Praxis

Praxis

Digital nation and city-building platform

Overview

Praxis is building a digital nation by establishing a new city in the Mediterranean that would house about 10,000 residents. It creates a parallel society with its own culture, institutions, and infrastructure, supported by a network of companies and contributors. The project aims to develop a self-contained economy inside this digital nation and is expected to generate revenue from real estate sales in the planned city, among other activities. The approach differentiates itself by combining city-building, governance, and business networks into one ecosystem, rather than offering a single product or service. Its goal is to enable a community to coexist and collaborate on shared governance, infrastructure, and commerce, effectively creating a new social and economic order.

About Praxis

Simplify's Rating
Why Praxis is rated
C+
Rated C on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Social Impact

Real Estate

Company Size

11-50

Company Stage

Growth Equity (Venture Capital)

Total Funding

$544.2M

Headquarters

New York City, New York

Founded

2019

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Simplify's Take

What believers are saying

  • Praxis announced a September 22, 2026 Uruguay launch and plans $1 billion investment.
  • +Colonia construction is already underway, with first residents expected in mid-2027.
  • Praxis says 2,700 members already committed, giving early demand before sales begin.

What critics are saying

  • The September 22, 2026 +Colonia deal is largely nonbinding; execution slips threaten credibility.
  • Praxis still depends on converting online enthusiasm into land purchases before first-half 2027.
  • A Western-centric utopian pitch keeps drawing skepticism, limiting talent and resident conversion.

What makes Praxis unique

  • Praxis blends digital membership with physical city-building, turning community into land demand.
  • Dryden Brown’s network nation branding attracts 150,000 members and high-signal founders.
  • The September 22, 2026 Uruguay deal gives Praxis a concrete, visible build site.

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Funding

Total Funding

$544.2M

Above

Industry Average

Funded Over

3 Rounds

Growth Equity VC funding comparison data is currently unavailable. We're working to provide this information soon!
Growth Equity VC Funding Comparison
Coming Soon

Benefits

Medical, dental, & vision insurance

Monthly wellness stipend

Relocation support

Growth & Insights and Company News

Headcount

6 month growth

↑ 7%

1 year growth

↓ -6%

2 year growth

↑ 7%
End Time Headlines
Sep 22nd, 2026
Tech utopians plan to build futuristic city in Uruguay.

Tech utopians plan to build futuristic city in Uruguay. Sep 22, 2026 The New York-based, crypto-backed "digital nation" Praxis says it has ended a years-long hunt for a place to build a city of the future - and chosen the riverbanks of Uruguay. "The world tour has concluded: We've chosen Uruguay," Dryden Brown, Praxis's chief executive, said in an interview. "It's the coolest thing ever." Praxis surveyed the Mediterranean and found it too close to active wars. It considered buying Greenland and met public resistance. Now it has signed a deal to nest its community inside +Colonia, a start-up city an Argentine company is raising near Colonia del Sacramento. Construction of apartment buildings is already under way. Brown, 30, a former professional surfer who left his last job at 23, has pledged to build a new civilization and to revive Western culture. He has drawn skepticism and controversy for a musclebound, Western-centric vision of society. +Colonia is led by Eduardo Bastitta, an entrepreneur whom Argentine President Javier Milei named as an adviser. The agreement is largely nonbinding. Whether the promise becomes brick and mortar remains an open question. Praxis is to start acquiring land inside the +Colonia site - a barren stretch of dunes about an hour by ferry from Buenos Aires - by the end of next year. Brown said he plans to move to Uruguay as soon as December, which is "going to be awesome." More members of the community, which has existed mostly online and at New York parties where people wore dog tags reading "meet me in the eternal city," are expected in the first buildings next year. "Having, like, an actual place is, like, really, really fire," Brown said. After a world tour that never quite landed, the digital nation now has a river, a dune and a date on the calendar. Whether Uruguay becomes the eternal city - or another stop that did not hold - will be measured in foundations, not slogans. Discover more Religious news updates Free news app End Time Headlines is a ministry founded, owned, and operated by Ricky Scaparo, established in 2010 to equip believers and inform discerning individuals about the "Signs and Seasons" of the times in which End Time Headlines live. Ricky authors original articles and curates news from mainstream sources, carefully selecting topics, verifying information, and utilizing artificial intelligence tools to ensure content is both timely and accurate. Every piece is personally reviewed and edited by Ricky to align with the ministry's mission of providing a prophetic perspective on current events.

The Block
Oct 15th, 2024
'Network State' project Praxis secures $525 million to build crypto-friendly city

New investors include Arch Lending, GEM Digital, Manifold Trading, and angels like Farcaster CEO Dan Romero.

Technical.ly
Apr 15th, 2024
Philly’S Big Q4: The Region Saw $1B In Vc Investment Last Quarter Alone

Philadelphia’s venture capital market finished 2024 strong, setting the region up for positive trends in the new year.Companies in the Philadelphia region raised just over $1 billion across 103 deals in Q4 of last year, and one company’s raise contributed half of that, according to the latest Venture Monitor report, released quarterly by PitchBook and the National Venture Capital Association. Philly’s annual total for 2024 was $3.29 billion over 440 deals, compared to $2.42 billion over 500 deals in 2023.Overall, Philadelphia’s venture market is coming into its own, with investors focused on supporting strong companies and a variety of industries represented in the ecosystem. These attributes signal strength that investors think will lead to a positive 2025, they told Technical.ly. An increase in capital invested despite lower deal count signals that investors are focused on “quality over quantity,” Howard Lubert, area president of angel investor network Keiretsu Forum Mid-Atlantic, said. “Investors are becoming more selective, focusing on fewer but higher-value deals,” Lubert said. “This reflects cautious optimism, especially given the economic conditions of the past few years.” The first three quarters of this year suggested that the market was leveling out after investments took a big dip in 2023. That changed in Q4, with a higher amount of capital invested, making for one of Philly’s best years for capital raised over the last decade.Nationally there has been reduced venture capital activity, meaning fewer deals have been done, despite raising more money, Dean Miller, president and CEO of the Philadelphia Alliance for Capital and Technologies told Technical.ly. Comparing these trends suggests that Philadelphia’s venture ecosystem is maturing after years of setting itself up as a destination for companies, Lubert said. Investors are less concerned about deal quantity and focus their energy on supporting scalable companies.“This can attract more institutional and national attention, positioning the region for sustained growth,” he said. Philly’s already experiencing it

CryptoNews
Mar 4th, 2022
Paradigm Electronics Inc. invests into Praxissociety in $15M

City-cryptostate project Praxis said it has raised USD 15m in a Series A funding round led by Paradigm to build a new city organized around the computer revolution that allows many to work from wherever they wish.

Cointelegraph
Mar 4th, 2022
Three Arrows Capital Pte Ltd invests into Praxissociety in $15M

Peter Thiel-backed city-building startup Praxis has raised $15 million in Series A funding from a variety of crypto venture firms led by Paradigm Capital, Sam Bankman-Fried's Alameda Research, and Three Arrows Capital.

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