January 27, 2025
Blockchain interoperability protocol Analog has raised $5 million in a fresh funding round, pushing its fully diluted valuation to $300 million ahead of its upcoming token launch. The round saw participation from Foresight Ventures, Gate Ventures, BackerDAO, and Black Label Ventures, the venture capital arm of Black Label Media. Individual investors also joined the round, including Frax Finance founder Sam Kazemian and Black Label Media co-founders Molly Smith, Thad Luckinbill, and Trent Luckinbill. Analog began fundraising in November and finalized the round earlier this month, marking a 150% jump in valuation from its prior $120 million assessment.
With its focus on blockchain interoperability, Analog enables communication between networks without relying on external oracles or intermediaries. The protocol has already secured commitments from over 50 projects, including Rarible, Pixelport, Meson Network, Dmail, and StationX.
The company is also building Zenswap, a decentralized exchange aimed at facilitating cross-chain token swaps across networks such as TON, Solana, and Bitcoin. Analog currently employs 55 people and is actively hiring for engineering and marketing roles. The project's token is set to launch on February 6.
About Analog
Analog is a blockchain interoperability protocol designed to facilitate cross-chain transactions and data exchange. Utilizing a proof-of-time mechanism, it eliminates the need for third-party intermediaries, allowing developers to build secure and scalable decentralized applications.
Website: https://www.analog.one/
X: @OneAnalog
About Investors
Foresight Ventures
Foresight Ventures is a blockchain-focused investment firm supporting early-stage projects in Web3, decentralized finance, and digital asset infrastructure.
Location: Singapore
Gate Ventures
Gate Ventures is the venture arm of Gate.io, investing in blockchain startups that drive scalability, security, and decentralized application development.
Location: Singapore, Singapore
Website: https://www.gate.io/ventures
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