VC Fund Investments
Web3 startup EPNS raises $10.1 M from Tiger Global, Polygon Studios, others
Indian Web3 startup Ethereum Push Notification Service (EPNS) has raised USD 10.1 million in its Series A funding round led by Jump Crypto with participation from Tiger Global, ParaFi, A.Capital, Sino Global Capital, Polygon Studios, Harmony Foundation, Wintermute, Zee Prime Capital, Woodstock Ventures, DCX Ventures, Alpha Wave Capital, Zebpay, TRGC and iSeedVC. The round also saw investments from individual investors Andrew Keys of DARMA Capital, David Silverman of Aave Companies, Ajit Tripathi, Mateo a Levy, Kane Warwick, Jordan Momtazi and Justin Moses of Synthetix, Aniket Jindal of Biconomy, Anton Bukov of 1inch, Sahil Dewan of Harmony, Jerome de Tychey of Cometh and Ethereum France, Sam of Journal du Coin. EPNS is building a communication protocol for Web3 platforms that allows users to send and receive push notifications on Ethereum. EPNS had earlier raised USD 11.42 million. The latest round is at an “average†valuation of USD 131 million - based on the market cap of EPNS' token $Push. The Series A round comes with either a 9 to 12 months cliff for each investor along with 24 months to 30 months vesting.
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