Celo

Private

Celo is a mobile-first blockchain platform designed to make financial tools accessible to anyone with a mobile phone. Built by cLabs, the protocol enables fast, low-cost payments and stablecoin transfers, targeting the 1.7 billion underbanked people globally. In 2023, cLabs proposed transitioning Celo from a standalone Layer 1 to an Ethereum Layer 2.

Founders Rene Reinsberg, Marek Olszewski, Sep Kamvar

CEO Rene Reinsberg

Company

Founded

2017

Headquarters

San Francisco, United States

Employees

51-200

Financials

Total Funding

$57M

Sectors

Fintech

celo.org Twitter Blog

Funding History

3 rounds

Undisclosed Feb 10, 2021

$20M

Andreessen Horowitz (Lead) Greenfield One Electric Capital

Series A Apr 2, 2019

$30M

Andreessen Horowitz (Lead) Polychain Capital (Lead) General Catalyst Social Capital Dragonfly Version One Ventures

Seed Jun 25, 2018

$7M

Andreessen Horowitz (Lead) General Catalyst Polychain Capital Coinbase Ventures Social Capital Lakestar

Funding data is compiled from multiple independent sources including company announcements, press coverage, and regulatory filings. While we strive for accuracy, amounts and dates may reflect reported figures at time of announcement.