June 25, 2024
Conduit, a company specializing in crypto infrastructure, has successfully garnered $37 million in its most recent round of funding. This financial boost is intended to aid in the creation of innovative services and products based on blockchain technology.
Project | Latest Raise | Latest Raise Date | Stage | Lead Investor | Category |
|---|---|---|---|---|---|
Conduit | $37M | June 25, 2024 | Series A | Paradigm, Haun Ventures | Infrastructure |
The Series A funding round was jointly spearheaded by Haun Ventures and Paradigm, and saw contributions from a variety of participants including Robot Ventures, Credibly Neutral, Coinbase Ventures, and Bankless Ventures. Several individual investors also added to the capital raised.
With the newly acquired funds, Conduit intends to launch products that enable developers to construct their own dependable and adaptable rollups. This could potentially pave the way for the emergence of new applications for distributed-ledger technology.
About Conduit
Conduit is a crypto infrastructure company that offers a Rollups-as-a-Service (RaaS) platform. Their mission is to make blockspace as abundant as standard compute today. They allow users to deploy fully-managed, production-grade rollups on Ethereum with just a few clicks, and no code is required.
Their services include the deployment of testnets and mainnets, with each deployment including a block explorer, bridge, transaction tracer, high-availability sequencers, and autoscaling RPCs. They also offer security monitoring and support for various stacks and technologies in development.
Website: https://www.conduit.xyz/
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About Investor
Investor: Manta Network
The Series A funding round was jointly spearheaded by Haun Ventures and Paradigm, and saw contributions from a variety of participants including Robot Ventures, Credibly Neutral, Coinbase Ventures, and Bankless Ventures. Several individual investors also added to the capital raised
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A central focus of investor activity in the cryptocurrency space is the evaluation of new crypto projects to invest in, particularly those with huge potential. This blog provides insight into what new ventures are benefiting from venture capital support (VC funding in crypto). These new crypto projects, funded by professional investors, can dictate the next narrative in crypto and the next big crypto movers.
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