Berachain, a significant contributor to blockchain technology advancements, has successfully raised $100 million in Series B financing. This funding round was jointly spearheaded by Framework Ventures and the digital branch of Abu Dhabi’s Brevan Howard, with contributions from numerous renowned investment firms.
We’re thrilled to announce our $100M Series B round, co-led by @BHDigitalAssets and @hiFramework
— Berachain 🐻⛓⚛️ (@berachain) April 12, 2024
With the influx of new capital, Berachain plans to broaden its reach to new regions such as Hong Kong, Singapore, Southeast Asia, Latin America, and Africa. The company’s proven capabilities in processing over 100 million transactions on its testnet will be utilized to drive this expansion. This funding round was successfully completed through the sale of simple agreements for future tokens (SAFT).
After securing a successful $42 million investment in April 2023, the subsequent funding round showcases robust market belief in Berachain’s innovative blockchain technologies. The business employs an unique “proof of liquidity” consensus mechanism to expedite the validation of on-chain asset fluidity, enhancing security and agility within its network.
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2024-04-12 20:36