Tech Company Financing Transactions
Linera Blockchain Funding Round
On 8/16/2023, Linera Blockchain raised $6 million in financing from Borderless Capital, a16z crypto and ArkStream Capital.
Transaction Overview
Company Name
Announced On
8/16/2023
Transaction Type
Venture Equity
Amount
$6,000,000
Round
Undisclosed
Investors
Proceeds Purpose
The company intends to use the funds to expand team, launch a devnet and a testnet for the protocol and foster a strategic presence in the APAC region while continuing to grow their developer academy.
Company Information
Company Status
Private & Independent
Industry
Blockchain
Mailing Address
Undisclosed
San Francisco, CA Undisclosed
USA
San Francisco, CA Undisclosed
USA
Phone
Undisclosed
Website
Email Address
Overview
Linera is the first blockchain infrastructure optimized to provide web3 applications with unprecedented horizontal scaling, bringing the infinite scalability of Web2 to Web3. Founded by Mathieu Baudet, a former Meta/Novi engineer and researcher with a PhD in cryptographic protocols, Linera redefines blockchain scalability by pioneering microchains -- lightweight chains that operate in parallel within a common set of validators.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Mathieu Baudet
Chief Operating Officer
Bernadette Cay
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Where The Data Comes From
We do our best to report on funding rounds that are announced publicly. VC investment data records reported here come from news reports and company announcements. The information comes to us via our partnership with VentureDeal.com, an affiliated venture.
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