Radix
Financials
Estimates*
USD | 2018 | 2020 | 2021 | 2022 | 2023 |
---|---|---|---|---|---|
Revenues | <1m | 2.7m | 3.3m | 5.8m | 13.5m |
% growth | - | - | 22 % | 75 % | 134 % |
EBITDA | - | - | - | 17.0m | - |
% EBITDA margin | - | - | - | 295 % | - |
Profit | (<1m) | - | - | 13.1m | - |
% profit margin | (113629 %) | - | - | 227 % | - |
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
N/A | Seed | ||
$4.1m | Early VC | ||
N/A | $12.7m | Early VC | |
* | $10.0m Valuation: $400m 69.3x EV/LTM Revenues 23.5x EV/LTM EBITDA | Early VC | |
Total Funding | €24.4m |
Recent News about Radix
EditRadix DLT is a technology startup that operates in the digital asset and blockchain space. It offers a unique platform that simplifies the interaction with tokens and decentralized applications (dApps) for both users and developers. Its primary product is the Radix Wallet, which provides a user-friendly experience for managing digital assets. The wallet eliminates the need for complex seed phrases and blind signing, making it easier for everyday people to use digital assets confidently.
In addition to the wallet, Radix DLT also offers Scrypto and the Radix Engine, tools designed to streamline the development of dApps. Scrypto is a programming language that simplifies asset and permission management, while the Radix Engine is a digital asset engine that provides a secure environment for dApp development. These tools are designed to prevent costly DeFi hacks and make the development process faster and more intuitive.
Radix DLT's business model is centered around providing these tools and services to developers and users in the Web3 and DeFi space. It makes money by charging for the use of its platform and tools, as well as through programmable developer royalties.
The startup operates in the rapidly growing market of decentralized finance (DeFi) and Web3 applications. Its clients include developers looking to build secure and user-friendly dApps, as well as users seeking a more straightforward way to manage their digital assets.
Keywords: Radix DLT, Radix Wallet, Scrypto, Radix Engine, digital assets, dApps, DeFi, Web3, blockchain, user-friendly.