About Farcana
Farcana is a company based in Dubai (United Arab Emirates) founded in 2022 by Ilman Shazhaev.. Farcana has raised $10 million across 2 funding rounds from investors including Animoca Brands, Merit Circle and Polygon Ventures. Farcana offers products and services including Farcana Game and Farcana Platform. Farcana operates in a competitive market with competitors including Hike, Yuga Labs, LUDEX, Autograph and Irreverent Labs, among others.
- Headquarter Dubai, United Arab Emirates
- Founders Ilman Shazhaev
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Sectors
TechnologyFinancial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Dizzaract Fz Llc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$10 M (USD)
in 2 rounds
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Latest Funding Round
$550 K (USD), Token Sale
Dec 29, 2023
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Investors
Animoca Brands
& 10 more
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Employee Count
Employee Count
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Products & Services of Farcana
Farcana offers a comprehensive portfolio of products and services, including Farcana Game and Farcana Platform. 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.
Competitive hero shooter with tactical PVP and team-based strategies.
Dashboard for tracking stats, inventory, and tournament participation.
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Funding Insights of Farcana
Farcana has successfully raised a total of $10M across 2 strategic funding rounds. The most recent funding activity was a Token Sale round of $550 thousand completed in December 2023. 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 Token Sale — $550,000
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First Round
First Round
(27 Nov 2023)
- Investors Count 11
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2023 | Amount | Token Sale - Farcana | Valuation |
investors |
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| Nov, 2023 | Amount | Seed - Farcana | Valuation | Animoca Brands , Polygon Ventures |
| 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 Farcana
Farcana has secured backing from 11 investors, including institutional and venture fund investors. Prominent investors backing the company include Animoca Brands, Merit Circle and Polygon 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 focused on crypto currency
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Founded Year | Domain | Location | |
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Early-stage venture capital firm investing in the US and UK
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Founded Year | Domain | Location | |
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Blockchain development services are provided by Rarestone in Dubai.
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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 Farcana
| 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 - Farcana
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Farcana Comparisons
Competitors of Farcana
Farcana 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 Hike, Yuga Labs, LUDEX, Autograph and Irreverent Labs, 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 |
Hike is involved in building innovative digital solutions.
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| domain | founded_year | HQ Location |
A marketplace for games, NFTs, and digital collectibles is operated.
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| domain | founded_year | HQ Location |
Alternative investment platform for digitalization of game cards
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| domain | founded_year | HQ Location |
Unique digital collections are created and traded using NFTs.
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| domain | founded_year | HQ Location |
Developer of blockchain-based NFT games
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| domain | founded_year | HQ Location |
Digital assets and collectibles are traded via an NFT platform.
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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 Farcana
Frequently Asked Questions about Farcana
When was Farcana founded?
Farcana was founded in 2022 and raised its 1st funding round 1 year after it was founded.
Where is Farcana located?
Farcana is headquartered in Dubai, United Arab Emirates. It is registered at Dubai, Dubai, United Arab Emirates.
Who is the current CEO of Farcana?
Ilman Shazhaev is the current CEO of Farcana. They have also founded this company.
Is Farcana a funded company?
Farcana is a funded company, having raised a total of $10M across 2 funding rounds to date. The company's 1st funding round was a Seed of $10M, raised on Nov 27, 2023.
What does Farcana do?
Farcana was founded in 2022 and is headquartered in Dubai, United Arab Emirates. An online platform is operated to facilitate the buying and selling of NFT-based collectibles, with a focus on athlete avatars. Transactions are conducted in the blockchain and digital assets sector, enabling users to engage in peer-to-peer exchanges of virtual memorabilia. The service supports digital ownership and trading within a global marketplace.
Who are the top competitors of Farcana?
What products or services does Farcana offer?
Farcana offers Farcana Game and Farcana Platform.
Who are Farcana's investors?
Farcana has 11 investors. Key investors include Animoca Brands, Merit Circle, Polygon Ventures, Fenbushi Capital, and Rarestone.