About FairSide
FairSide is a company based in Detroit (United States) founded in 2021 by Andrew Hogue, Brandon Brown, and Charles Smith.. FairSide has raised $4.2 million across 1 funding round from investors including Dominance Ventures, Alameda Research and Jump Capital. FairSide operates in a competitive market with competitors including IoTeX, Synthetix, Dash, Biconomy and Origin Protocol, among others.
- Headquarter Detroit, United States
- Founders Andrew Hogue, Brandon Brown, Charles Smith
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Sectors
TechnologyFinancial Services
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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
$4.2 M (USD)
in 1 rounds
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Latest Funding Round
$4.2 M (USD), Series A
Nov 18, 2021
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Investors
Dominance Ventures
& 4 more
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Employee Count
Employee Count
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Funding Insights of FairSide
FairSide has successfully raised a total of $4.2M through 1 strategic funding round. The most recent funding activity was a Series A round of $4.2 million completed in November 2021. 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 A — $4.2M
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First Round
First Round
(18 Nov 2021)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2021 | Amount | Series A - FairSide | 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 FairSide
FairSide has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include Dominance Ventures, Alameda Research and Jump 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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Founded Year | Domain | Location | |
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Venture capital and funds of fund firm focused on multiple sectors
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Founded Year | Domain | Location | |
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Venture capital investments are directed toward web3 sectors.
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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 FairSide
| 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 - FairSide
| 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 |
Fairside Comparisons
Competitors of FairSide
FairSide 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 IoTeX, Synthetix, Dash, Biconomy and Origin Protocol, 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 |
Blockchain-based connectivity for IoT applications is facilitated.
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| domain | founded_year | HQ Location |
Derivatives liquidity protocol
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| domain | founded_year | HQ Location |
Dash is recognized as a digital cash cryptocurrency solution.
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| domain | founded_year | HQ Location |
Blockchain infrastructure for Web3 experiences is provided.
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| domain | founded_year | HQ Location |
A blockchain platform is provided for building decentralized marketplaces.
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| domain | founded_year | HQ Location |
Blockchain platform is utilized for developing and launching decentralized applications.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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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Frequently Asked Questions about FairSide
When was FairSide founded?
FairSide was founded in 2021.
Where is FairSide located?
FairSide is headquartered in Detroit, United States. It is registered at Detroit, Michigan, United States.
Is FairSide a funded company?
FairSide is a funded company, having raised a total of $4.2M across 1 funding round to date. The company's 1st funding round was a Series A of $4.2M, raised on Nov 18, 2021.
What does FairSide do?
Online platform offering solutions related to DeFi insurance. It offers coverage for multiple blockchains, projects, and types of loss, which extends its use to all crypto investors instead of limiting itself to those in DeFi through its decentralized cost-sharing network, enabling crypto investors to mitigate their risks.
Who are the top competitors of FairSide?
Who are FairSide's investors?
FairSide has 5 investors. Key investors include Dominance Ventures, Alameda Research, Jump Capital, Daedalus, and Figment Capital.