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IBC infrastructure Polymer Labs completed US$23 million in Series A financing, led by Blockchain Capital and others

IBC infrastructure Polymer Labs completed US$23 million in Series A financing, led by Blockchain Capital and others

CointimeCointime2024/01/24 00:44
By:Cointime

On January 23rd that IBC infrastructure Polymer Labs completed a $23 million Series A financing round. The round was led by Blockchain Capital, Maven 11, and Distributed Global, with participation from Coinbase Ventures, Placeholder, Digital Money Group, North Island Ventures, and Figment Capital, among others.

The new funding will enable Polymer Labs to ensure that the interoperability layer connecting all blockchains remains neutral, open, modular, and permissionless throughout the ecosystem.

As previously reported by BlockBeats, on March 3, 2022, IBC infrastructure Polymer Labs announced the completion of a $3.6 million seed round of financing, led by Distributed Global and North Island Ventures, with follow-on investments from Digital Currency Group, Coinbase Ventures, Tendermint, Advanced Blockchain AG, The LAO, Taureon, Wintermute Trading, Longhash Ventures, Signum, and UOB Venture Management.

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