Celsius is a crypto finance company that provides online exchange, swap, and liquidity solutions, allowing users to earn interest, borrow loans, and transfer cryptocurrencies securely. Founded in 2017 by Alex Mashinsky and Shlomi Daniel Leon, the company was headquartered in Hoboken, United States.
What Is Celsius and What Does It Do?
Celsius was built to simplify digital asset finance by enabling crypto-backed loans, high-yield interest accounts, and P2P transfers. Founded by Alex Mashinsky and Shlomi Daniel Leon in 2017, the company’s operations were based in Hoboken, United States, with 501-1,000 employees.
It aimed to make financial independence accessible by bridging decentralized finance (DeFi) and traditional lending systems, providing secure liquidity management for both retail and institutional crypto investors.
How Much Funding Has Celsius Raised?
- Series B
- Amount Raised: $150M
- Date: August 2022
- Lead Investors: Caisse de dépôt et placement du Québec
- Motivation: To enhance liquidity solutions and strengthen compliance frameworks post-regulatory scrutiny.
- Series B
- Amount Raised: $1M
- Date: April 2022
- Lead Investors: tokentus
- Motivation: To fund technology innovation and expand institutional partnerships.
- Series B
- Amount Raised: $750M
- Date: October 2021
- Lead Investors: WestCap, Caisse de dépôt et placement du Québec
- Motivation: To scale global operations and accelerate product development in decentralized finance.
Total Funding Raised: $956 Million
Current Valuation: $3.25 Billion (as of June 2022)
Latest Funding Date: August 2022
Key Investors
- WestCap
- Details: WestCap is a growth equity firm that partners with visionary companies reshaping global finance and commerce.
- Investment Focus Areas: Fintech, SaaS, digital assets, and infrastructure.
- Notable Investments: Airbnb, Klarna, Celsius.
- Caisse de dépôt et placement du Québec (CDPQ)
- Details: CDPQ is a major Canadian institutional investor managing public pension funds, investing in long-term, sustainable growth ventures.
- Investment Focus Areas: Infrastructure, technology, and sustainable investments.
- Notable Investments: Lightspeed Commerce, Celsius, and Rivian.
- Tether
- Details: Tether is a leading blockchain-based stablecoin provider offering liquidity and asset-backed token solutions.
- Investment Focus Areas: Blockchain ecosystems, DeFi, and stablecoin-driven finance.
- Notable Investments: Celsius, Bitfinex, and Chainlink.
Where Is Celsius’s Headquarters?
Celsius was headquartered in Hoboken, New Jersey, a key fintech and blockchain hub in the United States. The location provided close access to New York’s financial ecosystem, allowing the company to build institutional relationships while maintaining proximity to regulators, investors, and crypto innovators.
What’s Next for Celsius?
Following its acquisition, Celsius’s technology and expertise are expected to be integrated into broader crypto infrastructure ecosystems. The company’s next chapter focuses on stabilizing user trust, resolving prior operational challenges, and expanding DeFi lending innovations under new management. As the digital finance landscape evolves, Celsius’s legacy in crypto-backed lending continues to influence how decentralized platforms merge with traditional finance.
Get Investor & Funding Insights with TexAu
TexAu helps sales and business teams uncover detailed fundraising information on companies like Celsius. Use the platform to research investors, track funding rounds, and gather actionable insights to strengthen prospecting and business strategy.
Sign Up for Free on TexAu and start uncovering detailed funding insights that give your business a competitive edge.
