Backed

Private

SwitzerlandCrypto & Web3https://www.backed.fi

Last Round

M&A

Dec 2, 2025

Total Funding Raised

$9.5M

Company Overview

Backed is a financial technology company that offers a tokenization platform designed to enhance accessibility and equity in capital markets by providing infrastructure for fully backed, tokenized stocks on Ethereum.

Sector

Crypto & Web3

Verticals

Tokenization, DeFi, Investment Platforms, RegTech, Blockchain Infrastructure

Business Model

B2B2C

Customer Profile

Payment Processing Fee, Services & Consulting

AI Layer

Non-AI

Keywords

real-world asset tokenizationRWAstokenized securitiestokenization platformRWA platformtokenized stockstokenized ETFson-chain assetsTradFi assets on-chainproof of reservetokenization as a serviceinstitutional DeFibTokensmulti-chain assetsSwiss DLT Act

Historical Pricing

Historical view of private secondary pricing and transaction trends.

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Caplight Momentum Score

Proprietary index based on bid/ask volume and sentiment.

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Backed Comps

Public and private peers based on sector, stage, and business model.

Company	Status	Est. Valuation	Rev Multiple
OpenAI	Private	$86.0B	~40x
Cohere	Private	$5.0B	--
Competitor 1	Public	$XX.XB	XXx
Competitor 2	Public	$XX.XB	XXx

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Backed Funding Rounds

Historical fundraising activity

Round	Date	Amount Raised	Valuation	Investors	Sources
M&A	Dec 2, 2025
Series A	Apr 30, 2024
Seed	May 1, 2021

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Key People

Founding team and executive leadership

Yotam Katznelson

Chief Technology Officer

Executive Team

Backed Investors

Notable investors and investment history

Investor	Rounds
Stratos Technologies	Seed
cyber.Fund	Series A
Nonce Classic	Series A
Blockchain Founders Fund	Series A
Blockchain Founders Fund	Series A
Semantic Ventures	Seed
Exor Ventures	Series A

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Market signals

Structured signals derived from secondary market and firmographic data.

Apr 10, 2026
Introducing xPoints loyalty programme to expand tokenized equities utility.
Apr 10, 2026
Introducing xChange (Atomic RFQ) support for tokenized equities.

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Backed Filings

SEC and related filings with document metadata.

Typed	Date	Amount Offered	Amount Sold	Filling	Pages	Download
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Backed Filings

SEC and related filings with document metadata.

Frequently Asked Questions

Common questions about Backed's valuation, stock price, and market status.

Firmographic Details

HeadquartersSwitzerland

Employee Range17

Year Founded2021

Last FundingDec 2, 2025

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