Basis

About

Basis is a price-stable cryptocurrency with an algorithmic central bank.

Hoboken,New Jersey,United States
1 - 10
http://www.basis.io

Highlights

Details

Last Funding Type: Seed
Industries: Cryptocurrency,Financial Services,FinTech
Founded date: Jan 1, 2017
Number Of Employee: 1 - 10
Operating Status: Close
Legal Name: Intangible Labs, Inc.
Also Known As: Intangible Labs,Basecoin

Basis protocol is designed to expand and contract supply similarly to the way central banks buy and sell fiscal debt to stabilize purchasing power. For this reason, we refer to Basis as having an algorithmic central bank.

Funding Rounds

Number of Funding Rounds

Total Funding Amount

4

$133M

Basis has raised a total of $133M in funding over 2 rounds. Their latest funding was raised on Apr 18, 2018 from a Initial Coin Offering round.

Announced Date	Round	Money Raised	Number of Investors	Lead Investors	Post Valuation
Apr 18, 2018	Initial Coin Offering	$133M	29	—	—	Detail
Feb 21, 2018	Seed	—	5	—	—	Detail
Oct 16, 2017	Initial Coin Offering	—	6	—	—	Detail
May 5, 2017	Seed	—	2	—	—	Detail

Investors

Number of Lead Investors

Number of Investors

—

39

Basis is funded by 39 investors. Fabric Ventures and Digital Currency Group are the most recent investors.

Investor Name	Lead Investor	Funding Round
Fabric Ventures	—	Initial Coin Offering
Digital Currency Group	—	Initial Coin Offering
Polychain	—	Initial Coin Offering
1confirmation	—	Initial Coin Offering
Andreessen Horowitz	—	Initial Coin Offering
Bain Capital Ventures	—	Initial Coin Offering
Ceyuan Ventures	—	Initial Coin Offering
Foundation Capital	—	Initial Coin Offering
Fresco Capital	—	Initial Coin Offering
GV	—	Initial Coin Offering