About DeSo
DeSo is a company based in Los Altos (United States) founded in 2021 by Nader Al-Naji.. DeSo has raised $200 million across 1 funding round from investors including Coinbase, Social Capital and Sequoia Capital. DeSo offers products and services including DeSo Blockchain, DeSo Identity, and Openfund. DeSo operates in a competitive market with competitors including Phaver, Dfns, AlphaWallet, Easy and Farcaster, among others.
- Headquarter Los Altos, United States
- Founders Nader Al-Naji
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Sectors
TechnologyFinancial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Deso
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$200 M (USD)
in 1 rounds
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Latest Funding Round
$200 M (USD), Series D
Oct 12, 2022
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Investors
Coinbase
& 3 more
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Employee Count
Employee Count
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Products & Services of DeSo
DeSo offers a comprehensive portfolio of products and services, including DeSo Blockchain, DeSo Identity, and Openfund. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for decentralizing social media and building scalable apps.
Self-custodial wallet for decentralized identity and crypto integration.
Tool for social fundraising and accepting crypto donations.
Funding Insights of DeSo
DeSo has successfully raised a total of $200M through 1 strategic funding round. The most recent funding activity was a Series D round of $200 million completed in October 2022. 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 1
- Last Round Series D — $200.0M
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First Round
First Round
(12 Oct 2022)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2022 | Amount | Series D - DeSo | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in DeSo
DeSo has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Coinbase, Social Capital and Sequoia Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Sequoia Capital is engaged in venture capital investments.
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Founded Year | Domain | Location | |
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Venture capital investments in technology sectors are handled by Andreessen Horowitz.
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Founded Year | Domain | Location | |
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US focused VC firm investing in seed & growth stage companies
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by DeSo
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - DeSo
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Deso Comparisons
Competitors of DeSo
DeSo 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, Dfns, AlphaWallet, Easy and Farcaster, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| 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 |
Custodian solutions for cryptocurrencies are provided via secure API.
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| domain | founded_year | HQ Location |
Digital wallet for cryptocurrencies
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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 |
Infrastructure for digital assets is developed by PolySign.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Deso
Frequently Asked Questions about DeSo
When was DeSo founded?
DeSo was founded in 2021 and raised its 1st funding round 1 year after it was founded.
Where is DeSo located?
DeSo is headquartered in Los Altos, United States. It is registered at Los Altos, California, United States.
Is DeSo a funded company?
DeSo is a funded company, having raised a total of $200M across 1 funding round to date. The company's 1st funding round was a Series D of $200M, raised on Oct 12, 2022.
What does DeSo do?
DeSo was founded in 2021 and is headquartered in Los Altos, United States. As a layer-1 blockchain network, it focuses on the social media sector by enabling decentralization for user-owned platforms. Operations center on supporting storage-intensive and infinite-state applications, which facilitates the creation of non-financial web3 tools. The networks infrastructure is designed to handle data-heavy social interactions without centralized control.
What products or services does DeSo offer?
DeSo offers DeSo Blockchain, DeSo Identity, and Openfund.
Who are DeSo's investors?
DeSo has 4 investors. Key investors include Coinbase, Social Capital, Sequoia Capital, and Andreessen Horowitz.
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