Tempo led a $25m funding round in Commonware.

Tempo, a purpose-built, layer 1 blockchain for payments, led a $25m funding round in Commonware, a crypto infrastructure startup building blockchain primitives, with participation from Stripe and Paradigm. “Usage and distribution is way more important than money as a startup. If we can short circuit that process and have a deep relationship, multi-year relationship, with a great team, instead of raising maybe a traditional round from a venture fund, that was the opportunity that Tempo presented,” Patrick O’Grady, Commonware Founder.