About Dechat
Dechat is a company based in Dubai (United Arab Emirates) founded in 2023. Dechat has raised $1 million across 2 funding rounds from investors including Mindspace Solutions. Dechat operates in a competitive market with competitors including Phaver, Lens, Easy, Farcaster and FWB, among others.
- Headquarter Dubai, United Arab Emirates
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Sectors
Technology
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Email
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$1 M (USD)
in 2 rounds
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Latest Funding Round
$1 M (USD), Seed
Dec 04, 2024
- Investors
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Employee Count
Employee Count
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Funding Insights of Dechat
Dechat has successfully raised a total of $1M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $1 million completed in December 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Seed — $1.0M
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First Round
First Round
(26 Feb 2024)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2024 | Amount | Seed - Dechat | Valuation | Mindspace Solutions |
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| Feb, 2024 | Amount | Token Sale - Dechat | Valuation |
investors |
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Investors in Dechat
Dechat has secured backing from 1 investor. Prominent investors backing the company include Mindspace Solutions.
| Investor | Description | Founded Year | Domain | Location |
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Mindspace Solutions is focused on empowering startups with marketing strategies.
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Founded Year | Domain | Location |
Investments & Acquisitions by Dechat
Financial Statements - Dechat
Dechat Comparisons
Competitors of Dechat
Dechat operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Phaver, Lens, Easy, Farcaster and FWB, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Decentralized social networking platform
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| domain | founded_year | HQ Location |
Blockchain protocols for decentralized social networks are offered by Lens.
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| domain | founded_year | HQ Location |
Decentralized social platform for connecting with friends
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| domain | founded_year | HQ Location |
Decentralized white-label social platforms are provided for community creation.
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| domain | founded_year | HQ Location |
Provider of social DAO
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| domain | founded_year | HQ Location |
AI-based web3 social platforms and infrastructure solutions are provided.
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Frequently Asked Questions about Dechat
Dechat was founded in 2023 and raised its 1st funding round 1 year after it was founded.
Dechat is headquartered in Dubai, United Arab Emirates. It is registered at Dubai, Dubai, United Arab Emirates.
James Radford is the current CEO of Dechat.
Dechat is a funded company, having raised a total of $1M across 2 funding rounds to date. The company's 1st funding round was a Token Sale of $3.67M, raised on Feb 26, 2024.
Dechat was founded in 2023 in Dubai, United Arab Emirates. A decentralized platform for social networking is operated within the web3 sector, utilizing an open communications protocol. End-to-end encrypted interactions are facilitated for chatting, asset discovery, and transactions among users. High-quality voice and video calling features are supported, with data stored in a non-centralized manner to ensure privacy and security.
Dechat has 1 investor. Key investors include Mindspace Solutions.