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.

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 round, raised on Jul 12, 2022.

How much is Farcaster worth?

The last known valuation of Farcaster was $***** as of May 21, 2024.

When was the latest funding round of Farcaster?

Farcaster's latest funding was a $***** Series A round on May 21, 2024, with participation from 6 investors.

Where does Farcaster rank among its competitors?

Farcaster ranks 4th amongst 276 active competitors, of which 60 are funded. It stands 3rd in terms of total funding among its competitors. The most recent competitor to raise funding was ParFin, which secured an undisclosed amount in Nov, 2025.

Who are the top competitors of Farcaster?

Farcaster's top competitors include Paxos, Zero Hash and BTSE. Among them, ParFin secured the most recent funding round in November, 2025.

Farcaster - 2026 Company Profile, Team, Funding & Competitors

Farcaster is an acquired company based in Los Angeles (United States), founded in 2020 by Dan Romero and Varun Srinivasan. It operates as a Decentralized white-label social platform provider. Farcaster has raised $180M in funding from Andreessen Horowitz and Paradigm, with last known valuation of $*****. The company has 276 active competitors, including 60 funded and 11 that have exited. Its top competitors include companies like Paxos, Zero Hash and BTSE.

Company Details

Decentralized white-label social platform provider. It allows users to create and customize their communities.

Website: farcaster.xyz
Social

Key Metrics

Founded Year

2020

Location

Los Angeles, United States

Stage

Acquired

Total Funding

$180M in 2 rounds

Latest Funding Round

Series A, May 21, 2024, $*****

Last Known Valuation

$***** as on May 21, 2024

Investors

Andreessen Horowitz & 30 more

Ranked

4^th among 276 active competitors

Similar Companies

Paxos & 316 more

Exit Details

Acquired by Neynar (Jan 21, 2026)

View Farcaster's full profile

Farcaster got acquired by Neynar on Jan 21, 2026.

Click here to take a look at Farcaster's acquisition in detail

Farcaster has raised a total funding of $180M over 2 rounds. Its first funding round was on Jul 12, 2022. Its latest funding round was a Series A round on May 21, 2024 for $*****. 6 investors participated in its latest round. Farcaster has 29 institutional investors and 2 angel investors.

Here is the list of recent funding rounds of Farcaster:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
May 21, 2024	3265555	Series A	7367074	8913247	3416719	1309258
Jul 12, 2022	9563063	Seed	1120897	8994444	Andreessen Horowitz	Standard Crypto & 22 more

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View details of Farcaster's funding rounds and investors

The founders of Farcaster are Dan Romero and Varun Srinivasan.

Here are the details of Farcaster's key team members:

Dan Romero: Co-Founder of Farcaster. They are also an angel investor in 17 startups.
Varun Srinivasan: Co-Founder of Farcaster and founder of 1 other company. They serve on the board of 1 company.

View details of Farcaster's Founder profiles and Board Members

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Top competitors of Farcaster include Paxos, Zero Hash and BTSE. Here is the list of Top 10 competitors of Farcaster, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Paxos 2012, New York City (United States), Series D	Provider of blockchain infrastructure and regulated stablecoin solutions for enterprises	$535M	RRE Ventures, Liberty City Ventures & 36 others	78/100
2nd	Zero Hash 2017, Chicago (United States), Series D	Embedded crypto solutions for financial institutions	$286M	Point72 Ventures, Interactive Brokers & 31 others	67/100
3rd	BTSE 2018, Tortola (United Kingdom), Series A	Cryptocurrencies exchange platform	$22M	-	66/100
4th	Farcaster 2020, Los Angeles (United States), Acquired	Decentralized white-label social platform provider	$180M	Floodgate, A.Capital Ventures & 29 others	65/100
5th	Fordefi 2021, New York City (United States), Acquired	MPC wallet platform and web3 gateway solution	$28M	Lightspeed Venture Partners, Electric Capital ... & 15 others	64/100
6th	Merkle Manufactory 2021, Los Angeles (United States), Series D	Developer of app studio for social platforms	$169M	Andreessen Horowitz, Paradigm & 12 others	60/100
7th	UXLINK 2022, Singapore (Singapore), Series A	Provider of AI-based web3 social platform and infrastructure solutions	$14M	HongShan, Matrixport Ventures & 18 others	57/100
8th	ParFin 2019, London (United Kingdom), Series A	Developer of infrastructure for managing digital assets and stablecoins	$31.5M	ParaFi, Valor Capital Group & 8 others	57/100
9th	Lens 2014, Venice (United States), Series B	Platform offering blockchain protocols for creating decentralized social networks	$46M	Ideocolab, Faction VC & 34 others	57/100
10th	PARAMETA 2016, Seoul (South Korea), Series B	Web3 enabler offering white-label blockchain solutions	$20M	Korea Technology Finance, Shinhan Venture Investment ... & 6 others	55/100