Xion, a Layer-1 blockchain designed for consumer adoption, has successfully raised $25 million in a Series A funding round. The round saw participation from a range of investors including Animoca Brands, Multicoin Capital, Golden Tree, The Spartan Group, Laser Digital, Mechanism Capital, Sfermion, Arrington Capital, Draper Dragon, Figment, Vessel VC, Morningstar Ventures, MH Ventures, and others. The firm announced that the additional funds would be used to continue making cryptocurrency accessible to everyone, everywhere. Xion is focused on abstracting away the complexities of web3 and empowering developers with their infrastructure solutions. The company is also in the process of launching its mainnet and is collaborating with the right partners to lay the foundation for this initiative.
Web3 infrastructure firm Xion secures $25 million in funding https://t.co/U1bnpO2FOk
XION RAISES $25 MILLION TO “MAKE CRYPTO DISAPPEAR” - INVESTMENT FROM ANIMOCA, MH VENTURES, MULTICOIN, AND OTHERS “We’re in the process of launching mainnet and are bringing together the right partners to set the groundwork.” - @burnt_xion has just now announced an additional… https://t.co/aF7RRKoTpt https://t.co/yPpFp3LOVd
Another stellar team raising capital to double down on their mission! Congrats to the @burnt_xion team on the raise! We are honored to be a part of it. XION is abstracting away web3 complexities and empowering devs with their infrastructure solution. Read more 👉 https://t.co/UKyB1NmNVx
❗️@Burnt_XION has closed a $25M Series A funding round Investors in this round include Animoca Brands, Laser Digital, Multicoin, Arrington Capital, Morningstar Ventures, Draper Dragon, Sfermion & GoldenTree among others. 👉 https://t.co/iXSHgJJROl https://t.co/Dg0MHYlq8k
🚨JUST IN: @BURNT_XION ANNOUNCES $25 MILLION FUNDING ROUND WITH PARTICIPATION FROM @MH_VENTURES, @ANIMOCABRANDS AND OTHERS
Layer-1 blockchain built for consumer adoption @burnt_xion raised $25M in a Series A funding round from @animocabrands, @multicoincap, Golden Tree, @TheSpartanGroup, @LaserDigital_, @MechanismCap, @Sfermion_, @Arrington_Cap, @draperdragon, @Figment_io, @VesselVC, @Morningstar_vc,… https://t.co/dHN0gNt6V9
XION has raised an additional $25M to continue making crypto accessible to everyone, everywhere. https://t.co/JkEIiuEkzA