Thesis - About the company
Thesis is a series A company based in San Mateo (United States), founded in 2010 by Corbin Pon and Brian Mahoney. It operates as a Developer of decentralized software protocols and bitcoin native financial systems. Thesis has raised $49.7M in funding from investors like Paradigmcap, Pantera Capital and ParaFi. The company has 5 active competitors, including 2 that are funded. Its top competitors include companies like SocialGood, Easycoins and Rewards Cane.
Company Details
Developer of decentralized software protocols and bitcoin native financial systems. This venture studio designs and maintains open infrastructure for blockchain applications. Activities include the development of tokenized asset bridges, reward accumulation platforms, and various decentralized finance tools. Technical operations focus on cryptographic security, protocol engineering, and the creation of systems that enable the movement and utility of digital assets across networks.
- Website
- thesis.co
- Email ID
- *****@thesis.co
Key Metrics
Founded Year
2010
Location
San Mateo, United States
Stage
Series A
Total Funding
$49.7M in 3 rounds
Latest Funding Round
Investors
Ranked
1st among 5 active competitors
Employee Count
32 as on Sep 30, 2026
Similar Companies
Legal entities associated with Thesis
Thesis is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Reports |
|---|---|---|---|---|
Thesis, Inc. CIN: 46-0507396 , United States, Active | Dec 31, 2017 | - | - | - |
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Thesis's funding and investors
Thesis has raised a total funding of $49.7M over 3 rounds. Its first funding round was on Apr 03, 2020. Its latest funding round was a Series A round on Apr 09, 2024 for $*****. 7 investors participated in its latest round. Thesis has 15 institutional investors and 5 angel investors.
Here is the list of recent funding rounds of Thesis:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Apr 09, 2024 | 5157075 | Series A | 4502257 | 9786943 | 5870309 | 9560204 |
Jul 22, 2021 | 5878298 | Series A | 3916008 | 3107057 | 1709920 | |
Apr 03, 2020 | 6505646 | Series A | 4294480 | 6135813 |
View details of Thesis's funding rounds and investors
Thesis' founders and board of directors
Founder? Claim ProfileHere are the details of Thesis' key team members:
- Corbin Pon: Co-Founder of Thesis and founder of 2 other companies, Fold and Scholrly. Contact Info: 2 email addresses
- Brian Mahoney: Co-Founder of Thesis. Contact Info: 1 email address
- Matt Luongo: Founder of Thesis and founder of 1 other company. They are also an angel investor in 1 startup.
View details of Thesis's Founder profiles and Board Members
Thesis' employee count trend
Thesis has 32 employees as of Sep 26. Here is Thesis's employee count trend over the years:
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Thesis's Competitors and alternates
Top competitors of Thesis include SocialGood, Easycoins and Rewards Cane. Here is the list of Top 10 competitors of Thesis, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Thesis 2010, San Mateo (United States), Series A | Developer of decentralized software protocols and bitcoin native financial systems | $49.7M | 54/100 | |
2nd | SocialGood 2018, Chiyoda City (Japan), Series B | Provider of mobile applications facilitating cash back via crypto assets | $19.8M | 51/100 | |
3rd | Easycoins Kyrgyzstan, Unfunded | Provider of a browser extension that offers cryptocurrency cashback rewards | - | - | 24/100 |
4th | Rewards Cane 2021, Bengaluru (India), Unfunded | DeFi application for payments with a rewards and cashback system | - | - | 16/100 |
5th | ![]() Loyyal Connect Unfunded | Blockchain-based loyalty rewards platform that converts traditional loyalty points into a transferable digital token | - | - | 16/100 |
Looking for more details on Thesis's competitors? Click here to see the top ones
Thesis's Investments and acquisitions
Thesis has made 2 investments in Acre and Torram and acquired Lolli.Here is the list of these investments and acquisitions:
Date of Investment/Acquisition | Type | Company Name | Founded Year | Location |
|---|---|---|---|---|
Jul 02, 2025 | Acquisition | 2018 | New York City (United States) | |
Feb 20, 2025 | Investments | 2023 | San Francisco (United States) | |
Sep 04, 2024 | Investments | 2024 | Toronto (Canada) |
Reports related to Thesis
Here is the latest report on Thesis's sector:
News related to Thesis
•
Bitcoin Venture Studio Thesis Acquires Lolli Rewards Platform for BTC EcosystemBitcoin Ethereum News•Jul 02, 2025•Thesis, Lolli
•
Thesis*-Backed Fold Becomes First Bitcoin Financial Services Company to Go Public on NasdaqPR Newswire•Feb 21, 2025•Thesis, Fold
•
Bitcoin staking platform Acre raises $4 million at $90 million token valuationThe Block•Feb 20, 2025•Zero Acre Farms, Draper Dragon, Big Brain Holdings, Orange Polska and 12 others
•
Crypto Venture Studio Thesis Raises $21M and Plans to Launch New WalletBlockworks•Nov 14, 2024•Thesis, ParaFi, Fenbushi Capital
•
•
Mezo, Thesis' BitcoinFi Project, Completes $7.5M Strategic Round lead by Ledger Cathay FundPR Newswire•Jul 26, 2024•Thesis, Ledger, Mezo, ArkStream Capital and 5 others
•
Mezo raises $21m in Pantera-led funding roundcryptox.trade•Apr 14, 2024•Pantera Capital, Multicoin Capital, Hack VC, ParaFi and 10 others
•
Metro Atlanta cryptocurrency venture studio Thesis files $26.9M raiseThe Business Journals•Aug 13, 2021•Thesis, Andreessen Horowitz, Polychain, Draper and 4 others
•
Thesis, Developer of Keep Protocol, Acquires $7.7 Million in Funding via Round Led by Paradigm CapitalCrowdfund Insider•Apr 03, 2020•Thesis, Keep Network, Paradigmcap, Collaborative Fund and 1 other
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