While users of the FTX exchange stand to lose up to $1.7 billion following the exchange’s collapse, some of the world’s most respected financial institutions and investors are also likely to be forced to write off a fortune.
As bankruptcy expert and former Enron liquidator, John Ray II, moves in to try pick up the pieces, a long line of investment bankers, fund managers, and analysts who backed former FTX CEO, Sam Bankman-Fried (SBF) have been left red-faced.
The long list of FTX investors
In January 2022, FTX announced it had closed a Series C fundraising round. Its third fundraising round in under 12 months saw it raise $400 million.
- Temasek
- Paradigm
- Ontario Teachers’ Pension Plan Board
- NEA
- IVP
- SoftBank Vision Fund 2
- Lightspeed Venture Partners
- Steadview Capital
- Tiger Global
- Insight Partners
Just days earlier, FTX announced it had closed a Series A funding round for its U.S. affiliate FTX US. The value of the raise was again put at $400 million.
It said investors included:
- Paradigm
- Temasek
- NEA
- Multicoin Capital
- Tribe Capital
- Ontario Teachers’ Pension Plan Board
- SoftBank Vision Fund 2
- Greenoaks Capital
- Steadview Capital
- Lightspeed Venture Partners
In October 2021, FTX announced it had raised $420 million in a funding round to “top up” its series B funding round (it called it a B-1 funding round).
FTX said investors in the ‘top up’ round included:
- Ontario Teachers’ Pension Plan Board, via its Teachers’ Innovation Platform
- Temasek
- Sequoia Capital
- Sea Capital
- IVP
- ICONIQ Growth
- Tiger Global
- Ribbit Capital
- Lightspeed Venture Partners
- Funds and accounts managed by BlackRock.
In its actual main Series B funding round in July 2021, FTX raised $900 million. In a media release the following companies and individuals were named as investors.
- Paradigm
- Sequoia Capital
- Thoma Bravo
- SoftBank
- Ribbit Capital
- Insight Partners
- Third Point
- Lightspeed Venture Partners
- Altimeter
- BOND
- NEA
- Coinbase Ventures
- Willoughby Capital
- 40North
- Senator Investment Group
- Sino Global Capital
- Multicoin
- the Paul Tudor Jones family
- Izzy Englander
- Alan Howard
- VanEck
- Hudson River Trading
- Circle
In 2019, according to a CoinTelegraph article, FTX secured $8 million in a seed funding closed around early August.
Investors named in reports about the seed funding round included:
- Proof-of-Capital
- Consensus Lab
- FBG
- Galois Capital
Alameda Research was named as FTX’s incubator.
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Asia Markets is not suggesting any of the companies or individuals listed as FTX investors on this page engaged in wrongdoing.