Cointopia
Comprehensive solution for token sales and post-ico management, as well as a dynamic marketplace for service providers.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor | €0.0 | round |
$3.0m | Seed | ||
| Total Funding | 000k | ||
| USD | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 |
| EBITDA | 0000 | 0000 | 0000 | 0000 |
| Profit | 0000 | 0000 | 0000 | 0000 |
| EV | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 |
Source: Dealroom estimates
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Cointopia was a San Francisco-based company founded in 2017 by serial entrepreneur Charles Michael Yim. Yim, known for a successful appearance on the television show Shark Tank with a previous venture, Breathometer, aimed to address a critical need within the burgeoning cryptocurrency market. The company was established to create a comprehensive platform for the Initial Coin Offering (ICO) lifecycle and beyond.
The firm secured $3 million in an Angel funding round on September 5, 2018, with backing from prominent figures and firms in the tech and crypto space, including Michael Arrington of XRP Capital, Mark Pincus of Zynga, and Jeremy Gardner of Ausum Ventures. Cointopia's business model was multifaceted, designed to serve as a one-stop-shop for companies launching token sales and for investors seeking to participate in them. The platform initially launched as a fully compliant ICO platform and post-ICO management solution, connecting token issuers with accredited investors. By January 2018, the company reported having 25,000 accredited investors and over 100 service providers signed up.
A key component of its offering was the Cointopia Marketplace, which launched in September 2018. This marketplace connected blockchain companies with vetted, top-tier service providers for essential services like advisory, whitepaper authoring, PR/marketing, and technology development. A distinctive feature was its plan to store service provider ratings on the blockchain, ensuring immutable and transparent reviews. The platform allowed companies to upload Requests for Proposals (RFPs) and receive bids from this curated pool of vendors. For its clients, Cointopia provided tools to manage tokens, monitor performance, communicate with purchasers, and track distribution after an ICO was completed. The company operated within the financial technology and cryptocurrency sectors, but ceased operations around August 2019.
Keywords: Cointopia, Charles Michael Yim, ICO platform, token sale marketplace, blockchain service provider, cryptocurrency investment, ICO management, crypto marketplace, blockchain startups, accredited investors, token distribution, digital asset platform, FinTech, crypto service marketplace, ICO launchpad, security token, blockchain compliance, crypto crowdfunding, venture capital, out of business