About Web 3.0 sector in Puerto Rico
The Web 3.0 sector in Puerto Rico comprises 23 companies, including 9 funded companies having collectively raised $58.2M in venture capital money and private equity. Out of these, 1 is Series A+ funded.
This sector includes companies that have websites and applications whose data are stored and interconnected in a decentralized way instead of storing in centralized repositories owned and operated by a single corporate/company.
Companies that are providing infrastructure for blockchain and smart contracts developments. The feed also includes companies that are providing decentralized web 3.0 applications for enterprises, the entertainment industry, individuals, or decentralized web 3.0 applications offering financial services for individuals or businesses. The feed exclude companies that are providing Web 2.0 and Web 1.0 applications, and blockchain/crypto-based financial services which are owned and operated by a corporate or a central authority.
Top Web 3.0 Companies in Puerto Rico
There are 23 Web 3.0 startups in Puerto Rico which include Ready Player DAO, Intuition, Arival, Eden Network, NFT.com. Out of these, 9 startups are funded, with 1 having secured Series A+ funding.
Over the past 10 years, an average of 2 new companies have been launched annually. Notably, several of these startups have been founded by alumni of University of California (Berkeley).
Here is the list of top Web 3.0 startups in Puerto Rico
Provider of an online gaming platform for playing PC games. The company offers Play-to-earn (P2E) platform to play metaverse games, which are decentralized and permissionless, challenging players.
Key facts about Ready Player DAO
- Founded Year: 2021
- Location: San Juan (Puerto Rico)
- Stage: Series A
- Total Funding till date: $10.2M
- Investors: TCG Ventures, Sterling VC and 19 Others
- Latest Funding Round: Series A, Apr 05, 2022, $*****
- Tracxn Score: 56/100 What is this?
- Competitors Rank: 10 of 1,641 Competitors
2. Intuition
Cloud-based platform offering knowledge management solutions for DAOs. It provides blockchain-enabled knowledge management software for stacking technologies, making graphs, managing decentralised data, and more. It also offers business solutions to jurisdictions, government bodies, and the private sector.
Key facts about Intuition
- Founded Year: 2022
- Location: San Juan (Puerto Rico)
- Stage: Seed
- Total Funding till date: $4M
- Investors: Superscrypt, Matrixport Ventures and 7 Others
- Latest Funding Round: Seed, Jun 15, 2023, $*****
- Tracxn Score: 36/100 What is this?
- Competitors Rank: 310 of 2,292 Competitors
3. Arival
Developer of the digital bank for businesses. It provides digital banking services for underbanked businesses including startups and digital SMEs. Its services include checking accounts, virtual cards for online or offline purchases, bill payments, cross-border money transfers, and more. It features crypto transactions and foreign exchange services.
Key facts about Arival
- Founded Year: 2017
- Location: San Juan (Puerto Rico)
- Stage: Seed
- Total Funding till date: $4.22M
- Investors: Polyvalent Capital, Love Capital and 5 Others
- Latest Funding Round: Seed, Jun 26, 2020, $*****
- Tracxn Score: 34/100 What is this?
- Competitors Rank: 1 of 1 Competitors
4. Eden Network
Smart contract-enabled open market platform for prioritizing block space on Ethereum. It features Slot Tenants for determining continual auction, Staked Eden for prioritizing stakers, and more. It also provides a priority transaction network that protects Ethereum traders from malicious MEV and arbitrary reordering.
Key facts about Eden Network
- Founded Year: 2021
- Location: San Juan (Puerto Rico)
- Stage: Seed
- Total Funding till date: $17.4M
- Investors: Multicoin Capital, GSR Ventures and 7 Others
- Latest Funding Round: Seed, Sep 08, 2021, $*****
- Tracxn Score: 33/100 What is this?
- Competitors Rank: 58 of 436 Competitors
5. NFT.com
Online platform for collection trade and display of NFTs. It provides a marketplace for facilitating the buying and selling of NFT collectibles. Its features include personalized NFT galleries which form the foundation for a decentralized web3 social network, creating NFT Profiles to display collections, promoting NFT issuance, and more.
Key facts about NFT.com
- Founded Year: 1995
- Location: San Juan (Puerto Rico)
- Stage: Unfunded
- Tracxn Score: 33/100 What is this?
- Competitors Rank: 117 of 1,949 Competitors
Companies founded year-on-year in the Web 3.0 sector in Puerto Rico
8 Web 3.0 startups in Puerto Rico were founded in 2022 - this is the most number of startups founded in any year in the last 10 years.
- Total Number of Companies
Year | No. of companies |
|---|---|
2026 | - |
2025 | - |
2024 | - |
2023 | - |
2022 | 8 |
2021 | 8 |
2020 | 1 |
2019 | - |
2018 | 1 |
2017 | 2 |
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Funding Trends in the Web 3.0 sector in Puerto Rico
Total funding year-on-year in the Web 3.0 sector in Puerto Rico
The Web 3.0 sector in Puerto Rico saw a total funding of more than $58.2M in the last 10 years. The most amount of funding was in 2018 at more than $17.4M.
- Total Funding
Year | Total Funding |
|---|---|
2023 | $4M |
2022 | $15.2M |
2021 | $17.4M |
2020 | $1.98M |
2019 | $2.24M |
2018 | $17.4M |
Recent Funding Rounds in Web 3.0 in Puerto Rico
In the year 2023, till June 2023, Web 3.0 companies in Puerto Rico have raised $4M in equity funding across 1 round.
In the same period last year (i.e. till April 2022), Web 3.0 companies in Puerto Rico had raised $12.2M across 2 rounds.
So, 2023 has seen a 67.21% drop in funding in Web 3.0 companies in Puerto Rico as compared to 2022.
Here are some recent, important funding rounds in Web 3.0 companies in Puerto Rico:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Seed | 7608 | Jun 15, 2023 | and 6 more | |
Seed | 4205 | Nov 2022 | and 1 more | |
Seed | 8514 | Oct 21, 2022 | and 2 more | |
Series A | 4187 | Apr 05, 2022 | and 16 more | |
Seed | 3221 | Mar 24, 2022 | and 7 more |
Top Investors in Web 3.0 in Puerto Rico
Pantera Capital is the top investor in Web 3.0 companies in Puerto Rico based on number of companies invested.
Here are some top investors in Web 3.0 companies in Puerto Rico:
Investor | Location | Top Portfolio Companies |
|---|---|---|
Menlo Park (United States) | - | |
San Juan (Puerto Rico) | - | |
San Juan (Puerto Rico) | - | |
Austin (United States) | - | |
San Juan (Puerto Rico) | - |
Top News in Web 3.0 in Puerto Rico
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NFT.com Announces Key Engineering and Business Development HiresGlobeNewswire•Oct 28, 2022•NFT.com, Immutable Holdings, BlockFi
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DLA Piper advises Fabric Ventures on USD7 million investment into "Petaverse Network"DLA Piper•Mar 03, 2022•Petaverse, Fabric Ventures, TinyRebelGames, Animoca Brands and 16 others
