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Ballet
Provides simple and secure cryptocurrency storage solutions for the global mainstream market
About Ballet
Ballet.com is a startup operating in the cryptocurrency and non-fungible tokens (NFTs) market. It provides a secure and user-friendly platform for managing, buying, and swapping various cryptocurrencies and NFTs. The company's primary service is offering cold storage for digital assets, which is a way of storing cryptocurrencies offline to protect them from hacking. This service is available for a wide range of cryptocurrencies, including Bitcoin, Ethereum, Polygon, and Binance Smart Chain, among others.
Read full description
Ballet.com's business model is centered around its Ballet Crypto App, which allows users to manage their digital assets conveniently. The app enables users to scan a QR code on a card, which then becomes their cold storage device. Users can securely receive, send, and monitor their crypto assets through the app's interface. They can also buy cryptocurrencies using their debit or credit cards and automatically receive the funds in their cold storage. Additionally, the app allows users to store and display their NFTs securely.
The company's target market includes both individual and institutional investors interested in the cryptocurrency and NFT space. Ballet.com's offering is particularly appealing to the '99%', or the everyday people who are not necessarily tech-savvy but are interested in owning and managing digital assets.
Ballet.com generates revenue through transaction fees from buying and swapping cryptocurrencies and possibly from selling its cold storage cards. The company's value proposition lies in its ease of use, security, and support for a wide range of digital assets.
At a glance
- Status
- Operational
- Founded
- 2019
- Headquarters
- Las Vegas, United States
- Employees
- 164
- Open positions
- None listed
- Dealroom signal
- 80.6/100
- Industry
- Fintech
- Sub-industry
- Crypto and DeFi, Wealth Management
- Sector
- Fintech, Bitcoin, Crypto and Web3, Hard Tech
- Technology
- Blockchain, Mobile app
- Business model
- Marketplace & ecommerce
- Client focus
- b2b, b2c
Latest news
Press, funding announcements and product moves mentioning Ballet.
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| SERIES A✓Equity / VC | Jun 2022 | $13M | $52M | Ribbit Capital · ACTAI Ventures · Luminous Ventures · Digital Currency Group | ↗ |
| SEEDEquity / VC | Jan 2019 | $3M | $12M | Ribbit Capital | — |
Financials
Revenue, earnings and other financial measures where available. Years marked “E” are estimates.
Growth signals
Latest recorded traffic for Ballet is 25K monthly website visits, down 3.8% over the last three months. Ballet's team grew 10.1% over the past year.
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Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Seed1 investor entered at this stage
Series A5 investors entered at this stage
ACTAI Ventures
Luminous Ventures
Digital Currency Group
Sky9 Capital
Draper Dragon
Other known investors1 additional known investor
Daniel Gutenberg
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about Ballet on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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