Monad is excited to announce the successful completion of a $225 million fundraising round, led by Paradigm, Monad previously raised $19 million in funding led by Dragonfly Capital following a $9 million pre-seed round in May 2022 and a $10 million seed round in December 2022.. This significant milestone provides Monad with the resources necessary to continue scaling its team and drive the project toward production.
Monad’s funding round saw participation from a range of prominent institutional investors, including Electric Capital, Castle Island Ventures, Greenoaks, eGirl Capital, Rebirth Ventures, Amber Group, Animoca Ventures, Archetype, Bankless Ventures, Big Brain Holdings, Bodhi Ventures, Breed, Caladan, CMS Holdings, Coinbase Ventures, CoinFund, DBA, Edessa Capital, Figment Capital, Flow Traders, Galaxy, GSR Ventures, Hailstone Labs, Hermeneutic Investments, HTX Ventures, IOSG Ventures, Lightspeed Faction, Makers Fund, Manifold Trading, Merit Circle, Mirana Ventures, Nascent, Presto Labs, Robot Ventures, SevenX Ventures, Shoe on Ventures, Superscrypt, Tess Ventures, Wintermute Ventures, and others.
This funding enables Monad to accelerate its efforts in bringing high-performance, Ethereum-compatible blockchain technology to the forefront, fostering innovation within the Web3 ecosystem. With the support of these key investors, Monad is poised for a transformative impact on the future of decentralized applications.
