Celsius Network was a global cryptocurrency lending and exchange platform that managed $12 billion in assets. The company allowed users to deposit various cryptocurrencies, such as Bitcoin and Ethereum, into a Celsius wallet to earn yield and take out loans using their crypto assets as collateral. The firm invested in multiple stages, including Pre-Seed, Series A, Series B, and Corporate Rounds.
Notable portfolio companies included 1inch, CoinRoutes, Core Scientific, Luxor Technology, and Polygon. Despite its bankruptcy and subsequent shutdown, Celsius Network had a significant impact on the cryptocurrency sector. The firm's investment philosophy centered around leveraging blockchain technology to provide financial services. Key partners or decision-makers were not specified in the available information.
Celsius Network - Portfolio Snapshot
Portfolio activity breakdown across disclosed investments and stages
Portfolio Companies6
Follow-on Investments1
Current Portfolio Count6
Top Investment Stages
Series B2 (33.3%)
Series D2 (33.3%)
Pre-Seed1 (16.7%)
Series A1 (16.7%)
Stage Mix
Series B 33%Series D 33%Pre-Seed 17%Series A 17%
Concentration shown as share of disclosed investments by stage.
Celsius Network - Classification
- Also Known As
- Celsius Network Limited
- NAICS
- 520000Finance and Insurance
- 522000Credit Intermediation and Related Activities
- 522300Activities Related to Credit Intermediation
- 522320Financial Transactions Processing, Reserve, and Clearinghouse Activities
- SIC
- 6000Depository Institutions
- 6090Functions Related To Depository Banking
- 6099Functions Related To Depository Banking, Not Elsewhere Classified
Show 3 more industry codes
- SIC
- 6200Security And Commodity Brokers, Dealers, Exchanges, And Services
- 6280Services Allied With The Exchange Of Securities Or Commodities
- 6282Investment Advice
