X1 - Web3 Crypto Company Profile, Funding, Valuation, Investors

About

X1 manufactures a smart credit card made with 17 grams of sleek, stainless steel.

San Francisco,California,United States
11 - 50
https://x1.co

Highlights

Details

Last Funding Type: Series B
Last Funding Money Raised: $15M
Industries: Credit Cards,Financial Services,FinTech
Founded date: Jan 1, 2017
Number Of Employee: 11 - 50
Operating Status: Active
Legal Name: X1 INC.

X1 manufactures a smart credit card made with 17 grams of sleek, stainless steel. It harnesses the power of technology to offer smart credit limits, an unparalleled rewards program, and automated features that will transform the way you shop and spend. X1 is partnered with Visa Signature, allowing cardholders to use it at more than 46 million merchants around the world.

The company is co-founded by Twitter alums Deepak Rao and Siddharth Batra and backed by PayPal co-founder Max Levchin and founding COO David Sacks, Harrison Metal founder Michael Dearing, former Twitter COO Adam Bain, Libra co-creator & Instagram’s former head of product Kevin Weil and more.

Funding Rounds

Number of Funding Rounds

Total Funding Amount

5

$62M

X1 has raised a total of $62M in funding over 2 rounds. Their latest funding was raised on Dec 1, 2022 from a Series B round.

Announced Date	Round	Money Raised	Number of Investors	Lead Investors	Post Valuation
Dec 1, 2022	Series B	$15M	3	Soma Capital	—	Detail
Jul 18, 2022	Series B	$25M	9	FPV Ventures	—	Detail
Jan 14, 2021	Series A	$12M	6	Spark Capital	—	Detail
Sep 17, 2020	Series A	$10M	3	Craft Ventures	—	Detail
Nov 1, 2017	Seed	—	2	—	—	Detail

Investments

Number of Investments

Number of Lead Investments

3

0

X1 has made 3 investments. Their most recent investment was on Apr 19, 2022, when Demostack raised $34M.

Date Company Name	Round	Money Raised	Industry	Lead Investor
Apr 19, 2022 Demostack	Series B	$34M	B2B	—
Mar 9, 2021 Demostack	Series A	$13.50M	B2B	—
May 15, 2019 Karat	Series B	$28M	Information Technology	—

Investors

Number of Lead Investors

Number of Investors

4

18

X1 is funded by 18 investors. Soma Capital and FPV Ventures are the most recent investors.

Investor Name	Lead Investor	Funding Round
Soma Capital	Yes	Series B
FPV Ventures	Yes	Series B
Brian Kelly	—	Series B
Kyle Vogt	—	Series B
Abstract Ventures	—	Series B
Craft Ventures	—	Series B
Foreword VC	—	Series B
Global Founders Capital	—	Series B
Harrison Metal	—	Series B
Spark Capital	—	Series B