Basis
Company

Last deal

$133M

Amount

Initial Coin Offering

Stage

18.04.2018

Date

3

all rounds

$133M

Total amount

date founded

Financing round

General

About Company
Basis is a cryptocurrency platform solving price stability by using blockchain-based monetary policy.

Industry

Sector :

Subsector :

Keywords :

Also Known As

Intangible Labs, Basecoin

founded date

01.01.2017

Operating Status

Closed (01.12.2018)

Number of employees

Company Type

For Profit

Last funding type

Initial Coin Offering

IPO status

Private

Description

Basis offers a price-stable cryptocurrency that combines the benefits of traditional cryptocurrencies with a built-in algorithmic central bank. It keeps the price of each token pegged to a stable asset, such as the USD in the short run or a basket of goods in the long run. The company was founded in 2017 and is based in Hoboken, New Jersey.
Contacts

Contact Email

Social url

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Number of Funding Rounds

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Money Raised

Their latest funding was raised on 18.04.2018. Their latest investor Thoobik Holdings. Their latest round Initial Coin Offering

Date 
Funding Round 
Investors 
Money Raised 
Lead 
18.04.2018
14
$133M
21.02.2018
16.10.2017
3
Co-Investors
Investors
18
0

Number of lead investors

18

Number of investors

Investor 
Lead 
Round 
Partners 
No
Initial Coin Offering
No
Initial Coin Offering
No
Initial Coin Offering

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People

Founders
3
Josh Chen
Josh Chen

Josh Chen

current job

Opal
Opal

organization founded

2

Josh Chen

Lawrence Diao
Lawrence Diao

Lawrence Diao

Lawrence Diao is co-founder of Basecoin, a decentralized, price-stable cryptocurrency with an algorithmic central bank, a project backed by Andreessen Horowitz, Bain Capital Ventures, PolyChain Capital, Pantera Capital, Digital Currency Group, 1confirmation, and MetaStable Capital. Lawrence has significant software engineering experience, having worked in Google Search and Google Ads and interned at Google Research (where he co-invented 3 patents), Sift Science, and NASA. Lawrence also has a background in finance as a former quant dev at Radix Trading, a Chicago-based proprietary high-frequency trading firm, and as an intern at D. E. Shaw & Co. in Institutional Asset Management. Lawrence graduated summa cum laude in Computer Science from Princeton with a certificate in Statistics and Machine Learning.

current job

Dragonfly Capital Partners
Dragonfly Capital Partners

organization founded

1

Lawrence Diao

Nader Al-Naji
Nader Al-Naji

Nader Al-Naji

Nader is founder and CEO of Basecoin, a new price-stable cryptocurrency with an algorithmic central bank. The Basecoin project is backed by a16z, Bain, PolyChain, Pantera, DCG, Meta Stable, and 1confirmation. Nader has a background in finance having worked in high-frequency trading at D. E. Shaw, and a background in traditional software engineering having worked on Google Search. Nader studied computer science engineering and applied math at Princeton, where he graduated summa cum laude.

current job

Basis
Basis

count Of Investments

3

Nader Al-Naji

Employee Profiles
8
Stefan Cohen

Stefan Cohen

Investor

Brian Freyburger

Brian Freyburger

CTO

Lucas Chua

Lucas Chua

Investor

Dionne Gordon

Dionne Gordon

Chief of Staff

Susan Sidd

Susan Sidd

General Counsel

Josh Chen

Josh Chen

Co-Founder

Lawrence Diao

Lawrence Diao

Co-Founder

Nader Al-Naji

Nader Al-Naji

CEO & Co-Founder

Activity

Recent News
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