About Thesis
Thesis is a company based in San Mateo (United States) founded in 2010 by Brian Mahoney and Corbin Pon. It operates as a Blockchain-as-a-Service, and FinTech. Thesis has raised $49.7 million across 3 funding rounds from investors including Multicoin Capital, Polychain and ParaFi. The company has 267 employees as of December 31, 2021. Thesis has completed 1 acquisition, including Lolli. Thesis offers products and services including Bitcoin Cashback System, Decentralized Bitcoin Bridge, Community-Owned Web3 Wallet, and Privacy Layer for Public Chains.
- Headquarter San Mateo, United States
- Employees 267 as on 31 Dec, 2021
- Founders Brian Mahoney, Corbin Pon
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Thesis, 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
$49.7 M (USD)
in 3 rounds
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Latest Funding Round
$21 M (USD), Series A
Apr 09, 2024
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Investors
Multicoin Capital
& 16 more
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Employee Count
267
as on Dec 31, 2021
- Investments & Acquisitions
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Products & Services of Thesis
Thesis offers a comprehensive portfolio of products and services, including Bitcoin Cashback System, Decentralized Bitcoin Bridge, Community-Owned Web3 Wallet, and Privacy Layer for Public Chains. 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 system to earn bitcoin on purchases made.
A cost-effective bridge for decentralized Bitcoin transactions.
A wallet owned by community for Web3 usage.
A layer enhancing privacy on public blockchain networks.
Unlock access to complete
Funding Insights of Thesis
Thesis has successfully raised a total of $49.7M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $21 million completed in April 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 3
- Last Round Series A — $21.0M
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First Round
First Round
(03 Apr 2020)
- Investors Count 17
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2024 | Amount | Series A - Thesis | Valuation | Pantera Capital | |
| Jul, 2021 | Amount | Series A - Thesis | Valuation | ParaFi , Nascent | |
| Apr, 2020 | Amount | Series A - Thesis | Valuation | Paradigm Capital |
| 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 Thesis
Thesis has secured backing from 17 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Multicoin Capital, Polychain and ParaFi. 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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Blockchain-focused investment funds and venture capital are provided.
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Founded Year | Domain | Location | |
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Web3 venture capital firm partnering on blockchain projects.
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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 |
| 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 Thesis
Thesis has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Lolli. 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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Browser extension for earning bitcoin or cash
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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 - Thesis
| 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 |
Thesis Comparisons
Competitors of Thesis
| 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 Thesis
When was Thesis founded?
Thesis was founded in 2010 and raised its 1st funding round 10 years after it was founded.
Where is Thesis located?
Thesis is headquartered in San Mateo, United States. It is registered at San Mateo, California, United States.
Who is the current CEO of Thesis?
Matt Luongo is the current CEO of Thesis.
Is Thesis a funded company?
Thesis is a funded company, having raised a total of $49.7M across 3 funding rounds to date. The company's 1st funding round was a Series A of $7.7M, raised on Apr 03, 2020.
How many employees does Thesis have?
As of Dec 31, 2021, the latest employee count at Thesis is 267.
What does Thesis do?
Thesis is focused on creating decentralized systems and bitcoin-related technologies. The company operates in the blockchain sector, emphasizing privacy, sovereignty, and freedom. Solutions provided include a bitcoin cashback system, a decentralized Bitcoin bridge, a community-owned Web3 wallet, and a privacy layer for public chains. Efforts are directed towards shifting control from centralized institutions to individuals, fostering internal locus of control in culture, business, and finance.
What products or services does Thesis offer?
Thesis offers Bitcoin Cashback System, Decentralized Bitcoin Bridge, Community-Owned Web3 Wallet, and Privacy Layer for Public Chains.
How many acquisitions has Thesis made?
Thesis has made 1 acquisition, including Lolli.
Who are Thesis's investors?
Thesis has 17 investors. Key investors include Multicoin Capital, Polychain, ParaFi, Pantera Capital, and Hack VC.