Crypto Startup Solana Raises $314 Million to Develop Faster Blockchain
- Date: 09-Jun-2021
- Source: The Wall Street Journal
- Sector:Technology
- Country:Middle East
Crypto Startup Solana Raises $314 Million to Develop Faster Blockchain
Blockchain startup Solana Labs Inc. says it has raised $314 million of new funding to develop technology used in the fast-growing area of the cryptocurrency markets known as decentralized finance, or DeFi.
The funding round was led by Andreessen Horowitz, one of Silicon Valley's most prominent venture-capital firms, and Polychain Capital, a crypto hedge fund that also does VC-style investments.
In a nod to the engineering roots of Solana's founders, the precise amount raised in the funding round was $314,159,265—the mathematical constant pi multiplied by $100 million and rounded to the nearest dollar.
Select Sector 
Select Country 
