VC Fund Investments
Blockchain startup Shardeum raises $18.2 M
Shardeum, a layer-1 EVM-based shared blockchain startup, co-founded by Nischal Shetty, has raised USD 18.28 million (around INR 150 crore) from 60 investors. The participants in the funding round include Jane Street, Struck Crypto, The Spartan Group, Big Brain Holdings, DFG, Ghaf Capital Partners, Foresight Ventures. CoinGecko Ventures, Wemade, ZebPay, Jsquare, MH Ventures, Nestcoin, Veris Ventures, Tupix Capital, Mapleblock Capital and NetZero Capital also participated in the funding round. Angel investors participated in the round include Balaji Srinivasan, Mayur Gupta (CMO at Kraken), Michael Montero (co-founder, Resy), Pankaj Gupta (VP, Coinbase), Harsh Rajat (co-founder at Push Protocol), Nakul Gupta (Coinbase), Ajeet Khurana (founder, Reflexical), Ravi Adusumalli (Elevation Capital), Rohan Chauhan (Hudson River Trading), Ganesh Swami (co-founder at Covalent), Kashif Raza (founder at Bitinning). Shardeum is a smart contract platform that claims to offer improved scaling capability compared to other Layer-1 blockchains. Co-founded in 2017 by Omar Syed and Indian crypto exchange founder WazirX Co-founder Nischal Shetty, Shardeum will be launched in the first quarter of CY2023. The platform is running a test network and has 140,000 wallets.
Want to receive such news items in your inbox? Click Here to sign up for a trial.
