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.
- Total Equity Funding$200M (USD)
in 1 rounds
- Latest Funding Round$200M (USD), Series D
Oct 2022
- InvestorsCoinbase
& 3 more
Products & Services of DeSo
DeSo offers a comprehensive portfolio of products and services, including DeSo Blockchain, DeSo Identity, and Openfund.
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.
Apps and channels of DeSo
its YouTube channel DeSo: The Decentralized Social Media Blockchain has 5K subscribers and 30 videos.
Videos from DeSo
The most watched videos on DeSo's YouTube channel, DeSo: The Decentralized Social Media Blockchain (5K subscribers). Click a video to play it here.
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 $200M
- Total Rounds 1
- Last Round Series D — $200M
- First Round $200M
(Oct 2022)
- Investors Count 4
All 1 funding rounds of DeSo with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct 2022 | $200M | Series D | – | – |
4 investors in total: 4 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Sequoia Capital is engaged in venture capital investments. | 1972 | sequoiacap.com | - | |
Venture capital investments in technology sectors are handled by Andreessen Horowitz. | – | a16z.com | - | |
US focused VC firm investing in seed & growth stage companies | 2011 | socialcapital.com | Menlo Park, United States | |
Cryptocurrency trading, storage, and exchange services are offered online. | 2012 | coinbase.com | San Francisco, United States |
Investor details for DeSo
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of DeSo
1 people are tracked at DeSo (1 in leadership).
| Name | Role | Group |
|---|---|---|
Nader Al-Naji | Founder | Leadership |
Complete people profiles for DeSo
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of DeSo
2 dated milestones of DeSo across 1 years, from founding to its latest funding, stage changes and deals.
- Founded DeSo is founded.
- Funding First funding round of $200.0M.
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.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| phaver.com | 2019 | Helsinki, Finland | $7M | – | Decentralized social networking platform | |
| dfns.co | 2020 | Paris, France | $29.57M | – | Custodian solutions for cryptocurrencies are provided via secure API. | |
| alphawallet.com | 2017 | Singapore | $1.2M | – | Digital wallet for cryptocurrencies | |
| easy.me | 2021 | San Francisco, United States | $14.2M | – | Decentralized social platform for connecting with friends | |
| farcaster.xyz | 2020 | Los Angeles, United States | $180M | – | Decentralized white-label social platforms are provided for community creation. | |
| polysign.io | 2017 | San Francisco, United States | $131.68M | 24 | Infrastructure for digital assets is developed by PolySign. | |
| fwb.help | 2020 | Sacramento, United States | $13M | – | Provider of social DAO | |
| arianee.org | 2018 | Paris, France | $30.59M | – | Provider of a decentralized platform to manage digital ownership of fashion products | |
| lens.xyz | 2014 | Venice, United States | $46M | – | Blockchain protocols for decentralized social networks are offered by Lens. |
Detailed competitors of DeSo
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of DeSo
The website of DeSo (deso.com) receives about 22.4K visits a month.
- Monthly visits22.4K
▼ 3.6% vs previous month
Latest news on Deso
Complete news archive for DeSo
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to DeSo
10 companies that operate in the same segment as DeSo (Blockchain & Decentralized Infrastructure), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Terraform Labs is engaged in blockchain technology development. | 2018 | Singapore, Singapore | USD 57 M | – | – | |
Ledger is recognized for providing secure cryptocurrency hardware wallets. | 2014 | Paris, France | USD 575.4 M | – | – | |
Decentralized exchange platform for cryptocurrency trading is operated. | 2018 | New York, New York, United States | USD 176 M | – | 85 | |
Developer of blockchain and web3 software platform | 2014 | Fort Worth, Texas, United States | USD 725 M | – | – | |
Public blockchain network platform | 2017 | Zug, Zug, Switzerland | USD 542.29 M | – | – | |
Scalable blockchain interoperability protocols are developed for enhanced network security. | 2017 | George Town, Cayman Islands | USD 450.75 M | – | – | |
Blockchain-based PC and mobile games are developed and published. | 2006 | Kowloon, Hong Kong, China | USD 973.19 M | – | – | |
Protocols for blockchain-based solutions are provided by Aptos. | 2021 | Palo Alto, California, United States | USD 350 M | – | – | |
Cloud-based blockchain platform for application development is provided. | 2013 | San Francisco, California, United States | USD 597.81 M | – | – | |
Blockchain-based fantasy sports marketplace is provided for multiple sports. | 2018 | Saint-mande, Val-de-marne, France | USD 738.84 M | – | – |
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Frequently Asked Questions about DeSo
DeSo was founded in 2021 and raised its 1st funding round 1 year after it was founded.
DeSo is headquartered in Los Altos, United States. It is registered at Los Altos, California, United States.
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 2022.
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.
DeSo offers DeSo Blockchain, DeSo Identity, and Openfund.
DeSo has 4 investors. Key investors include Coinbase, Social Capital, Sequoia Capital, and Andreessen Horowitz.
DeSo operates through Deso.