Tech Company Financing Transactions
DoubleZero Foundation Funding Round
Dragonfly Capital, Multicoin Capital and Borderless Capital invested in a $28 million funding round for DoubleZero Foundation. The round closed on 3/6/2025.
Transaction Overview
Company Name
Announced On
3/6/2025
Transaction Type
Venture Equity
Amount
$28,000,000
Round
Undisclosed
Investors
Dragonfly Capital (Lead Investor)
Multicoin Capital (Lead Investor) (Kyle Samani)
Proceeds Purpose
The foundation plans to allocate the raised funds toward hiring personnel in key areas such as marketing, developer relations, and business development. This funding will also facilitate the network's transition from its testnet beta phase to a public mainnet anticipated later in the year.
Company Information
Company Status
Private & Independent
Industry
Blockchain
Mailing Address
Undisclosed
New York, NY Undisclosed
USA
New York, NY Undisclosed
USA
Phone
Undisclosed
Website
Email Address
Not Recorded
Overview
DoubleZero is a global fiber network for high performance distributed systems and blockchains, bringing high-performance networking and hardware acceleration to crypto. It's not a new L1 or L2, it's the world's first N1. Base layer network infrastructure for distributed systems. DoubleZero is creating the first dedicated physical infrastructure layer for blockchain communication, addressing the fundamental bottleneck that software alone cannot solve.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Co-Founder
Austin Federa
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