Last updated 2026-07-26
- Acquired by Paxos for $100M, Nov 2025
- Raised $10M Series A led by Electric Capital, Feb 2024
- Raised $18M Seed round led by Lightspeed Venture Partners, Nov 2022
Total raised
$28.0M
Last: Undisclosed Round 2022-11
Stage
Acquired
Founded
2021
Headcount
30
HQ
Tel Aviv-Yafo, Israel
Sector
Business Software
About
Fordefi is an institutional MPC (multi-party computation) wallet and security platform designed for decentralized finance (DeFi). It provides MPC key management, self-serve DeFi policy controls, real-time smart contract insights, transaction simulation, and risk alerts. The platform enables institutions to securely connect to dApps across various blockchains and manage digital assets. Fordefi also offers a Wallet-as-a-Service (WaaS) for businesses to integrate secure, user-owned wallets into their applications.
Funding history · 2 rounds · $28.0M total
2024-02
A Round
$10.0M
★ Electric CapitalPaxosAlchemyCMCC GlobalRyan ZurrerJump CryptoNicolas PintoPantera CapitalPolychain CapitalSeed Club VenturesDelta Blockchain FundLightspeed Venture Partners
2022-11
Seed
$18.0M
★ Lightspeed Venture PartnersSVAElefundStarkWareMicrosoftJump CryptoNima CapitalCastle IslandShima CapitalOMERS VenturesValley CommonsPantera CapitalPayPal VenturesSentinel GlobalDeFiance CapitalElectric CapitalAlameda ResearchDraper AssociatesKRM Interests LLCRainfall VenturesPayPal Alumni FundBlockchain CapitalAAF Management Ltd.Initialized CapitalStarkWare IndustriesIlluminate FinancialDelta Blockchain FundDigital Currency GroupBlockchain.com VenturesJavelin Venture Partners
Headcount over time
From 17 (2022-11) to 48 (2026-03) · +31 (+182%) · 13 points · source: Finder history + radar grounding
Q&A
- What is Fordefi's primary business?
- Fordefi is an institutional MPC (multi-party computation) wallet and security platform built for decentralized finance (DeFi). It offers MPC key management, self-serve DeFi policy controls, real-time smart contract insights, transaction simulation, and risk alerts.
- When was Fordefi acquired and by whom?
- Fordefi was acquired by Paxos in November 2025 for $100,000,000.
- What was Fordefi's last funding round before its acquisition?
- Fordefi raised a Seed round of $10,000,000 in February 2024, led by Electric Capital.
- Who are the co-founders of Fordefi?
- The co-founders of Fordefi are Josh Schwartz (CEO), Dima Kogan (CTO), and Michael Volfman (VP R&D).
- Where is Fordefi headquartered?
- Fordefi is headquartered in Tel Aviv-Yafo, Israel, with an additional office in New York, United States.
- How many employees did Fordefi have as of March 2026?
- As of March 2026, Fordefi had 48 employees, falling within the 11-50 employee bucket.
- What was Fordefi's total funding raised?
- Fordefi raised a total of $28,000,000 across its funding rounds.
- What type of customers does Fordefi target?
- Fordefi targets customers in the financial services sector with a B2B business model.
Team · 3
Josh Schwartz
Founder · CEO, Co-Founder
Dima Kogan
Founder · CTO, Co-Founder
Michael Volfman
Founder · VP R&D, Co-Founder
Sectors & technology
Primary sector
Business Software
Sub-sectors
Business SoftwareIT, R&D & Data SolutionsProduct Development ToolsSoftware Development Tools
Technologies
Platforms & InterfacesWeb
Target customers
Financial Services
Business model
B2B
Highlights
Verified
Tags
web-3-0digital-walletblockchaintransactions
Full data — links, identifiers, deals & radar signals (jobs, patents, research, more)
External links
| Website | fordefi.com/ |
|---|---|
| linkedin.com/company/81664961 |
Identifiers & details
| Founded | 2021 |
|---|---|
| Employees (exact) | 30 |
| Offices | New York |
| Status reason | Acquired by Paxos on Nov 2025 |
Acquisitions & public offerings
Acquired by Paxos 2025-11 $100.0M
Radar intelligence
Open jobs — ashby
| Total open | 3 |
|---|---|
| Remote | 3 |
| Title | Location | Department |
|---|---|---|
| Customer Support Engineer | ||
| Senior Backend Engineer | ||
| Sales Executive, EMEA |
Publications (Crossref)
| Works | 1 |
|---|
GitHub
| Top repos | web3-provider, api-examples |
|---|
Web history (Wayback)
| Domain | fordefi.com |
|---|
Certificate / subdomain footprint
| Subdomains | 16 |
|---|