- Anoma Foundation, a provider of crypto infrastructure, is looking to raise $40 million in new capital and values the company at $1 billion.
The Anoma Foundation, situated in Zug, Switzerland, is reportedly in discussions with investors to fund $40 million, according to a recent Bloomberg story. The negotiations are still ongoing, and the parameters could alter, according to sources who asked to remain anonymous because the talks were private.
Anoma Foundations is looking for more funding
The company specializes in atomic multi-chain settlement, decentralized counterparty discovery, information flow control, and intent-centric design. It creates software for decentralized applications and oversees the Namada blockchain.
Anoma’s representative stated, “We are still in active discussions and the round’s details have not yet been finalized.”
Last year, Anoma raised $25 million in investment, with CMCC Global spearheading the round. In 2020 and 2021, Polychain Capital led the way in earlier funding initiatives. Figment, Maven 11, and Coinbase Ventures are among the other investors.
According to the research, venture capital investments in cryptocurrency have increased steadily this year. This increase is credited to the rebound in the digital asset market as well as the more favorable political environment in the United States, especially Donald Trump’s position on cryptocurrencies.
Investments in Crypto Venture Capital Resurrect
In the first quarter of 2024, Web3 startups raised around $1.9 billion, which represents the first quarterly increase in venture capital funding for cryptocurrency initiatives since 2021. Crunchbase data shows that this funding was obtained through 346 deals, which represents a 58% increase from the previous quarter.
The rise in investment can be ascribed to long-term investors that prioritize web3, as opposed to the hype-driven investors of the past few years. This rise provides an optimistic picture for the crypto industry despite the general decrease in venture capital interest.
April saw more over $1 billion in venture capital funding for cryptocurrency for the second month in a row, indicating ongoing investor enthusiasm. According to RootData, fundraising for 161 rounds totaled $1.02 billion this month, which is just less than the $1.09 billion funded during 186 rounds in March.
One of the most significant investments made in April was a $47 million funding round headed by BlackRock into Securitize, a company that tokenizes real-world assets. The $225 million obtained by Monad, a new layer-1 blockchain supported by Paradigm and Coinbase Ventures, was another noteworthy investment.
Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
