August 06, 2024
Khalani announced the completion of a $2.5 million seed funding round, led by Ethereal Ventures with contributions from Nascent and Figment Capital. This funding will enable Khalani to expand their team, advance research and engineering efforts, and move towards full-scale production.
Project | Latest Raise | Latest Raise Date | Stage | Lead Investor | Category |
|---|---|---|---|---|---|
Khalani | $2.5M | August 06, 2024 | Seed Round | Ethereal Ventures | Web3 |
Min Teo, Managing Partner at Ethereal Ventures, expressed excitement about supporting Khalani's pioneering work in intent-based architectures and their vision for a collaborative solver network. By allowing users to express their intents more freely, Khalani aims to create more flexible, unified, and user-centric on-chain interactions.
Notable angel investors in this round include Arthur Hayes through his family office Maelstrom, Jan Xie (Nervos Network), Nick White (Celestia), Zaki Manian (Sommelier), Adrian Brink (Anoma), Shuyao Kong (MegaETH), Arjun Bhuptani (Everclear), Yuki Yuminaga (Sorella Labs), and Connor Howe (Enso).
About Khalani
Khalani Network is a decentralized infrastructure designed for intent-driven applications. It serves as an open and permissionless platform that enables developers to create and collaborate on expressive, always-on solving capacities. By focusing on intent-based architectures, Khalani aims to facilitate more flexible and user-centric on-chain interactions. The platform supports a collaborative solver network, allowing users to express their intents freely and efficiently
Website: https://khalani.network/
About Investor
Investor: Ethereal Ventures
Ethereal Ventures is a venture capital firm that invests in early-stage companies within the cryptocurrency sector. Founded in 2021, the firm is dedicated to supporting luminary founders and permissionless networks that drive a paradigm shift towards sovereignty, ownership, and access for communities globally. Ethereal Ventures partners with global teams at the earliest stages of their journey, providing the necessary resources and support to help them succeed
Location: Road Town, British Virgin Islands
Website: https://www.etherealventures.com/
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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