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How Vechain CEO Sunny Lu grew to $20M revenue with a 25 person team in 2024.

Operator of a ledger-based information exchange collaboration cloud blockchain platform for products and information. The company's collaboration platform creates, manages and updates shared data about the products in the supply chain making the supply chain transparent and solving problems which exist in the supply chain, enabling industries such as luxury, fashion, logistics, pharmaceuticals, automotive, food safety, and wine and spirits to receive a trust-free and distributed business ecosystem which enables efficient collaboration and value transferring.

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Vechain Revenue

In 2024, Vechain's revenue reached $20M. The company previously reported $1.8M in 2024. Since its launch in 2015, Vechain has shown consistent revenue growth.

Vechain Revenue GrowthReported revenue / ARR over time$0$5M$10M$15M$20M$25M201520172019202120232024$0$858.2K$1.2M$20MSource: GetLatka.com
YearMilestoneQuote
2024Vechain Hit $20m revenue in November 2024Source
2023Vechain Hit $1.2m revenue in December 2023
2021Vechain Hit $858.2k revenue in April 2021
2015Launched with $0 revenue

Vechain Valuation, Funding Rounds

Vechain is a bootstrapped Other Collaboration Software startup. Founded in 2015, Vechain has grown to $20M in revenue without raising any venture capital or outside funding.

As a self-funded Other Collaboration Software SaaS company, Vechain has built its business with no outside investment.

Vechain Capital Raised & ValuationCumulative capital raised and post-money valuation by roundCapital raised (cum.)Valuation$0$0$0.2$0.2$0.4$0.4$0.6$0.6$0.8$0.8$1$12015Source: GetLatka.com
YearRoundAmountValuation% SoldQuote

Founder / CEO

Sunny Lu

CEO

Sunny Lu is the Co-Founder and CEO at Vechain.

Q&A

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Customers

We do not have customer count information for Vechain yet.

Vechain Employees & Team Size

Vechain employs approximately 25 people as of 2026, down from 26 in 2023.

Vechain Team GrowthReported headcount over time0612182430201520172019202120232024002525Source: GetLatka.com
YearMilestone
2024Reached 25 employees (October 2024)
2023Reached 26 employees (December 2023)
2022Reached 26 employees (December 2022)
2021Reached 23 employees (December 2021)
2021Reached 27 employees (April 2021)

Frequently Asked Questions about Vechain

What is Vechain's revenue?

Vechain generates $20M in revenue.

Who founded Vechain?

Vechain was founded by Sunny Lu.

Who is the CEO of Vechain?

The CEO of Vechain is Sunny Lu.

How much funding does Vechain have?

Vechain is bootstrapped and has not raised outside funding.

How many employees does Vechain have?

Vechain has 25 employees.

Where is Vechain headquarters?

Vechain is headquartered in Shanghai, China.

Compare Vechain to the industry

Data and Sources

All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.

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