# Flare Network: Information technology & services, British Virgin Islands

> Flare Network: Flare Network is a Layer-1 blockchain infrastructure company founded in 2019, headquartered in Dubai, UAE. Based in British Virgin Islands.

Source: https://millionrounds.com/startup/flare-network (Millionrounds; every figure on the page links to its filing or article)

British Virgin Islands · [Information technology & services startup](https://millionrounds.com/companies)

# Flare Network

Flare Network is a Layer-1 blockchain infrastructure company founded in 2019, headquartered in Dubai, UAE.

Funding reported Last round: Undisclosed round

Information technology & services British Virgin Islands

Company summary

- **Founded:** 2019 7 years old
- **Team:** 71 51 to 200 people
- **Funding reported:** 46.3M as listed, currency not stated
- **Last round:** Undisclosed round Feb 2024

How sure we are

- ✓ **Listed** We know it exists and what it does
- 2 **Funding reported** A company dataset reports a raise
- 3 **Observed** A filing or a dated announcement confirms a round

No round for Flare Network has been confirmed by a filing or an announcement yet, so nothing here counts toward an investor's record. [How we decide](https://millionrounds.com/methodology)

## About Flare Network

Flare Network is a Layer-1 blockchain infrastructure company founded in 2019, headquartered in Dubai, UAE.

It focuses on blockchain interoperability and decentralized data access, acting as a "universal translator" for various blockchain ecosystems, including Bitcoin, XRP, Litecoin, and Dogecoin. Flare operates as a decentralized entity governed by its native token holders, with a mission to enable trustless interoperability and data availability across blockchains. The network is built on an Ethereum Virtual Machine (EVM)-compatible architecture, allowing developers to create decentralized applications (dApps) using Solidity. Flare's core protocols include the State Connector, which verifies the state of external blockchains, and the Flare Time Series Oracle (FTSO), providing real-time data feeds. The native cryptocurrency, FLARE (FLR), is used for transaction fees, staking, and governance. Flare also offers cross-chain smart contract capabilities, decentralized data access, and secure bridging between different blockchain ecosystems, making it a valuable resource for developers and decentralized finance (DeFi) platforms.

## What company datasets say Flare Network raised

Funding, as reported

Reported in all **46.3M** in the source's currency

Rounds **4**

Last round **Undisclosed round**

Last round size **35M**

Last round date **Feb 2024**

Investors listed **20**

## On a portfolio page

Investors who name them

- [Borderless Capital](https://millionrounds.com/fund/borderless-capital)

Each firm lists Flare Network on its own website. That is the firm's claim, a weaker thing than a round we watched, but a named source.

## The company, in detail

What they build

Known for

cross-chain interoperability api staking flr events smart contracts defi computer & network security block explorer data acquisition protocols education information technology & services financial services finance data security flare community flarestake

Built with from their website

Google Maps Google Calendar Google Tag Manager LiteSpeed WordPress.org HREF Lang Phusion Passenger Atlassian PWA Google Cloud

+8 more

Font Awesome YouTube GitHub Google Workspace CloudFlare Viewport Meta Emotion dc.js

- **Sector:** Information technology & services
- **Industry code:** NAICS 51321, 511210, 518210, SIC 3571, 7372, 7374
- **Full record:** [Every detail in the company directory](https://millionrounds.com/directory/flare-network)

## Information technology & services in British Virgin Islands

Startups like it

- [**1inch Network** Road Town · founded 2020](https://millionrounds.com/startup/1inch-network)
- [**Pharos Network** Road Town · founded 2024](https://millionrounds.com/startup/pharos-network)
- [**Nibiru** Road Town · founded 2022](https://millionrounds.com/startup/nibiru-2)
- [**Dimitra Technology** Belize City · founded 2019](https://millionrounds.com/startup/dimitra-technology)
- [**Zeebu** founded 2023](https://millionrounds.com/startup/zeebu)
- [**Vitreus** Road Town · founded 2023](https://millionrounds.com/startup/vitreus)
- [**Bazaars** Road Town · founded 2022](https://millionrounds.com/startup/bazaars)
- [**CrossCurve** Road Town](https://millionrounds.com/startup/crosscurve)

## Is this your company?

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