# Praxis

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/praxis-2

- Industry: IT Infrastructure
- Headquarters: Wilmington, US
- Website: www.praxisnation.com/
- Total disclosed funding: $18M
- Latest round: Series A (Mar 3, 2022)
- Investors on record: 16

## About

Praxis is a US-based entity focused on creating Network States through innovative infrastructure, institutions, and cultural initiatives aimed at restoring Western Civilization. The company engages directly with communities to foster growth and development.Founded in 2020, Praxis operates from Wilmington, US, and is committed to building a supportive network for its community, the Praxians. The company has conducted a total of 4 deals, with its most recent funding round taking place on October 16, 2024, where it raised USD 525.00 mn. The latest round saw investments from Arch, GEM Digital Limited, and Manifold Trading. Dryden Brown is the Founder and CEO of Praxis, overseeing its strategic direction and growth.Praxis operates as a pioneering entity in the creation of Network States, focusing on the development of infrastructure, institutions, and culture that contribute to its vision of restoring Western Civilization. The company’s core offerings include the establishment of parallel education, media, and health institutions tailored for its community, known as Praxians, who are committed to the Praxian way of life. Additionally, Praxis is actively engaged in a crowdfunding initiative aimed at building a new city, underscoring its commitment to fostering technological advancements and economic growth. The target end users of Praxis’s services range from technologists and innovators to individuals seeking alignment with the company’s values of virtue and wisdom. This initiative primarily serves clients and community members across diverse geographical markets, including North America, Europe, and Asia, where a growing interest in decentralized governance and crypto infrastructure is evident.Praxis is positioned to generate revenue through various channels, with a significant focus on community-driven crowdfunding and institutional partnerships. Transactions within the firm are facilitated through membership pledges and contributions from individuals seeking to become part of the Praxian Nation. The company’s revenue model includes direct support for initiatives such as the development of the new city and associated projects that enhance economic and security strength. Clients engage with Praxis by investing in flagship offerings that promote the Praxian way of life, leveraging their commitment to build a cohesive community. Specific pricing plans for membership or contribution levels have not been disclosed, but varying tiers of engagement are likely to be presented to accommodate diverse investor profiles and community involvement.In October 2024, Praxis raised USD 525.00 mn in venture funding from new investors Arch Lending, GEM Digital, and Manifold Trading, which will be utilized to support the development of new projects and initiatives. The company aims to design and launch new products focusing on enhancing community engagement and technological infrastructure. Furthermore, Praxis plans to expand into new geographical regions, specifically targeting additional markets in Europe and Asia by 2025, to further disseminate its vision and offerings.

## Funding rounds

- Series A, Mar 3, 2022, $14M — Three Arrows Capital, Winklevoss Capital, Alumni Ventures Group, Bedrock, Day One Ventures, Nomo Ventures, Contrary, Robot Ventures, Pronomos Capital, Alameda Research, Paradigm, Sofreh Capital LP, Animal Capital, Apollo Projects, Uncommon Capital, Split Capital
- Seed, Nov 30, 2021, $4.2M — Winklevoss Capital, Alumni Ventures Group, Bedrock, Day One Ventures, Nomo Ventures, Contrary, Pronomos Capital, Sofreh Capital LP, Animal Capital, Uncommon Capital, Split Capital

## Investors

- Winklevoss Capital (https://capitalatlas.ai/funds/winklevoss-capital) — Seed, Series A
- Alumni Ventures Group (https://capitalatlas.ai/funds/alumni-ventures-group) — Seed, Series A
- Bedrock (https://capitalatlas.ai/funds/bedrock) — Seed, Series A
- Day One Ventures (https://capitalatlas.ai/funds/day-one-ventures) — Seed, Series A
- Nomo Ventures (https://capitalatlas.ai/funds/nomo-ventures) — Seed, Series A
- Contrary (https://capitalatlas.ai/funds/contrary) — Seed, Series A
- Pronomos Capital (https://capitalatlas.ai/funds/pronomos-capital) — Seed, Series A
- Sofreh Capital LP — Seed, Series A
- Animal Capital (https://capitalatlas.ai/funds/animal-capital) — Seed, Series A
- Uncommon Capital (https://capitalatlas.ai/funds/uncommon-capital) — Seed, Series A
- Split Capital — Seed, Series A
- Three Arrows Capital — Series A
- Robot Ventures (https://capitalatlas.ai/funds/robot-ventures) — Series A
- Alameda Research — Series A
- Paradigm (https://capitalatlas.ai/funds/paradigm) — Series A
- Apollo Projects (https://capitalatlas.ai/funds/apollo-projects) — Series A