# Fare Protocol

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/fare-protocol

- Industry: Internet
- Headquarters: US
- Website: www.fareprotocol.io
- Total disclosed funding: $6.2M
- Latest round: Seed (May 1, 2023)
- Investors on record: 10

## About

Based in the US, Fare Protocol is a decentralized application (dApp) that allows users to mine tokens with the help of blockchain technologies.

Based in the US, Fare Protocol operates as a blockchain company that offers cryptocurrency solutions. In May 2023, Fare Protocol raised USD 6.2 million in seed funding co-led by C Squared Ventures, 6th Man Ventures, Arrington Capital, and Dweb3 Capital.

Fare Protocol provides an Ethereum Layer 2 Arbitrum, which is a blockchain-based crypto platform that enables users to mine FARE tokens (a deflationary token) with the help of FARE smart contracts. The company offers decentralized applications that are built on the FARE ecosystem, including FARE tokens and FARE contracts that help users download the applications on the Fareplay and testnet.

## Funding rounds

- Seed, May 1, 2023, $6.2M — Eniac Ventures, C Squared Ventures, Arrington Capital, Spark Digital Capital, Goat Capital, Quantstamp, Inc., Morningstar Ventures, 6th Man Ventures, Republic Crypto, Dweb3 Capital

## Investors

- Eniac Ventures (https://capitalatlas.ai/funds/eniac-ventures) — Seed
- C Squared Ventures — Seed
- Arrington Capital — Seed
- Spark Digital Capital — Seed
- Goat Capital (https://capitalatlas.ai/funds/goat-capital) — Seed
- Quantstamp, Inc. — Seed
- Morningstar Ventures (https://capitalatlas.ai/funds/morningstar-ventures) — Seed
- 6th Man Ventures (https://capitalatlas.ai/funds/6th-man-ventures) — Seed
- Republic Crypto — Seed
- Dweb3 Capital (https://capitalatlas.ai/funds/dweb3-capital) — Seed