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Backpack - Company Overview, Founder, CEO, Funding & Investment Details

Complete information about Backpack including founder details, CEO information, total funding raised, headquarters location, team size, and recent investment rounds.

Backpack company logo

Building your all-in-one crypto super app.

At Backpack, we ship relentlessly to bring you products that make using crypto easy, rewarding, and enjoyable. We offer a globally regulated exchange with a strong focus on compliance and a self-custodial wallet. With over 1 million users, we’re just getting started.

HeadquartersRemote, United States
Team size51-100
Founded2023

What is Backpack? - Company Overview & Details

Backpack is At Backpack, we ship relentlessly to bring you products that make using crypto easy, rewarding, and enjoyable. We offer a globally regulated exchange with a strong focus on compliance and a self-custodial wallet. With over 1 million users, we’re just getting started. Founded in 2023, the company is headquartered in Remote, United States.

Who Founded Backpack?

Backpack was founded by Armani Ferrante, Can Sun.

Who are the Key Executives at Backpack? - Leadership Team

Backpack is led by experienced executives in key positions:

Chief Executive Officer (CEO) of Backpack

Armani FerranteCEO

Chief Technology Officer (CTO) of Backpack

Can SunCTO

About Armani Ferrante - CEO of Backpack

Armani Ferrante serves as the Chief Executive Officer of Backpack, leading the company's strategic vision and operations. Connect with them on LinkedIn for professional insights.

Backpack Company Details & Key Information

Where is Backpack located?

Backpack is headquartered in Remote, United States.

How many employees does Backpack have?

Backpack has 51-100 employees.

When was Backpack founded?

Backpack was founded in 2023.

Backpack Official Website

How much funding has Backpack raised?

Backpack has raised $17 Million across 1 funding rounds. The most recent funding was completed on 2024-03-28.

Funding Overview

Backpack has successfully raised $17 million in a Series A funding round led by Placeholder.

$17 Million
Total Funding Raised
1
Funding Rounds
2024-03-28
Latest Round

Backpack Funding History

Series A
2024-03-28
$17 Million$120 Million valuation

Who are the key investors in Backpack?

Backpack is backed by 1 key investors including Placeholder. These investors focus on Blockchain, Cryptocurrency sectors.

Backpack Investor Overview

1
Key Investors
2
Focus Areas
0
Notable Investments

Complete List of Backpack Investors

Placeholder

Placeholder is a venture capital firm focused on blockchain technology.

Investment Focus
Blockchain
Cryptocurrency

What sectors do Backpack investors focus on?

The investors backing Backpack primarily focus on Blockchain, Cryptocurrency sectors.

Blockchain
Cryptocurrency

Featured Investor: Placeholder

Placeholder

Placeholder is a venture capital firm focused on blockchain technology.

Notable Investments:

What are Backpack's future plans?

Backpack Expansion into the European market and launching new crypto products.

Backpack Strategic Outlook

Strategic Focus
Defined
2
Key Challenges
2
Growth Opportunities

What challenges does Backpack face?

Backpack has identified 2 key challenges that need to be addressed for continued growth and success.

Key Challenges for Backpack

1

Regulatory approvals

2

Market competition

What opportunities does Backpack have?

Backpack has identified 2 key opportunities for growth and market expansion.

Growth Opportunities for Backpack

1

Becoming the sole regulated provider of perpetual futures in Europe

2

Expanding customer base in the EU

Backpack Strategic Position Summary

Key Focus Areas

Backpack is addressing 2 strategic challenges to strengthen its market position.

Growth Potential

The company has identified 2 key opportunities for expansion and growth.

What are the latest news about Backpack?

Backpack has 2 recent news updates covering key business developments and market activities.

Backpack News Overview

2
Recent Articles
Active
Media Coverage
2025-01-12
Latest Update

What is Backpack in the news for?

Backpack is currently featured in news for FTX Ventures sells assets to backpack.exchange in the amount of $32.7M. and other significant business developments.

Recent News Articles About Backpack

Article 1
2025-01-12

FTX Ventures sells assets to backpack.exchange in the amount of $32.7M.

FTX EU was sold to Backpack Exchange for $32.7 million, with plans to refund affected customers and expand into European markets.

cryptokorner.com
Read News
Article 2
2025-01-08

backpack.exchange launched Backpack Wallet.

Backpack Exchange has acquired FTX EU and committed to refunding customers while expanding its offerings.

blockonomi.com
Read News

Backpack FAQ - Frequently Asked Questions About Founder, CEO, Funding & Company Details

Find answers to the most common questions about Backpack including information about founders, CEO, funding history, investors, headquarters location, and company details. 19 frequently asked questions covering key information about the company.

Backpack Questions & Answers - Company Information

Q1

What is Backpack?

At Backpack, we ship relentlessly to bring you products that make using crypto easy, rewarding, and enjoyable. We offer a globally regulated exchange with a strong focus on compliance and a self-custodial wallet. With over 1 million users, we’re just getting started.

Q2

Who founded Backpack?

Backpack was founded by Armani Ferrante, Can Sun.

Q3

Who is the CEO of Backpack?

The CEO of Backpack is Armani Ferrante. You can find more information about them on their LinkedIn profile.

Q4

How much funding has Backpack raised?

Backpack has raised a total of $$17 Million across 1 funding rounds. The most recent funding was completed on 2024-03-28.

Q5

Who are the investors in Backpack?

Backpack's key investors include Placeholder.

Q6

Where is Backpack headquartered?

Backpack is headquartered in Remote, United States.

Q7

When was Backpack founded?

Backpack was founded in 2023.

Q8

How many employees does Backpack have?

Backpack has 51-100 employees.

Q9

What is Backpack's official website?

You can visit Backpack's official website at https://backpack.exchange/.

Q10

What was Backpack's latest funding round?

Backpack's latest funding round was a Series A round of $$17 Million completed on 2024-03-28.

Q11

Who is founder?

Armani Ferrante

Q12

Who is cto?

Can Sun

Q13

What does the company do?

Backpack is a regulated cryptocurrency exchange providing a self-custodial wallet and a range of trading products.

Q14

How much funding?

$17 Million

Q15

Latest funding date?

2024-03-28

Q16

Who are the investors?

Placeholder

Q17

What are the challenges?

Regulatory approvals Market competition

Q18

What are the opportunities?

Becoming the sole regulated provider of perpetual futures in Europe Expanding customer base in the EU

Q19

Latest news?

FTX EU was sold to Backpack Exchange for $32.7 million, with plans to refund affected customers and expand into European markets. Backpack Exchange has acquired FTX EU and committed to refunding customers while expanding its offerings.

More Information About Backpack

For additional details about Backpack, including the latest news, funding updates, and company developments, explore our comprehensive company database. Find information about startup funding, company valuations, executive leadership, and business intelligence data.