Worldcoin (also known as Tools for Humanity) joined the Unicorn Club on October 26, 2021. Headquartered in San Francisco, California, United States, it develops a global digital-currency and identity platform that combines an “Orb” iris scanner with a crypto wallet, enabling users to verify personhood and participate in token distributions. The company has raised approximately $240 million in funding (with some sources stating around $295 million) and achieved a valuation of at least $1 billion in 2021; later reports suggest a valuation of around $3 billion by early 2022.
Keep reading to learn how Worldcoin is aiming to broaden access to the internet economy via its biometric wallet and token infrastructure.
What Is Worldcoin and What Does It Do?
Founded in 2019, Worldcoin offers a combination of hardware and software: the “Orb” device scans a user’s iris to generate a unique “World ID,” while the accompanying app and wallet distribute token rewards and enable crypto asset participation. The platform’s mission is to provide identity verification and financial access to a broad user base—especially in regions underserved by traditional banking.
Worldcoin’s ecosystem enables users to receive, trade, or hold tokens, and engage in digital-asset activities tied to their verified identity. (TechCrunch)
How Much Funding Has Worldcoin Raised?
- Series A / Initial Funding
- Amount Raised: $100M
- Date: ~March 2022 (after initial smaller rounds)
- Lead Investors: Included firms such as a16z and Khosla Ventures
- Valuation: ~$3B
- Purpose: Scale the Orb hardware deployment, expand global rollout, and enhance ecosystem.
- Earlier Rounds (Seed / Pre‑Series A)
- Cumulative Funding: ~$140M (various early‑stage investments)
- Key Investors: Included a16z, Founders Fund, Blockchain Capital, etc.
- Purpose: Develop hardware, build a user base, create a token and wallet infrastructure.
Total Funding Raised: ~$240 M
Latest Funding Date: ~March 2022
Latest Led Valuation: ~$3B
Employee Count: 51–200 (as of July 1, 2024)
Key Investors
- Andreessen Horowitz (a16z)
- Details: Venture capital firm with a strong presence in blockchain and crypto startups.
- Focus Areas: Token infrastructure, crypto protocols, Web3 identity.
- Khosla Ventures
- Details: Venture firm backing early‑stage disruptive technologies, including cryptocurrency and biotech.
- Focus Areas: Cryptocurrencies, digital assets, global identity systems.
- Founders Fund
- Details: Prominent venture‑capital firm investing across frontier tech, including crypto and biotech.
- Focus Areas: Decentralised infrastructure, digital assets, hardware‑software platforms.
Where Is Worldcoin’s Headquarters?
Worldcoin is headquartered in San Francisco, California, United States. Its operations include hardware development (the Orb), global deployment logistics, app & wallet engineering, and token issuance management.
What’s Next for Worldcoin?
Worldcoin aims to expand its Orb-based identity verification network globally, launch wallet and token services in additional jurisdictions, and scale user acquisition significantly to fulfil its vision of a universal digital identity and currency layer. The company will focus on regulatory compliance (especially biometric data and privacy), hardware scale‑up, and integrating with other Web3 ecosystems.
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