Decentralized messaging protocol XMTP completes $20 million Series B financing, led by a16z crypto and others
2025-07-17 13:09:30
Ephemera, the developer of decentralized messaging protocol XMTP, closed a $20 million Series B round led by Union Square Ventures, a16z crypto, and Lightspeed Faction, with participation from Coinbase Ventures, Offline Ventures, Sound Ventures, and Distributed Global. After this round of financing, Ephemera's equity valuation is $300 million, while the broader network covering the XMTP protocol that will issue the tokens is valued at $750 million.
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