About DSCVR
DSCVR is a company based in Los Angeles (United States) founded in 2021 by Juan Bruce and Rick Porter.. DSCVR has raised $9 million across 1 funding round from investors including Polychain, Shima Capital and Upfront Ventures. DSCVR operates in a competitive market with competitors including GARI, Bee Network, Minds, Steem and 0xPPL, among others.
- Headquarter Los Angeles, United States
- Founders Juan Bruce, Rick Porter
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Sectors
Media & Entertainment
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Dscvr Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$9 M (USD)
in 1 rounds
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Latest Funding Round
$9 M (USD), Seed
Jul 25, 2022
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Investors
Polychain
& 5 more
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Employee Count
Employee Count
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Funding Insights of DSCVR
DSCVR has successfully raised a total of $9M through 1 strategic funding round. The most recent funding activity was a Seed round of $9 million completed in July 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 Seed — $9.0M
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First Round
First Round
(25 Jul 2022)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2022 | Amount | Seed - DSCVR | Valuation | Polychain |
| 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 DSCVR
DSCVR has secured backing from 6 investors, including institutional and venture fund investors. Prominent investors backing the company include Polychain, Shima Capital and Upfront Ventures. 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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Venture capital funding is provided to early-stage companies.
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Founded Year | Domain | Location | |
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Early-stage venture investments are made by Tomahawk.VC in technology startups.
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Founded Year | Domain | Location | |
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Early-stage US companies are invested in by Fyrfly Venture Partners.
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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 DSCVR
| 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 - DSCVR
| 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 |
Dscvr Comparisons
Competitors of DSCVR
DSCVR 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 GARI, Bee Network, Minds, Steem and 0xPPL, 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 |
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| domain | founded_year | HQ Location |
Crypto-based social media platform
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Operates as a blockchain-based social platform for users.
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Decentralized open-source social network is operated for user interactions.
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Decentralized reward-based content platform
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Social network for crypto natives
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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 Dscvr
Frequently Asked Questions about DSCVR
When was DSCVR founded?
DSCVR was founded in 2021 and raised its 1st funding round 1 year after it was founded.
Where is DSCVR located?
DSCVR is headquartered in Los Angeles, United States. It is registered at Los Angeles, California, United States.
Who is the current CEO of DSCVR?
Rick Porter is the current CEO of DSCVR. They have also founded this company.
Is DSCVR a funded company?
DSCVR is a funded company, having raised a total of $9M across 1 funding round to date. The company's 1st funding round was a Seed of $9M, raised on Jul 25, 2022.
What does DSCVR do?
DSCVR was founded in 2021 in Los Angeles, United States, as a decentralized social networking platform. Operations focus on enabling users to earn rewards through posts and upvotes. Communities are supported for discussions on news, hobbies, and other topics. The platform operates in the web3 social media sector, with its domain at dscvr.one. Leadership includes co-founders Juan Bruce and Rick Porter, the latter serving as CEO.
Who are DSCVR's investors?
DSCVR has 6 investors. Key investors include Polychain, Shima Capital, Upfront Ventures, Tomahawk.VC, and Fyrfly Venture Partners.
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