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. 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.
- Total Equity Funding$49.7 M (USD)
in 3 rounds
- Latest Funding Round$21 M (USD), Series A
Apr 2024
- InvestorsMulticoin Capital
& 16 more
- Employee Count267
- Investments & Acquisitions
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.
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.
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 $49.7M
- Total Rounds 3
- Last Round Series A — $21.0M
- First Round $7.7M
(Apr 2020)
- Investors Count 17
All 3 funding rounds of Thesis with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr 2024 | $21.0M | Series A | – | Pantera Capital | |
| Jul 2021 | $21.0M | Series A | – | ParaFi , Nascent | |
| Apr 2020 | $7.7M | Series A | – | Paradigm Capital |
17 investors in total: 12 institutional and 5 angel.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Blockchain-focused investment funds and venture capital are provided. | – | panteracapital.com | Menlo Park, United States | |
Web3 venture capital firm partnering on blockchain projects. | – | hack.vc | - | |
Investments are focused on crypto and tech companies by ParaFi. | 2018 | parafi.com | Greenwich, United States | |
Early-stage technology companies receive venture capital investments. | – | draper.vc | San Mateo, United States | |
Blockchain technologies are invested in globally by Primitive Ventures. | – | primitive.ventures | San Francisco, United States | |
Tech startups are funded by this venture capital entity. | – | acp.vc | Boston, United States | |
Early-stage venture capital firm investing in the US and UK | – | fenbushi.vc | Shanghai, China | |
Early-stage crypto projects in culture and consumer tech are funded. | – | collabcurrency.com | Eugene, United States | |
Venture capital is invested in blockchain and cryptocurrency sectors. | 2017 | multicoin.capital | Austin, United States | |
Nascent is engaged in building and investing in open financial markets. | – | nascent.xyz | - |
Investor details for Thesis
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Thesis
11 people are tracked at Thesis (9 in leadership, 2 in team); the tracked headcount is 267.
| Name | Role | Group |
|---|---|---|
Brian Mahoney | Co-Founder | Leadership |
Corbin Pon | Co-Founder | Leadership |
Matt Luongo | CEO | Leadership |
Jessie France | Chief Of Staff | Leadership |
Carolyn Reckhow | COO | Leadership |
Antonio Salazar Cardozo | CTO | Leadership |
Harsharn S. | Director Of Business Development And Partnerships | Leadership |
Brandon Bailey | Executive Assistant To Chief Executive Officer | Leadership |
Cass Puls | Director Of Operations | Leadership |
Hana Yoosuf | Product & DAO Launch Strategy Consultant- Tally Ho! | Team |
Nikolas Grinkevich | Backend Engineer | Team |
Complete people profiles for Thesis
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Investments & Acquisitions by Thesis
Thesis has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Lolli.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Browser extension for earning bitcoin or cash | lolli.com | New York, United States | 2018 | Jul 2025 | •••• |
Complete acquisition details for Thesis
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
Verified entity values are shown only after access is granted.
Timeline of Thesis
4 dated milestones of Thesis across 15 years, from founding to its latest funding, stage changes and deals.
- Founded Thesis is founded.
- Funding First funding round of $7.7M.
- Funding Latest funding round, Series A, of $21.0M.
- Acquisition Acquires Lolli.
Web traffic of Thesis
The website of Thesis (thesis.co) receives about 5K visits a month.
- Monthly visits5K
▼ 14.7% vs previous month
Similar companies to Thesis
10 companies that operate in the same segment as Thesis (Blockchain Investment Firms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Blockchain investment services are provided by Metaversal. | 2021 | Miami Beach, Florida, United States | USD 67.81 M | – | 15 | |
Cryptocurrency investment management is provided by Arca. | 2018 | Los Angeles, California, United States | USD 10 M | – | – | |
Investments in cryptocurrency and blockchain assets are managed by Polychain. | 2016 | San Francisco, California, United States | USD 10 M | – | 29 | |
Blockchain and cryptocurrency assets are invested in by BTCS. | 2013 | Silver Spring, Maryland, United States | – | USD 16.49 M | 7 | |
Blockchain investment firm | 2017 | Berlin, Berlin, Germany | – | USD 234.97 K | – | |
Web3 development services are offered to startups and DAOs. | 2021 | New York, New York, United States | USD 1 M | – | – | |
Blockchain investments are focused on by Shima Capital. | 2021 | San Francisco, California, United States | – | – | – | |
Cryptocurrency tools for institutional investors are provided through subscriptions. | 2018 | Denver, Colorado, United States | USD 9.2 M | – | – | |
Investments are focused on blockchain protocols and companies. | 2017 | Mexico City, Mexico | – | – | – | |
Early-stage investments in Web3 and blockchain companies are provided. | 2019 | Cayman Islands | – | – | – |
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Frequently Asked Questions about Thesis
Thesis was founded in 2010 and raised its 1st funding round 10 years after it was founded.
Thesis is headquartered in San Mateo, United States. It is registered at San Mateo, California, United States.
Matt Luongo is the current CEO of Thesis.
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 2020.
Thesis has 267 employees.
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.
Thesis offers Bitcoin Cashback System, Decentralized Bitcoin Bridge, Community-Owned Web3 Wallet, and Privacy Layer for Public Chains.
Thesis has made 1 acquisition, including Lolli.
Thesis has 17 investors. Key investors include Multicoin Capital, Polychain, ParaFi, Pantera Capital, and Hack VC.
Thesis operates through Thesis, Inc..