About Solana
Solana is a company based in San Francisco (United States) founded in 2010 by Raj Gokal. It operates as a Blockchain-as-a-Service, and Product-as-a-Service. Solana has raised $374.15 million across 5 funding rounds from investors including Multicoin Capital, Polychain and BlockTower. Solana has completed 1 acquisition, including Edgevana. Solana offers products and services including Solana Blockchain, Solana Mobile, and Solana Pay. Solana operates in a competitive market with competitors including Binance, Chain, Ankr, Mysten Labs and O(1) Labs, among others.
- Headquarter San Francisco, United States
- Founders Raj Gokal
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Sectors
Technology
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Solana Foundation
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$374.15 M (USD)
in 5 rounds
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Latest Funding Round
$314 M (USD), Series C
Jun 09, 2021
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Investors
Multicoin Capital
& 18 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Products & Services of Solana
Solana offers a comprehensive portfolio of products and services, including Solana Blockchain, Solana Mobile, and Solana Pay. 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.
A scalable blockchain platform for decentralized applications.
Mobile devices integrated with blockchain technology features.
Payment system for immediate, low-cost USDC transactions.
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Software Development Team
4 people
Leadership Team
2 people
Operations Team
2 people
General Team
1 people
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Funding Insights of Solana
Solana has successfully raised a total of $374.15M across 5 strategic funding rounds. The most recent funding activity was a Series C round of $314 million completed in June 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 5
- Last Round Series C — $314.0M
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First Round
First Round
(18 Apr 2018)
- Investors Count 19
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2021 | Amount | Series C - Solana | Valuation | a16z , Polychain | |
| Mar, 2021 | Amount | Series B - Solana | Valuation |
investors |
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| Mar, 2020 | Amount | Token Sale - Solana | Valuation |
investors |
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| 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 Solana
Solana has secured backing from 19 investors, including venture fund and institutional investors. Prominent investors backing the company include Multicoin Capital, Polychain and BlockTower. 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 in technology sectors are handled by Andreessen Horowitz.
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Founded Year | Domain | Location | |
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Investments are focused on crypto and tech companies by ParaFi.
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Founded Year | Domain | Location | |
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Blockchain sectors are invested in by Sino Global Capital.
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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 Solana
Solana has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Edgevana. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Blockchain and cryptocurrency operators
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2018 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Solana
| 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 |
Solana Comparisons
Competitors of Solana
Solana 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 Binance, Chain, Ankr, Mysten Labs and O(1) 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 |
Online exchange platform for cryptocurrency
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| domain | founded_year | HQ Location |
Blockchain infrastructure is offered for financial application development.
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| domain | founded_year | HQ Location |
Web3-native infrastructure for blockchain development and decentralization is provided.
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| domain | founded_year | HQ Location |
Web3 infrastructure solutions are offered via a blockchain platform.
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| domain | founded_year | HQ Location |
Provider of a blockchain network
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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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Latest news on Solana
Frequently Asked Questions about Solana
When was Solana founded?
Solana was founded in 2010 and raised its 1st funding round 8 years after it was founded.
Where is Solana located?
Solana is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Is Solana a funded company?
Solana is a funded company, having raised a total of $374.15M across 5 funding rounds to date. The company's 1st funding round was a Token Sale of $25.55M, raised on Apr 18, 2018.
What does Solana do?
A high-performance blockchain platform is operated by Solana, designed for scalability and mass adoption. Decentralized applications, payments, gaming, NFTs, DeFi, and DAOs are supported across various sectors. Solutions like Solana Pay for low-cost transactions and Solana Mobile for blockchain-integrated hardware are offered. The ecosystem is noted for fast transaction speeds and energy efficiency, catering to developers, businesses, and consumers globally.
Who are the top competitors of Solana?
Solana's top competitors include Binance, Mysten Labs and O(1) Labs.
What products or services does Solana offer?
Solana offers Solana Blockchain, Solana Mobile, and Solana Pay.
How many acquisitions has Solana made?
Solana has made 1 acquisition, including Edgevana.
Who are Solana's investors?
Solana has 19 investors. Key investors include Multicoin Capital, Polychain, BlockTower, CoinFund, and ParaFi.
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