Blockchain Project Initia Closes $14 Million Series A Funding Round, Valuing It at $350 Million
Blockchain project Initia closed a $14 million Series A funding round valuing the company at $350 million, The Block reports. The round was led by Theory Ventures with participation from Delphi Ventures and Hack VC, among others. Angel investors include Keone Hon of Monad Labs, Bryan Pellegrino of LayerZero Labs, etc. Initia is developing a Layer 1 blockchain and an “intertwined optimistic aggregation” platform to build a multi-chain system. Its test network has completed 125 million transactions, and the main network and tokens are expected to go live in the next two months.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Electra Therapeutics (ETRA.US) submits US IPO application, leveraging the biotech IPO boom to advance new drug development for immune diseases and cancer.
Electra Therapeutics Inc. has officially filed for an initial public offering (IPO), aiming to leverage the strong IPO performance of the biotechnology sector this year to raise funds for its clinical-stage pipeline of drugs targeting immune-mediated diseases and cancer.
Fogo Foundation Attacked, Approximately 400 Million FOGO Tokens Transferred
Blue Owl (OWL.US) teams up with PIMCO to tailor a $2.4 billion GPU financing for IREN (IREN.US)
A $2.4 billions debt financing round, led by funds under Blue Owl Capital Inc., has been finalized. The funds will be allocated to cloud service provider IREN Ltd. to purchase NVIDIA's Blackwell Ultra GPUs, supporting the development of its data center campus in Canada.
Crypto prices
More
