Dare Market closes a $2M pre-seed round led by Karatage with participation from Paper Ventures, Super Group, GSR, Tristan Thompson, Ansem, Sandra Leow, and other angels.
New York, October 30, 2025 - Dare Market , 'the most unhinged platform on the internet,' launches today with 50K users and 11M and growing impressions across X and TikTok. The opening of the platform follows the close of a $2M pre-seed round led by Karatage with participation from Paper Ventures, gaming giant Super Group, GSR, Tristan Thomson, Ansem, Sandra Leow (Kaito), Dan Eskow, and other angel investors.
"Dare Market is what happens when virality has skin in the game," said pro basketball player Tristan Thompson and Dare angel investor. "It's chaotic, yes-but in the most entertaining, human way possible."
Built on Solana, Dare Market is the world's first virtual dare economy-a social arena where anyone can post, accept, or fund dares with real-world payouts. What began as an experiment in human curiosity has quickly evolved into a cultural mirror: a feed where the internet's bravest, funniest, and most ambitious compete for bounties, attention, and virality.
The process is simple: anyone can post a dare with a bounty, challenging the public or a specific individual. Participants submit a verified image or video to prove they accomplished the dare. Winner(s) claims the bounty. Additionally, users can crowdfund dares through Fund-My-Dare , turning wild ideas into publicly backed and funded missions.
Already, the platform has spawned headline-worthy moments, including a viral sperm race challenge between comedian Jason Nash and TV personality Harry Jowsey, with the loser facing an IRL dare.
"Dare is the internet on steroids," said Isla Rose Perfito, Founder and CEO of Dare Market. "It offers the two things this generation wants most: money and fame. Now, anyone can post a dare or do a dare and get paid for it. For brands and creators, it's a live laboratory for cultural moments-proof-based entertainment where the audience isn't just watching, they're active participants."
"We're delighted to back Isla Rose's bold vision," said Danish Chaudhry, GP at Paper Ventures. "Under her leadership, the Dare Market team is bringing structure, real stakes, and a native economy to a universally understood concept like dares, creating a new kind of social economy. We expect Dare Market to empower creators and communities alike, and in the process become the next breakout SocialFi platform."
Would you Dare? Visit https://www.dare.market/
About Dare Market
Dare Market is a viral social network with dares and bounty rewards. Dare anyone on the internet to do (almost) anything. Yes, for real cash.
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Dare@melrosepr.com
