About Farcaster
Farcaster is a company based in Los Angeles (United States) founded in 2020 by Varun Srinivasan and Dan Romero.. Farcaster has raised $180 million across 2 funding rounds from investors including Coinbase, Multicoin Capital and Ribbit Capital. Farcaster offers products and services including Warpcast and Farcaster Platform. Farcaster operates in a competitive market with competitors including Paxos, Phaver, Zero Hash, BTSE and Fordefi, among others.
- Headquarter Los Angeles, United States
- Founders Varun Srinivasan, Dan Romero
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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
$180 M (USD)
in 2 rounds
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Latest Funding Round
$150 M (USD), Series A
May 21, 2024
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Investors
Coinbase
& 28 more
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Employee Count
Employee Count
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Products & Services of Farcaster
Farcaster offers a comprehensive portfolio of products and services, including Warpcast and Farcaster 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.
Mobile application for accessing Farcaster network features.
Platform for building decentralized social applications.
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Funding Insights of Farcaster
Farcaster has successfully raised a total of $180M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $150 million completed in May 2024. 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 Series A — $150.0M
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First Round
First Round
(12 Jul 2022)
- Investors Count 29
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2024 | Amount | Series A - Farcaster | Valuation | Paradigm | |
| Jul, 2022 | Amount | Seed - Farcaster | Valuation | a16z |
| 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 Farcaster
Farcaster has secured backing from 29 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Coinbase, Multicoin Capital and Ribbit 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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Venture capital investments are directed toward crypto-assets and Web3 businesses.
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Founded Year | Domain | Location | |
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A venture capital firm focused on crypto technology investments.
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Founded Year | Domain | Location | |
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Venture capital firm focused on blockchain, wellbeing, and multiple 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 Farcaster
| 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 - Farcaster
| 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 |
Farcaster Comparisons
Competitors of Farcaster
Farcaster 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 Paxos, Phaver, Zero Hash, BTSE and Fordefi, 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 settlement solutions are provided for financial institutions.
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| domain | founded_year | HQ Location |
Decentralized social networking platform
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| domain | founded_year | HQ Location |
Embedded crypto solutions for financial institutions
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| domain | founded_year | HQ Location |
Cryptocurrencies exchange platform
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| domain | founded_year | HQ Location |
MPC wallet platform and web3 gateway solution
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| domain | founded_year | HQ Location |
Decentralized social platform for connecting with friends
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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 Farcaster
Frequently Asked Questions about Farcaster
When was Farcaster founded?
Farcaster was founded in 2020 and raised its 1st funding round 2 years after it was founded.
Where is Farcaster located?
Farcaster is headquartered in Los Angeles, United States. It is registered at Los Angeles, California, United States.
Who is the current CEO of Farcaster?
Dan Romero is the current CEO of Farcaster. They have also founded this company.
Is Farcaster a funded company?
Farcaster is a funded company, having raised a total of $180M across 2 funding rounds to date. The company's 1st funding round was a Seed of $30M, raised on Jul 12, 2022.
What does Farcaster do?
Farcaster was founded in 2020 in Los Angeles, United States, as a provider of decentralized white-label social platforms. Communities are enabled to be created and customized by users through these platforms. Operations focus on the social technology sector, supporting decentralized networks for various user groups. The companys domain is farcaster.xyz, with co-founders Varun Srinivasan and Dan Romero leading efforts.
Who are the top competitors of Farcaster?
What products or services does Farcaster offer?
Farcaster offers Warpcast and Farcaster Platform.
Who are Farcaster's investors?
Farcaster has 29 investors. Key investors include Coinbase, Multicoin Capital, Ribbit Capital, 1confirmation, and Scalar Capital.
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