# Based

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/based

- Industry: Internet
- Headquarters: Los Angeles, US
- Website: www.getbased.com
- Total disclosed funding: $0.3M
- Latest round: Seed (Oct 15, 2010)
- Investors on record: 1

## About

Based in California, US, and founded in 2021 by CEO Adam Lurie and COO Niel Robertson, Based previously known as NFTco Inc., operates as a developer of a platform for messaging and communication in web3 and can conduct buying and selling non-fungible tokens (NFTs). In August 2022, Based raised USD 3.5 million in pre-seed funding led by returning investors Progression Fund, with participation from Collab+Currency Management, LLC, GFR Fund, Hannah Grey, and Palm Tree Crew Investments.

Based allows users to surface NFT material from their friends and communities to distribute across smaller token-gated groups and private conversations.  The company offers messaging and notifications for NFT friends. In addition, the firm provides clients to upload, dig, and share non-fungible tokens (NFTs) and their details with customized price ranges through their wallets. As of 2023, the company offers mobile applications on the Apple Store and desktop applications for users to get access to the platform.

## Funding rounds

- Seed, Oct 15, 2010, $0.3M — Y Combinator

## Investors

- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Seed