Crossmint, a leading blockchain platform for enterprises, has raised $23.6 million in a funding round led by Ribbit Capital, with participation from Franklin Templeton, Nyca, First Round, and Lightspeed Faction.
The investment comes on the heels of a 1,100% surge in subscription revenue in 2024, reflecting the company’s rapid growth. Crossmint provides businesses with low-code tools to develop blockchain applications, offering seamless integration of wallets, tokenization, payments, and onramps—without requiring deep blockchain expertise or digital asset holdings.
For consumers, the platform simplifies blockchain interactions by enabling Face ID and email-based access, eliminating gas fees and other technical barriers.
Already, over 40,000 companies and developers leverage Crossmint’s technology, including global brands like Adidas and Red Bull. Businesses across industries are using the platform to integrate stablecoins, enhance supply chain transparency, and develop interoperable rewards programs. Startups, meanwhile, are accelerating blockchain application development with Crossmint’s infrastructure.
Zack Rosen, partner at Ribbit Capital, emphasized the platform’s growing impact:
“Crossmint has demonstrated its ability to unlock new revenue streams and drive cost efficiencies for major brands while building the financial infrastructure for the next generation of AI-powered applications. We are excited to support Crossmint as they continue enabling enterprises and developers to innovate onchain.”
With fresh funding, Crossmint is set to further expand its enterprise blockchain solutions, solidifying its position as a key player in the evolving digital economy.
