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Sources: Monad Labs In Talks To Raise Over $200 Million In Funding Led By Paradigm
Summary: Fortune magazine, citing people familiar with the matter, reported that Paradigm is negotiating to complete a financing round of more than $200 million, which values Monad Labs at $3 billion and will be led by Monad Labs. Paradigm said it would commit $150 million and has been reaching out to other investors since late 2023 ...
Fortune magazine, citing people familiar with the matter, reported that Paradigm is negotiating to complete a financing round of more than $200 million, which values Monad Labs at $3 billion and will be led by Monad Labs.
Paradigm said it would commit $150 million and has been reaching out to other investors since late 2023 to see if they would be interested in joining the round, people familiar with the matter said.
If completed, the more than $200 million round would be the largest cryptocurrency funding round so far in 2024, according to Crunchbase's Web3 Tracker data.
Tags: Fund,Monad Labs,Paradigm
Link: Sources: Monad Labs In Talks To Raise Over $200 Million In Funding Led By Paradigm [Copy]
