Celsius Network
ClosedEarn, Borrow, Pay
Hoboken, United States · Founded 2017 · $477.1M raised
- Headquarters
- Hoboken, New Jersey
- Employees
- 201–500
- Founded
- 2017
- Business Model
- B2C
- Website
- celsius.network
- Total Funding
- $477.1M
- Last Round
- $34.0M Venture RoundMar 2022
- Rounds
- 4
About
Celsius Network was a cryptocurrency lending and borrowing platform that allowed users to earn yield on crypto deposits and take out crypto-backed loans. Founded in 2017 and headquartered in Hoboken, New Jersey, the company grew to over 1.7 million customers before freezing withdrawals in June 2022 amid extreme market conditions. Celsius filed for Chapter 11 bankruptcy on July 13, 2022, reporting a $1.2 billion balance-sheet shortfall. The company emerged from bankruptcy on January 31, 2024, and shut down its apps on February 29, 2024, completing the winding down of operations.
Summary
Celsius Network is a Crypto & Web3 company based in Hoboken, United States, founded in 2017. It has raised $477.1M in total across 4 rounds, most recently a $34.0M Venture Round round in Mar 2022. Investors include WestCap, Caisse de dépôt et placement du Québec and Tether.
Tech & App Stack
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Funding History
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Mar 2022
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Investors
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