When was Pharos Network founded?

Pharos Network was founded in 2024 and raised its 1st funding round within a year of its incorporation.

Where is Pharos Network located?

Pharos Network is headquartered in Tortola, United Kingdom.

Who is the current CEO of Pharos Network?

Wish Wu and Alex Zhang s of Pharos Network. Wish Wu has also founded 1 company.

Is Pharos Network a funded company?

Pharos Network is a funded company, having raised a total of $***** in its 1st and only funding round, a Seed round on Nov 09, 2024.

When was the latest funding round of Pharos Network?

Pharos Network's latest funding was a $***** Seed round on Nov 09, 2024, with participation from 9 investors.

Where does Pharos Network rank among its competitors?

Pharos Network ranks 256th amongst 1271 active competitors, of which 276 are funded. It stands 8th in terms of total funding among its competitors. The most recent competitor to raise funding was Pharos Network, which secured $8M in Nov, 2024.

Who are the top competitors of Pharos Network?

Pharos Network's top competitors include Solana, Aptos and NEAR. Among them, Pharos Network secured the most recent funding round in November, 2024.

Pharos Network - 2026 Company Profile, Team, Funding & Competitors

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 1271 active competitors, including 276 funded and 27 that have exited. Its top competitors include companies like Solana, Aptos 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
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Key Metrics

Founded Year

2024

Location

Tortola, United Kingdom

Stage

Seed

Total Funding

$8M in 1 round

Latest Funding Round

Seed, Nov 09, 2024, $*****

Investors

Hack VC & 10 more

Ranked

256^th among 1271 active competitors

Similar Companies

Solana & 1450 more

View Pharos Network's full profile

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 $*****. 9 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	7751779	Seed	8103222	1975132	3636977	4434039

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View details of Pharos Network's funding rounds and investors

The 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

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Top competitors of Pharos Network include Solana, Aptos and NEAR. Here is the list of Top 10 competitors of Pharos Network, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Solana 2010, San Francisco (United States), Series C	Blockchain-based infrastructure for transactions and counting	$374M	Andreessen Horowitz, Polychain & 93 others	79/100
2nd	Aptos 2021, Palo Alto (United States), Series D	Provider of protocols for building blockchain-based solutions	$350M	Andreessen Horowitz, Multicoin Capital & 31 others	78/100
3rd	NEAR 2017, Zug (Switzerland), Series D	Public blockchain network platform	$542M	Andreessen Horowitz, Electric Capital & 88 others	77/100
4th	Mysten Labs 2021, Palo Alto (United States), Series B	Blockchain platform offering Web3 infrastructure solutions	$336M	Andreessen Horowitz, FTX & 42 others	76/100
5th	AVA 2018, Brooklyn (United States), Series B	Blockchain-based public network for the financial industry	$368M	Andreessen Horowitz, R8 Capital & 22 others	75/100
6th	Ethereum 2013, Toronto (Canada), Series B	Blockchain-based public network for decentralized applications	-	DJ Yakisoba Capital Partners, KR1 & 108 others	70/100
7th	DFINITY 2014, Palo Alto (United States), Series C	Blockchain-based public network for building decentralized applications	$164M	Andreessen Horowitz, Polychain & 59 others	68/100
8th	Concordium 2018, Cham (Switzerland), Series B	Provider of blockchain-based regulatory compliance support platform	$15M	ARK36, Nakheel Capital & 15 others	68/100
9th	Avalanche 2018, Tortola (United Kingdom), Funding Raised	Provider of smart contracts platform for decentralized application development	-	GAINS Associates, Kernel Ventures & 39 others	68/100
10th	Neo 2014, Shanghai (China), Funding Raised	Blockchain-based infrastructure for the development of decentralized applications	-	Seedvc, Blockwall Management & 23 others	64/100
256th	Pharos Network 2024, Tortola (United Kingdom), Seed	Decentralized Layer-1 network platform	$8M	Hack VC, Faction VC & 9 others	48/100