Blockstack was founded in 2013 by Muneeb Ali and Ryan Shea.<ref name=":0">{{Cite web|url=https://www.forbes.com/sites/stevenehrlich/2019/07/16/blockstack-prepares-for-its-true-test-following-sec-approval-to-raise-28-million-on-a-blockchain/|title=Blockstack Prepares For Its True Test Following SEC Approval To Raise $28 Million On A Blockchain|last=Ehrlich|first=Steven|website=Forbes|language=en|access-date=2019-10-06}}</ref><ref>{{Cite web|url=https://www.wsj.com/articles/sec-clears-blockstack-to-hold-first-regulated-token-offering-11562794848|title=SEC Clears Blockstack to Hold First Regulated Token Offering|last=Vigna|first=Paul|website=WSJ|language=en-US|access-date=2019-10-06}}</ref> The company is headquartered in [[New York City|New York]].
From 2017 to 2019 the platform raised around $75 million through a mix of venture capital and token sales.<ref>{{Cite web|url=https://www.coindesk.com/this-file-sharing-dapp-shows-how-blockstack-and-ethereum-are-different|title=This Dapp Shows How Blockstack and Ethereum Are Different|last=Cuen|first=Leigh|date=2019-09-24|website=CoinDesk|language=en-US|access-date=2019-10-06}}</ref><ref>{{Cite web|url=https://venturebeat.com/2017/12/04/blockstack-raises-52-million-to-build-a-parallel-internet-where-you-own-all-your-data/|title=Blockstack raises $52 million to build a parallel internet where you own all your data|date=2017-12-04|website=VentureBeat|language=en-US|access-date=2019-10-06}}</ref> In September 2019, the platform became the first company to conduct a registered initial offering with cryptocurrency tokens that is compliant to [[U.S. Securities and Exchange Commission|U.S. SEC]] Regulation A+.<ref name=":0" /><ref>{{Cite web|url=https://finance.yahoo.com/news/reg-successes-required-extensive-revision-215131153.html|title=Reg A+ successes have required ‘extensive revision’ and some trade-offs with the SEC|website=finance.yahoo.com|language=en-US|access-date=2019-10-06}}</ref>
The companies that invested in Blockstack include [[Union Square Ventures]], [[Lux Capital]], [[Recruit Holdings]], [[Arlington Capital Partners|Arrington Capital]], [[Frontier Ventures]], and others.<ref>{{Cite web|url=https://finance.yahoo.com/news/blockstack-concludes-first-reg-token-231141605.html|title=Blockstack concludes first Reg A+ token offering with $15.5M|website=finance.yahoo.com|language=en-US|access-date=2019-10-06}}</ref>
