Flare Networks - About the company
Flare Networks is a series A company based in British Virgin Islands (United Kingdom), founded in 2019 by Nairi Usher and Hugo Philion. It operates as a Developer of protocols enabling interoperability between blockchains and decentralized applications. Flare Networks has raised $46.3M in funding from Kenetic and Xpring. The company has 1322 active competitors, including 286 funded and 30 that have exited. Its top competitors include companies like Mysten Labs, Aptos and Solana.
Company Details
Developer of protocols enabling interoperability between blockchains and decentralized applications. The technology facilitates the integration of external blockchain assets and data into programmable smart contract environments. It utilizes verified cross-chain communication to allow non-native tokens to participate in decentralized financial workflows, such as lending, trading, and liquidity provision. The infrastructure includes mechanisms for data verification and cross-chain execution, allowing decentralized applications to interact with external networks and internet data. These tools are designed to support secure transactions and the deployment of financial applications across various digital asset ecosystems.
- Website
- flare.network
- Social
- Email ID
- *****@flare.network
- Registered Address
- 20-22 WENLOCK ROAD,LONDON,ENGLAND,N1 7GU
Key Metrics
Founded Year
2019
Location
British Virgin Islands, United Kingdom
Stage
Series A
Total Funding
$46.3M in 3 rounds
Latest Funding Round
Ranked
18th among 1322 active competitors
Employee Count
71 as on Jul 31, 2026
Investment & Acquisitions
Legal entities associated with Flare Networks
Flare Networks is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
ALTAIRIAN LTD CIN: 10898534 , United Kingdom, Active | Aug 02, 2017 | - | 4 (As on Jan 31, 2022) |
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Flare Networks's funding and investors
Flare Networks has raised a total funding of $46.3M over 3 rounds. Its first funding round was on Nov 06, 2019. Its latest funding round was a Series A round on Feb 23, 2024 for $*****. 2 investors participated in its latest round. Flare Networks has 15 institutional investors and 2 angel investors.
Here is the list of recent funding rounds of Flare Networks:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Feb 23, 2024 | 8253590 | Series A | 2504092 | 4235433 | 5106123 | 4589180 |
Jun 08, 2021 | 3320821 | Seed | 7812636 | 7808690 | 6116800 | |
Nov 06, 2019 | 3701428 | Seed | 3704899 | 9358755 | 3406508 |
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Flare Networks' founders and board of directors
Founder? Claim ProfileThe founders of Flare Networks are Nairi Usher and Hugo Philion. Hugo Philion is the CEO of Flare Networks.
Here are the details of Flare Networks' key team members:
- Nairi Usher: Co-Founder of Flare Networks and founder of 1 other company. Contact Info: 1 email address
- Hugo Philion: Co-Founder & CEO of Flare Networks and founder of 1 other company.
View details of Flare Networks's Founder profiles and Board Members
Flare Networks' employee count trend
Flare Networks has 71 employees as of Jul 26. Here is Flare Networks's employee count trend over the years:
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Flare Networks's Competitors and alternates
Top competitors of Flare Networks include Mysten Labs, Aptos and Solana. Here is the list of Top 10 competitors of Flare Networks, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  Mysten Labs 2021, Palo Alto (United States), Series B | Blockchain platform offering Web3 infrastructure solutions | $336M | 82/100 | |
2nd | Aptos 2021, Palo Alto (United States), Series D | Provider of protocols for building blockchain-based solutions | $350M | 79/100 | |
3rd |  Solana 2010, San Francisco (United States), Series C | Developer of enterprise infrastructure for issuing assets and digital payments | $374M | 79/100 | |
4th | NEAR 2017, Zug (Switzerland), Series D | Public blockchain network platform | $542M | 77/100 | |
5th | AVA 2018, Brooklyn (United States), Series B | Blockchain platform for smart contracts and custom subnets | $368M | 75/100 | |
6th | Blockchain-based public network for decentralized applications | - | 70/100 | ||
7th | Chain 2014, San Francisco (United States), Acquired | Blockchain solutions empowering businesses to thrive in the Web3 era | $39.5M | 70/100 | |
8th |  DFINITY 2014, Palo Alto (United States), Series C | Blockchain-based public network for building decentralized applications | $164M | 68/100 | |
9th |  Avalanche 2018, Tortola (United Kingdom), Funding Raised | Provider of smart contracts platform for decentralized application development | - | 68/100 | |
10th |  Celestia 2011, Vaduz (Liechtenstein), Series C | Blockchain-based modular consensus and data network | $204M | 67/100 | |
18th | Flare Networks 2019, British Virgin Islands (United Kingdom), Series A | Developer of protocols enabling interoperability between blockchains and decentralized applications | $46.3M | 62/100 |
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Flare Networks's Investments and acquisitions
Flare Networks has a total of 1 investment in Sentora. Flare Networks has not made any acquisitions as of now.Reports related to Flare Networks
Here is the latest report on Flare Networks's sector:
News related to Flare Networks
Filter this listMedia has covered Flare Networks for a total of 10 events in the last 1 year, 8 of them have been about company updates and 2 about partnerships.
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Flare, Monarq, and Upshift Launch MXRPY Yield Vault for XRP HoldersBitcoin•May 15, 2026•Flare Networks
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Flare Network Proposes 40% Inflation Cut and MEV Revenue CaptureStartup Fortune•Apr 10, 2026•Flare Networks
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Flare and Xaman Unlock One-Click DeFi Access for XRP HoldersCoinDesk•Feb 26, 2026•Flare Networks, Xaman
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Flare Unveils New Way for XRP Holders to Earn Yield via DeFi UpgradeCoinDesk•Feb 03, 2026•Flare Networks
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Everything Blockchain Signs MOU with Flare to Explore XRP Yield ModelGlobeNewswire•Aug 29, 2025•Flare Networks, Everything Blockchain
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