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Farcaster - Series A
Overview
Funding Date
May 21, 2024
Financing amount
$150M
Valuation
$1B
Catagory
Subcategory
About Farcaster - Series A
Decentralized social network Farcaster announced Tuesday that it has raised $150 million at a $1 billion valuation in a Series A round. Crypto investment firm Paradigm led the funding round, which included participation from a16z crypto, Haun Ventures, Union Square Ventures, Variant Fund, Standard Crypto, and others.
Investors
| Investors | Type | Location | Year Founded | #Portfolio Companies | Email Address | Socials |
|---|---|---|---|---|---|---|
| Fund | United States of America | 2018 | 82 | info@paradigm.xyz | ||
| Fund | United States of America | 2022 | 28 | -- | ||
| Fund | United States of America | -- | 20 | -- | ||
| Fund | United States of America | 2004 | 32 | info@unionsquareventures.com | ||
| Fund | United States of America | 2020 | 49 | info@variant.fund | ||
| Fund | United States of America | 2020 | 20 | adam@standardcryptovc.com |
Founders & Team
Dan Romero
Varun Srinivasan
Company Profile / Project Introduction
Farcaster is a protocol for building decentralized social apps. This repository contains the technical specification for implementing Farcaster. It is a public social network similar to Twitter and Reddit. Users can create profiles, post "casts" and follow others. They own their accounts and relationships with other users and are free to move between different apps.