# PraxisSociety

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

- Industry: Construction
- Headquarters: San Francisco, US
- Website: www.praxissociety.com
- Total disclosed funding: $18M
- Latest round: Series A (Mar 3, 2022)
- Investors on record: 13

## About

PraxisSociety is a pioneering organization focused on establishing Network States, offering services designed to create a vibrant community committed to the advancement of Western Civilization.Founded in 2017 by Charlie Callinan, PraxisSociety operates from San Francisco, US. The company is known for its focus on creating a sovereign digital ecosystem. In December 2023, PraxisSociety raised USD 19 mn in venture funding from Paradigm Capital, marking a significant milestone in its funding journey. The company has completed a total of 3 deals to date.PraxisSociety provides a comprehensive suite of services and infrastructure within the realm of Network States, focusing on the development of a digital ecosystem that encompasses governance, economic structures, and cultural institutions. Central to its offerings is the Praxis Credits (PRAX), a digital currency that facilitates transactions and supports the management of property and contracts. Furthermore, PraxisSociety is involved in the establishment of Special Economic Zones aimed at fostering technological innovation and attracting talent.The revenue model of PraxisSociety is driven by community initiatives and crowdfunding, fostering the development of new cities and infrastructure. Revenue is generated through direct contributions from community members, partnerships with tech firms, and investments in projects aligned with its mission. The firm also engages members through a subscription-based structure and generates additional revenue through the sale of Praxis Credits (PRAX) and associated services.In December 2023, PraxisSociety secured USD 19 mn in funding to support its initiative of building a new Mediterranean city named Praxis. The company plans to leverage this funding to further develop its community-driven projects and enhance its operational infrastructure. PraxisSociety is also targeting expansion into new markets, focusing on regions with a keen interest in crypto technology and sovereign networks, although specific markets have not been disclosed.

## Funding rounds

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

## Investors

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