pi Network's Competitors and alternates

Who are the competitors of Pi Network?

Top competitor

s

of

Pi Network

include

Core Scientific, Vogogo and Bitfarms.

Pi Network

ranks

5

th

among

524 active competitors.

28 of its competitors are funded while 18 have exited.

Overall,

Pi Network

and its competitors have raised over

$833M

in funding across

54

funding rounds involving

76

investors.

There are 11 public and 7 acquired companies in the entire competition set.

Below is a comparison of top competitors of Pi Network

Pi Network - Company Profile - Tracxn (5)

Pi Network

Core Scientific

Vogogo

Bitfarms

Description

App-based wallet solution for digital assets

AI and blockchain-based infrastructure and software solutions

Bitcoin mining company

Cloud mining solutions for cryptocurrency

Founded Year

2018

2017

2008

2017

Location

Palo Alto

(United States)

Bellevue

(United States)

Calgary

(Canada)

Toronto

(Canada)

Company Stage

Seed

Public

Public

Public

Unicorn Rating

-

-

-

-

Total Funding

-

$49M

$8.5M

-

Funding Rounds

1

7

2

7

Latest Round

Seed, Undisclosed, Nov 29, 2023

Post IPO, $400M, Aug 14, 2024

Post IPO, $114K, Oct 07, 2016

Post IPO, $43.8M, Nov 24, 2023

Investor Count

3

6

7

3

Top Investors

Designer Fund, Ulu Ventures&

1others

Apollo Global Management, BlackRock&

4others

Canaccord Genuity Group, Cormark Securities&

5others

Vermögensclub, Dominion Capital&

1others

Tracxn ScoreWhat is this?

61/100

70/100

58/100

57/100

Overall Rank

5th

1st

2nd

3rd

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Looking for more details on

Pi Network

's competitors? Click

here to see the top ones

Pi Network's Investments and acquisitions

Pi Network

has made no investments or acquisitions yet.

Reports related to Pi Network

Here is the latest report on Pi Network's sector:

FreeCryptocurrencies - Sector ReportEdition: Aug 07, 2024 (84 Pages)

View

all reports related to Pi Network

News related to Pi Network

Filter this list

Media has covered

Pi Network

for a total of 7 events in the last 1 year

,

6

of them have been

about

company updates and 1

about

partnerships.

Pi Commerce Hackathon to Build Local Business AppsThe Crypto TimesJan 25, 2024Pi Network

Pi Network Leads KYC Advancement with Integrative SolutionsThe Crypto TimesJan 23, 2024Pi Network

Pi Network unveils Staked Direct Messages in its chat platformBitcoin InsiderOct 17, 2023Pi Network

FCF Pay To Integrate Pi Coin On Its Crypto Payment PlatformThe Crypto TimesOct 05, 2023FCF Pay,

Pi Network

Pi Network - Company Profile - Tracxn (12)Get curated news about company updates, funding rounds, M&A deals and others.

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Frequently asked questions about Pi Network

When was Pi Network founded?

Pi Network was founded in 2018.

Where is Pi Network located?

Pi Network

is located in

Palo Alto,

United States.

Is Pi Network a funded company?

Pi Network is a funded company, its first funding round was on Nov 29, 2023.

When was the latest funding round of Pi Network?

Pi Network's latest funding round was on Nov 29, 2023.

Is Pi Network a Blockchain Infrastructure company?

The primary sectors of Pi Network are Blockchain Infrastructure and Cryptocurrencies.

View complete company profile of Pi Network

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Pi Network - Company Profile - Tracxn (2024)
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