Announced
Financials
Sources
Tags
Completed
Minority
United States
Private
Domestic
Acquisition
Private Equity
cryptocurrencies
Friendly
Single Bidder
Venture Capital
Payments / Commerce
Synopsis
Andresseen Horowitz and Polychain Capital led a $314m funding round in Solana Labs, a technology company working to help advance the Solana ecosystem, with participation from CMS Holdings, Coinfund and ParaFi. The millions raised by Solana Labs will be used to create a venture investing arm, a trading desk dedicated to the Solana ecosystem, and support the development of new decentralized applications with the goal of drawing more people onto the blockchain and eventually reaching 1bn users.
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