Utopia Labs
San Francisco, US · Founded 2021 · Delaware corporation · 8 known investors
Founders & leadership
Utopia Labs was founded in 2021 by Pryce Adade Yebesi.
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Pryce Adade YebesiFounder
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Jason ChongNamed on SEC filing
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Alexander WuNamed on SEC filing
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Kaito CunninghamNamed on SEC filing
Investors · 8
Kindred VenturesSan Francisco · $250K – $2M
ParadigmSan Francisco · $1M – $100M
Circle & Co.reported$130K – $780K
Circle Venturesreported
Coinbase VenturesreportedStamford · $100K – $10M
Distributed GlobalreportedAustin
GustoreportedSan Francisco
Spice Capitalreported · 2 sourcesNew York · $100K – $250Kvia Maya Bakhai · inferred
Competitors · 5
by search overlapPrivy5 shared keywordsPrivy provides infrastructure for building crypto wallets and moving digital assets, enabling developers to integrate wallet functionality, stablecoin transfers, and automated payment systems into their applications. The platform serves fintechs, trading platforms, consumer applications, and financial institutions globally across 180+ countries.
Alchemy4 shared keywordsAlchemy is a platform layer that enables developers to build applications on blockchain networks. The company provides infrastructure and APIs to simplify blockchain development for a global audience.
MEXC4 shared keywordsMEXC is a cryptocurrency exchange where users trade a range of tokens and futures, with features such as low fees and liquidity. It highlights asset security measures including a Guardian Fund, 1:1 backed reserves, and a futures insurance fund.
Privy4 shared keywordsPrivy provides digital solutions for businesses, including digital signatures and document verification. It is positioned as a fintech and digital identity/e-signature product for business customers.
Bitrue3 shared keywordsBitrue is a cryptocurrency exchange offering spot and perpetual futures trading across a range of digital currencies, along with crypto lending, staking/interest products, and asset management services. It operates its own native platform token (BTR) and provides tools for both beginner and leveraged traders.
Companies competing with Utopia Labs for the same Google search keywords, organic and paid, via search-intersection analysis.
Reported raises · per SEC filings
Form D private placements$23.8M disclosed across 1 round · 2022
▶$23.8MraisedMay 2022 · 34 investors · Other TechnologyRule 506(b)
▶$23.8MraisedMay 2022 · 34 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- Pryce Adade YebesiExecutive Officer, Director, Promoter
- Jason ChongExecutive Officer, Director, Promoter
- Alexander WuDirector, Promoter
- Kaito CunninghamExecutive Officer, Director, Promoter
- Offering amount
- $25.5M
- Amount sold
- $23.8M
- First sale
- May 2022
- Incorporated
- Corporation, Delaware, 2021
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
In the news
Frequently asked questions
- Who founded Utopia Labs?
- Utopia Labs was founded by Pryce Adade Yebesi in 2021.
- Who are Utopia Labs's investors?
- Utopia Labs's investors include Kindred Ventures, Paradigm, Circle & Co., Circle Ventures, Coinbase Ventures, Distributed Global, Gusto, Spice Capital.
- How much funding has Utopia Labs raised?
- Utopia Labs has disclosed $23.8M raised across 1 round.
- Where is Utopia Labs headquartered?
- Utopia Labs is headquartered in San Francisco, US.