# Substrate

**Source:** https://www.startuphub.ai/startups/substrate
**Profile type:** Startup

> A blockchain framework for building custom, upgradeable, and interoperable decentralized applications.

## About

Substrate is an open-source framework that provides a modular and flexible foundation for building blockchains. It enables developers to create custom, upgradeable, and interoperable decentralized applications and networks with greater ease and speed. Substrate is developed by Parity Technologies.

## Key facts

- **Slug:** substrate
- **Website:** https://substrate.io/
- **Location:** Berlin, Germany
- **Founded:** 2018-01-01
- **Operating status:** Inactive
- **Total funding:** $108M
- **Sectors / tags:** Blockchain, Decentralized Applications, Web3, API Platform, Developer Tools, Infrastructure
- **Social:**
  - Twitter: https://x.com/polkadot

## Frequently asked

### What does Substrate do?

Substrate is an open-source framework that provides a modular and flexible foundation for building blockchains. It enables developers to create custom, upgradeable, and interoperable decentralized applications and networks with greater ease and speed. Substrate is developed by Parity Technologies.

### What is Substrate's valuation?

StartupHub estimates Substrate's effective valuation at $397.4M (range $270.0M to $648.0M, 19% confidence), based on comparable companies in the sector.

### How much funding has Substrate raised?

Substrate has raised a total of $108M in funding.

### Where is Substrate headquartered?

Substrate is headquartered in Berlin, Germany.

### When was Substrate founded?

Substrate was founded in 2018.

### What industry does Substrate operate in?

Substrate operates in Blockchain, Decentralized Applications, Web3, API Platform, Developer Tools, Infrastructure.

### What is Substrate's current status?

Substrate's current operating status is: Inactive.

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