X1

company

About

X1 manufactures a smart credit card made with 17 grams of sleek, stainless steel.

Details

Last Funding Type
Series B
Last Funding Money Raised
$15M
Industries
Credit Cards,Financial Services,FinTech
Founded date
Jan 1, 2017
Number Of Employee
11 - 50
Operating Status
Active
Legal Name
X1 INC.

X1 manufactures a smart credit card made with 17 grams of sleek, stainless steel. It harnesses the power of technology to offer smart credit limits, an unparalleled rewards program, and automated features that will transform the way you shop and spend. X1 is partnered with Visa Signature, allowing cardholders to use it at more than 46 million merchants around the world.

The company is co-founded by Twitter alums Deepak Rao and Siddharth Batra and backed by PayPal co-founder Max Levchin and founding COO David Sacks, Harrison Metal founder Michael Dearing, former Twitter COO Adam Bain, Libra co-creator & Instagram’s former head of product Kevin Weil and more.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
5
$62M
X1 has raised a total of $62M in funding over 2 rounds. Their latest funding was raised on Dec 1, 2022 from a Series B round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Dec 1, 2022 Series B $15M 3 Soma Capital Detail
Jul 18, 2022 Series B $25M 9 FPV Ventures Detail
Jan 14, 2021 Series A $12M 6 Spark Capital Detail
Sep 17, 2020 Series A $10M 3 Craft Ventures Detail
Nov 1, 2017 Seed 2 Detail

Investments

Number of Investments
Number of Lead Investments
3
0
X1 has made 3 investments. Their most recent investment was on Apr 19, 2022, when Demostack raised $34M.
Date Company Name
Round Money Raised Industry Lead Investor
Apr 19, 2022 Demostack
Series B $34M B2B
Mar 9, 2021 Demostack
Series A $13.50M B2B
May 15, 2019 Karat
Series B $28M Information Technology

Investors

Number of Lead Investors
Number of Investors
4
18
X1 is funded by 18 investors. Soma Capital and FPV Ventures are the most recent investors.
Investor Name Lead Investor Funding Round
Soma Capital Yes Series B
FPV Ventures Yes Series B
Brian Kelly Series B
Kyle Vogt Series B
Abstract Ventures Series B
Craft Ventures Series B
Foreword VC Series B
Global Founders Capital Series B
Harrison Metal Series B
Spark Capital Series B

Employee Profiles

Number of Employee Profiles
2
X1 has 2 current employee profiles, including Executive Deepak Rao
Executive
Executive