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§ Private Profile · Zug, Zug, Switzerland
Blockchain company building a multi-chain ecosystem on Substrate for Layer 1 operations and DeFi, gaming, and payments.
Glue, a blockchain technology company based in Belo Horizonte, Brazil, is developing a native multi-chain ecosystem on the Substrate framework for secure, accessible, user-friendly Layer 1 operations with multi-chain connectivity. The platform integrates Glue Hub, DeFi tools, and specialized Layer 2 solutions for finance, gaming, and payments, combining L1 and L2 within a single ecosystem. In March 2024, Glue achieved a Fully Diluted Valuation (FDV) of $1.43 billion from a public sale representing 0.5% of its total supply, marking it among crypto's highest public fundraisings. Co-founder Ogle, known for recovering over $450 million in crypto hacks and featured in Coindesk's Most Influential list (2023), leads the team alongside Kronos Belle, Ponyo (Head of Marketing), and Max (Head of Design). Glue was founded in 2021 by Ogle and Snapshot.
Glue has raised $50.0M across 5 funding rounds.
Glue has raised $50.0M in total across 5 funding rounds.
Glue has raised $50.0M across 5 funding rounds. Most recently, it raised $20.0M Series A in October 2025.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Oct 1, 2025 | $20M Series A | — | 10100, 1confirmation, Abstract Ventures, Kevin Hartz, Brainchild, Divergence Ventures, Founders Fund, General Catalyst, NEW Form Capital, Polychain Capital, Robot Ventures, Sound Ventures, The HIT Forge, Thrive Capital, Balaji Srinivasan, Diego Berdakin, Dylan Field, Mark Pincus, Sahin Boydas, Stani Kulechov, Vitalik Buterin | Announced |
| Jan 22, 2025 | $2M Pre Seed | — | — | Announced |
| Feb 1, 2022 | $19M Series A | — | 01 Advisors, Conviction Partners, Madrona Venture Group, Operator Collective, Josh Silverman | Announced |
| Nov 25, 2020 | $8M Series A | Unicorn Technologies | — | Announced |
| Sep 1, 2019 | $1M Seed | — | Jana Messerschmidt, Broadway Angels, Dragonfly Capital, Eniac Ventures, Founders' Co OP, Khosla Ventures, KRM Interests LLC, Lightbank, Nyca Partners, RED Swan Ventures, Renegade Partners, Silicon Valley Connect, Tapas Capital, WestRiver Group, Balaji Srinivasan, Julian KOH, Louis Beryl | Announced |
Glue is an AI-powered employee engagement and collaboration platform designed for distributed teams, helping build connections, boost retention, and enhance productivity through data-driven insights and automated interactions.[3][4] Formerly known as Mystery, it uses machine learning on real-time data points to recommend connections, facilitate virtual events, and track engagement scores, serving HR leaders and remote workforces while addressing disconnection in hybrid environments—issues that make employees three times more likely to quit.[3][4] Customers report up to 15X increases in connection scores, with features like AI-optimized introductions, Pulse surveys, and event planning that maximize morale budgets without relying on infrequent surveys.[4]
Note: Multiple entities share the "Glue" name in tech, including a VR collaboration tool (acquired in 2024) and an AI chat platform, but this profile focuses on the employee engagement leader at glue.co, backed by Greylock and others, as it aligns most closely with prominent activity in productivity software.[3][4]
Glue originated as Mystery, an employee engagement company, before rebranding and launching its AI-powered platform in March 2023 alongside the acquisition of HR software firm PopStage to enhance virtual experiences.[3] Co-founder and CEO Shane Kovalsky leads the effort, emphasizing real-time connection data over surveys to drive retention in remote work.[3] Backed by investors like Greylock, Moving Capital, Endeavor, and Gaingels, Glue evolved from addressing remote relationship-building challenges, integrating PopStage's capabilities with machine learning across 10M+ data points for optimized interventions.[3][4]
Glue rides the remote and hybrid work trend, where disconnection drives turnover, amplified by post-pandemic shifts toward distributed teams and AI for workplace wellness.[3][4] Timing aligns with AI maturation in HR tech, enabling real-time analytics over lagging surveys amid market forces like talent retention pressures and sustainability-focused corporate travel cuts (echoed in related VR tools).[1][3] It influences the ecosystem by setting a standard for proactive engagement platforms, competing with Slack and Read AI while pushing HR toward data-driven retention, potentially shaping how enterprises measure "soft" metrics like belonging in AI-era workforces.[2][3]
Glue is positioned to expand as AI agents and predictive analytics deepen in HR, with potential growth in integrations for larger enterprises and global teams amid rising hybrid work demands.[3][4] Trends like multiplayer AI workflows and wellness ROI tracking will shape its path, evolving influence from engagement booster to core retention infrastructure—tying back to its core mission of making distributed teams "stick together" through frictionless, data-backed connections.[4]
Glue has raised $50.0M in total across 5 funding rounds.
Glue's investors include 10100, 1confirmation, Abstract Ventures, Kevin Hartz, Brainchild, Divergence Ventures, Founders Fund, General Catalyst, New Form Capital, Polychain Capital, Robot Ventures, Sound Ventures.