Pharos Network - About the company
Pharos Network is a seed company based in Tortola (United Kingdom), founded in 2024 by Wish Wu and Alex Zhang. It operates as a Decentralized Layer-1 network platform. Pharos Network has raised $8M in funding from Hack VC and Faction VC. The company has 1416 active competitors, including 287 funded and 30 that have exited. Its top competitors include companies like Solana, Mysten Labs and NEAR.
Company Details
Decentralized Layer-1 network platform. Its designed to elevate payments and applications, supporting financially underserved communities and asset markets.
- Website
- pharosnetwork.xyz
- Social
Key Metrics
Founded Year
2024
Location
Tortola, United Kingdom
Stage
Seed
Total Funding
$8M in 1 round
Latest Funding Round
Ranked
75th among 1416 active competitors
Employee Count
17 as on Sep 30, 2026
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Pharos Network's funding and investors
Pharos Network has raised a total funding of $8M over 1 round. Its latest funding round was a Seed round on Nov 09, 2024 for $*****. 10 investors participated in its latest round. Pharos Network has 11 institutional investors.
Here is the list of recent funding rounds of Pharos Network:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Nov 09, 2024 | 7650034 | Seed | 6698283 | 3467918 | 9627922 | 2723350 |
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Pharos Network's founders and board of directors
Founder? Claim ProfileThe founders of Pharos Network are Wish Wu and Alex Zhang. Wish Wu and Alex Zhang are the CEOs of Pharos Network.
Here are the details of Pharos Network's key team members:
- Wish Wu: Co-Founder & CEO of Pharos Network. Contact Info: 1 email address
- Alex Zhang: CEO of Pharos Network.
View details of Pharos Network's Founder profiles and Board Members
Pharos Network's employee count trend
Pharos Network has 17 employees as of Sep 26. Here is Pharos Network's employee count trend over the years:
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Pharos Network's Competitors and alternates
Top competitors of Pharos Network include Solana, Mysten Labs and NEAR. Here is the list of Top 10 competitors of Pharos Network, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  Solana 2010, San Francisco (United States), Series C | Developer of enterprise infrastructure for issuing assets and digital payments | $374M | 80/100 | |
2nd |  Mysten Labs 2021, Palo Alto (United States), Series B | Blockchain platform offering Web3 infrastructure solutions | $336M | 77/100 | |
3rd | NEAR 2017, Zug (Switzerland), Series D | Public blockchain network platform | $542M | 76/100 | |
4th | Aptos 2021, Palo Alto (United States), Series D | Provider of protocols for building blockchain-based solutions | $350M | 74/100 | |
5th |  Ankr 2017, San Francisco (United States), Series C | Provider of blockchain infrastructure node access and decentralized network services | $16M | 73/100 | |
6th | AVA 2018, Brooklyn (United States), Series B | Blockchain platform for smart contracts and custom subnets | $368M | 71/100 | |
7th | Blockchain-based public network for decentralized applications | - | 70/100 | ||
8th | Chain 2014, San Francisco (United States), Acquired | Blockchain solutions empowering businesses to thrive in the Web3 era | $39.5M | 70/100 | |
9th |  Avalanche 2018, Tortola (United Kingdom), Funding Raised | Provider of smart contracts platform for decentralized application development | - | 69/100 | |
10th |  Celestia 2011, Vaduz (Liechtenstein), Series C | Blockchain-based modular consensus and data network | $204M | 68/100 | |
75th | Pharos Network 2024, Tortola (United Kingdom), Seed | Decentralized Layer-1 network platform | $8M | 50/100 |
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Pharos Network's Investments and acquisitions
Pharos Network has made no investments or acquisitions yet.
Reports related to Pharos Network
Here is the latest report on Pharos Network's sector:
News related to Pharos Network
Media has covered Pharos Network for a total of 2 events in the last 1 year, 1 of them has been about company updates.
•
Pharos Network and Circle Integrate USDC and CCTP for RealFi SettlementPR Newswire•Mar 29, 2026•Pharos Network, Circle
•
Pharos Closes $8M Seed Funding RoundFinSMEs•Nov 11, 2024•Pharos Network, Faction VC, Hack VC, SNZ and 8 others
•
L1 blockchain developer Pharos completes $8 million seed round led by Lightspeed Faction and Hack VCPANews•Nov 09, 2024•Pharos Network, Faction VC, Hack VC, SNZ and 9 others
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