Monad Labs raises $225 million in funding round led by Paradigm
Venture Capital
• April 9, 2024, 9:41AM EDT
• April 9, 2024, 9:41AM EDT
Published 1 minute earlier on
The Block
Monad
Monad
Quick Take
- Layer 1 blockchain developer Monad Labs has finalized a $225 million round led by Paradigm.
- Coinbase Ventures, Electric Capital and Greenoaks also participated in the round, among others.
Monad hits 10,000 TPS in testing as devnet goes live
Monad Labs, the developer behind the Ethereum-compatible Layer 1 blockchain Monad, has finalized a $225 million funding round led by investment firm Paradigm.
“We are thrilled to announce our $225 million fundraise,” Monad said. “This funding milestone gives us ample resources to continue scaling our team and to bring Monad to production.”
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© 2023 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
