Phaver
Financials
Estimates*
EUR | 2019 | 2020 | 2021 | 2022 | 2023 |
---|---|---|---|---|---|
Revenues | <1m | - | - | <1m | 1.6m |
% growth | - | - | - | - | 124 % |
EBITDA | - | (<1m) | (<1m) | (<1m) | - |
% EBITDA margin | - | - | - | (44 %) | - |
Profit | - | (<1m) | (<1m) | (<1m) | - |
% profit margin | - | - | - | (66 %) | - |
R&D budget | - | <1m | - | - | - |
Source: Dealroom estimates
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
€350k | Seed | ||
€312k | Seed | ||
N/A | - | ||
N/A | Seed | ||
* |
| $7.0m | Seed |
Total Funding | €7.3m |
Related Content
Recent News about Phaver
EditPhaver.com is a pioneering startup operating in the digital social networking space. It aims to revolutionize the way we interact online by giving users control over their social graphs, rather than leaving it in the hands of corporations. This means that users can create and manage their own networks, with the help of advanced technologies like Lens Protocol and CyberConnect, among others.
Phaver's target market is the growing community of Web3 users, a term that refers to the next generation of internet services that are decentralized and powered by blockchain technology. This includes anyone interested in building their own social networks, as well as those who want to connect their Web3 collectibles, badges, and credentials to enhance their online credibility.
The company's business model is centered around a gamified reward system. Users can earn Phaver Points and future token rewards for their contributions to the platform. This system is designed to be resistant to farming, a practice where users exploit the system to earn rewards without making meaningful contributions.
Phaver also plans to monetize by offering unique perks to users who level up their credibility. This is likely to attract a wide range of users, from casual social media users to hardcore Web3 enthusiasts.
In terms of financial prospects, Phaver operates in a rapidly growing market. With over 250,000 users already, the potential for growth is significant. The company's focus on ethical social media practices, as outlined in their whitepaper, also positions it well in a market increasingly concerned with privacy and user control.
Keywords: Social Networking, User-Controlled, Web3, Blockchain, Lens Protocol, CyberConnect, Gamified Rewards, Phaver Points, Ethical Social Media, Decentralized Internet.