Celo

About

Celo is an open platform that makes financial tools accessible to anyone with a mobile phone.

San Francisco,California,United States
https://celo.org/

Highlights

Details

Last Funding Type: Pre-seed
Industries: Blockchain,Finance,Financial Services,FinTech,Payments
Founded date: Jan 1, 2018
Operating Status: Active
Also Known As: cLabs

Celo is an open platform that makes financial tools accessible to anyone with a mobile phone. Its mission is to build a monetary system that creates the conditions of prosperity for all.

The Celo ecosystem includes a decentralized, proof-of-stake blockchain technology stack (Celo Platform), a native asset (CELO), a stablecoin (cUSD) and the Celo Alliance for Prosperity, with over 100 organizations around the world, including Andreesen Horowitz, Anchorage, Coinbase, GSMA, Mercy Corps, Grameen Foundation, Prosegur, Abra, and cLabs, a service organization dedicated to growing and developing the Celo ecosystem.

Funding Rounds

Number of Funding Rounds

Total Funding Amount

7

$66.50M

Celo has raised a total of $66.50M in funding over 2 rounds. Their latest funding was raised on Nov 20, 2022 from a Pre-seed round.

Announced Date	Round	Money Raised	Number of Investors	Lead Investors	Post Valuation
Nov 20, 2022	Pre-seed	—	1	DWF Labs	—	Detail
Apr 20, 2021	Series Unknown	—	1	DTCP	—	Detail
Feb 10, 2021	Series Unknown	$20M	3	—	—	Detail
May 12, 2020	Initial Coin Offering	$10M	—	—	—	Detail
Dec 5, 2019	Series B	—	1	—	—	Detail

Investments

Number of Investments

Number of Lead Investments

4

1

Celo has made 4 investments. Their most recent investment was on Oct 18, 2022, when Mintdropz raised 0.

Date Company Name	Round	Money Raised	Industry	Lead Investor
Oct 18, 2022 Mintdropz	Grant	—	Cryptocurrency	—
Jul 1, 2022 NEFTME - “Create to Earn '' NFTs social network	Pre-seed	$95K	Apps	—
May 24, 2022 Flowcarbon	Initial Coin Offering	—	Blockchain	—
May 11, 2021 techtec	Grant	—	Cryptocurrency	Yes

Investors

Number of Lead Investors

Number of Investors

4

32

Celo is funded by 32 investors. DWF Labs and DTCP are the most recent investors.

Investor Name	Lead Investor	Funding Round
DWF Labs	Yes	Pre-seed
DTCP	Yes	Series Unknown
Polychain	Yes	Series Unknown
a16z crypto	Yes	Series Unknown
Andreessen Horowitz	—	Series Unknown
Electric Capital	—	Series Unknown
Greenfield	—	Series Unknown
Valor Capital Group	—	Series B
9Yards Capital	—	Series Unknown
Coinbase Ventures	—	Series Unknown