Cycle Network, a Platform Simplifying the Blockchain UX, raised a Strategic funding round by Manta Network, Summer Ventures, Vertex Ventures and others

September 04, 2024

The Manta Foundation has announced its strategic investment in Cycle Network, a successful applicant in their $50 million EcoFund. They join other investors like Manta Network, Summer Ventures, Vertex Ventures, Great South Gate, SuperChain Capital, Vertex Labs, and LiquidityTech. The foundation commends Cycle Network’s efforts and aims to support their continued success.

Project	Latest Raise Date	Stage	Category
Cycle Network	September 4, 2024	Strategic Round	Infrastructure, Layer 2

About Cycle Network

Cycle Network is a platform that aims to improve blockchain interoperability. It uses Omni Distributed Ledger Technology (ODLT) to allow different blockchains to communicate and share information seamlessly. This helps create a more unified and efficient Web3 experience for users and developers.

Website: https://www.cyclenetwork.io/

X: https://x.com/cyclenetwork_GO

About Investor

Manta Network, Summer Ventures, Vertex Ventures, Great South Gate, SuperChain Capital, Vertex Labs, LiquidityTech

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.