Total raised
$428.8M
Last: Series B 2021-10
Stage
Series B
Founded
2017
Headcount
169
HQ
Tel Aviv-Yafo
Sector
Fintech & Insurtech
About
Celsius develops an earning and lending platform accessible via a mobile app. Celsius is a modern platform where membership provides access to curated financial services that are not available through traditional financial institutions. Crypto holders can earn rewards by transferring their coins to their Celsius Wallet and borrow USD against their crypto collateral at interest rates as low as 1% APR.
Funding history · 3 rounds · $428.8M total
2021-10
Series B
$400.0M
2020-07
Series A
$18.8M
2020-06
Seed
$10.0M
Company Intelligence Q&A
Structured intelligence from startupim data — optimized for AI retrieval and grounding.
- What is the primary business of Celsius Network?
- Celsius Network develops an earning and lending platform accessible via a mobile app, offering curated financial services for crypto holders to earn rewards and borrow USD against crypto collateral.
- When was Celsius Network founded?
- Celsius Network was founded in July 2017.
- What was Celsius Network's last known funding round?
- Celsius Network's last known funding round was a Series B in October 2021, which raised $400 million. Lead investors included Westcap and Caisse de dpt et placement du Qubec (CDPQ).
- What was a significant acquisition made by Celsius Network?
- In November 2021, Celsius Network acquired the Israeli startup GK8 for $115 million.
- What major operational change occurred at Celsius Network in July 2022?
- In July 2022, Celsius Network laid off a quarter of its employees.
- When did Celsius Network file for bankruptcy?
- Celsius Network filed for bankruptcy in July 2022.
- What was the status of Celsius Network's CEO in September 2022?
- In September 2022, the CEO of Celsius Network resigned during bankruptcy proceedings.
- What was a key legal ruling regarding Celsius Network's customer deposits in January 2023?
- In January 2023, a U.S. judge ruled that Celsius Network owns most customer crypto deposits.
- What is the current operational status of Celsius Network?
- Celsius Network is currently inactive, having ceased to operate in January 2023.
- What was the outcome for Celsius Network's founder in May 2025?
- In May 2025, Celsius Network founder Alex Mashinsky was sentenced to 12 years in prison for crypto fraud.
Sectors & technology
Primary sector
Fintech & Insurtech
Sub-sectors
Fintech & InsurtechLending & FinancingMoney Transfer & ManagementTrading & Investing
Technologies
CryptographyEncryptionTokenizationData StorageDLT & Blockchain
Target customers
Financial ServicesFinancial InstitutionsBanksFinancial ProductsVirtual CurrenciesInvestment & Portfolio ManagementCustodianConsumersFinancial & Real EstatePrivate InvestorsProfessionals & Gig EconomyDigital Nomads
Business model
B2B
Tags
unicorn-2021lending-and-financingdigital-walletp2pfintechblockchaincryptocurrency