Blockchain project Initia completes $14 million Series A financing, valuing it at $350 million
2024-09-25 13:12:56
On September 25th, according to The Block, the blockchain project Initia completed a $14 million round of financing, valuing it at $350 million. This round of financing was led by Theory Ventures, with participation from Delphi Ventures and Hack VC. Angel investors include Keone Hon of Monad Labs and Bryan Pellegrino of LayerZero Labs. Initia is developing the Layer 1 blockchain and the "Interwoven Optimism Aggregate" platform to build a multi-chain system. Its testnet has completed 125 million transactions, and the mainnet and tokens are expected to go live in the next two months.
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