September 14, 2024
ORE, an on-chain mining project on the Solana blockchain, has secured $3 million in a new funding round. This round was led by Foundation Capital, with contributions from Colosseum, Solana Ventures, B+J Studios, Dead King Society, Third Kind Venture Capital (3KVC), and several angel investors. The funds will be used to enhance Ore’s user mining experience and increase liquidity in the markets for Ore and tokenized real-world assets (RWAs), as stated in the announcement.
Project | Latest Raise | Latest Raise Date | Lead Investor | Category |
|---|---|---|---|---|
ORE | $3M | September 14, 2024 | Foundation Capital | FinTech |
About ORE
Ore is an on-chain mining project built on the Solana blockchain. It allows users to mine ORE tokens directly from their browsers using their computing resources. To get started, users need a Solana wallet and some SOL to cover transaction fees. Ore aims to optimize the mining experience and increase liquidity for both ORE tokens and tokenized real-world assets (RWAs).
Website: https://ore.supply/
About Investor
Investor: Foundation Capital
Foundation Capital is a venture capital firm that invests in early-stage startups across various sectors, including fintech, enterprise, and crypto. Founded in 1995, the firm focuses on high-conviction, high-ownership investments, supporting innovative entrepreneurs who aim to disrupt traditional industries. Foundation Capital provides not only financial backing but also strategic guidance to help startups grow and succeed.
Location: Palo Alto, CA
Website: https://foundationcapital.com/
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