Glad to have participated in Particle Network's $15M Series A Round.
The Spartan Group and gumi Cryptos Capital led the round, including participation from Animoca Brands, SevenX Ventures, HashKey Capital, and others. The project's total funding is now $25M.
Particle Network is a modular layer-1 and flagship innovation is a central coordinating mechanism for Universal Accounts, unifying all chains and abstracting Web3 complexities. This enables users to have one account and balance to use across all blockchains.
Since May '22, the team has achieved notable traction:
- Integrated 900+ dApps, securing over $2B of user assets
- Reaching over 17M users and 10M transactions via their Account Abstraction stack
- Reached 114M transactions & 1.3M Universal Accounts in its L1 testnet
The funds raised will continue to allow the team to spread its vision of chain abstraction and simplifying user & developer experiences. Going forward, the team is working on its phase 2 testnet and launching the Particle token $PARTI.
Read more: ➡️ here
