Tech Company Financing Transactions
Particle Network Funding Round
gumi Cryptos Capital, The Spartan Group and Flow Traders participated in a $15 million Series A funding round for Particle Network. The funding round was announced on 6/20/2024.
Transaction Overview
Company Name
Announced On
6/20/2024
Transaction Type
Venture Equity
Amount
$15,000,000
Round
Series A
Investors
gumi Cryptos Capital (Lead Investor)
The Spartan Group (Lead Investor)
Proceeds Purpose
With fresh funding in place, Particle looks to expand its current team of over 30 people to more than 40, Wang said, adding that the project is hiring for roles in the engineering and operations functions.
Company Information
Company Status
Private & Independent
Industry
Blockchain
Mailing Address
100 Jalan Sultan, Sultan Plaza 05-27
Singapore, 199001
Singapore
Singapore, 199001
Singapore
Phone
Undisclosed
Website
Email Address
Overview
Particle Network is addressing Web3's fragmentation of users and liquidity through its Universal Accounts. Particle's chain abstraction is powered by a Cosmos SDK L1 blockchain enabling the experience of a single account, balance, and address that can be used across all chains, enabling users to interact with any dApp and pay gas with any token.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Pengyu Wang
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We do our best to document every notable VC transaction. VC investment data records on this site are sourced from news reports and company announcements. The data is sourced from VentureDeal.com, an affiliated venture.
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