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Flare Network logo — Connect everything

Flare Network

Connect everything

Founded 2019 Virgin Islands (british) Virgin Islands (british) 77 employees Venture round Total: $46.30M Blockchain, Web3

General Information

Company Name Flare Network
Founded Year 2019
Location Virgin Islands (british) Virgin Islands (british)
Employees 77
Industries Blockchain, Web3
Funding Stage Venture round
Business Model Platform, API, B2B
Revenue Model Usage Based, Licensing, Service Fee
Social

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About Flare Network

Flare Network, founded in 2019, is pioneering solutions in the Blockchain and Web3 sectors. With its slogan "Connect everything," Flare introduces a novel blockchain underpinned by the first consensus protocol designed to incorporate external data. This innovation addresses the longstanding oracle problem by enabling decentralized applications to trustlessly interact with multiple blockchains and real-world data, thereby enhancing cross-chain functionality and Web3 integration.

Headquartered in the Virgin Islands (British), Flare Network's approach offers secure decentralized bridging and promotes asset and data fluidity across chains, which is pivotal for enhanced dApp utility. The company recently secured a $35.00M investment during a Venture Round on 23 February 2024, attracting investors like Kenetic Trading and Aves Lair, strengthening its position in the market as a valuable investment opportunity leveraging breakthrough technology.

Business keywords: consensus protocol, decentralized applications, oracle problem, cross-chain composability, decentralized finance (DeFi), decentralized bridges, smart contracts, interoperability, cryptocurrency, yield earning, real-world data integration, liquidity unification, Web3, blockchain data acquisition

Services & Products

Full-stack blockchain solutions
Data intensive applications
Price feed integration
Decentralized application (dApp) development
Stake and delegation services

Target Customers

Blockchain developers Cryptocurrency investors DeFi innovators Enterprise clients requiring blockchain solutions Community contributors and participants

Funding Rounds & Investors (4)

View All
Funding Stage Amount Investors Lead Investors Date
Venture Round $35.00M 2
Kenetic Trading Aves Lair
Kenetic Trading, Aves Lair
23 Feb 2024
Seed Round $11.30M 8
CoinFund Genesis Capital ZB Exchange
CoinFund, Genesis Capital +6
08 Jun 2021
Seed Round Undisclosed -
10 Nov 2020
Seed Round Undisclosed -
06 Nov 2019

Flare Network Alternatives & Competitors

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FAQ About Flare Network

Connect everything
Flare Network was founded in 2019.
Flare Network is headquartered in Virgin Islands (british).
Flare Network operates in Blockchain and Web3. Its work centres on consensus protocol, decentralized applications, oracle problem and cross-chain composability. Its customers include Blockchain developers, Cryptocurrency investors and DeFi innovators.
Flare Network has a Platform, API and B2B business model. Its revenue comes from Usage Based, Licensing and Service Fee.
Flare Network has approximately 77 employees.
Flare Network has completed 4 funding rounds, raising a total of $46.30M. The latest funding stage is Venture round.
Flare Network offers: Full-stack blockchain solutions, Data intensive applications, Price feed integration, Decentralized application (dApp) development, Stake and delegation services.
Top alternatives and competitors to Flare Network include Analog, portals.fi, InvArch, KIRA , Push Chain. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Flare Network and Analog are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for Flare Network, https://bouncewatch.com/company/flare-network, updated 31 March 2026. When citing, please name BounceWatch and link this page.

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