Focused on blockchain interoperability, Connext has raised $7.5M in a strategic funding round at a $250M valuation. The Block.
Investors include Polychain Capital, Coinbase Ventures, NGC Ventures, Ethereal Ventures, Polygon Ventures, IOSG Ventures, Fenbushi Capital, KXVC, a_capital, No Limit Holdings, 1k(x), #Hashed, Factor, Scalar Capital and Dokia Capital.
The team will use the raised funds to create the Connext Foundation to fund projects aimed at scaling up the project, community initiatives and other long-term growth strategies.
Connext talked about 20,000 users and processing more than 1.2 million transactions. The total amount of project financing is $23.5 million.
Recall that in March 2021, Connext raised $2.2 million in seed investment from Huobi and Polychain Capital. In July, 82 investors supported the project in a $12 million funding round.
In February 2023, Connext introduced the Amarok update. It will allow developers to create cross-chain applications.
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Cryplogger Newsletters: Keep your finger on the pulse of the bitcoin industry!
Focused on blockchain interoperability, Connext has raised $7.5M in a strategic funding round at a $250M valuation. The Block.
Investors include Polychain Capital, Coinbase Ventures, NGC Ventures, Ethereal Ventures, Polygon Ventures, IOSG Ventures, Fenbushi Capital, KXVC, a_capital, No Limit Holdings, 1k(x), #Hashed, Factor, Scalar Capital and Dokia Capital.
The team will use the raised funds to create the Connext Foundation to fund projects aimed at scaling up the project, community initiatives and other long-term growth strategies.
Connext talked about 20,000 users and processing more than 1.2 million transactions. The total amount of project financing is $23.5 million.
Recall that in March 2021, Connext raised $2.2 million in seed investment from Huobi and Polychain Capital. In July, 82 investors supported the project in a $12 million funding round.
In February 2023, Connext introduced the Amarok update. It will allow developers to create cross-chain applications.
Found a mistake in the text? Select it and press CTRL+ENTER
Cryplogger Newsletters: Keep your finger on the pulse of the bitcoin industry!