September 02, 2024
Pencils Protocol has reached a significant milestone with the successful completion of its latest fundraising round, achieving an impressive $80 million post-money valuation. This accomplishment is a testament to the strength of their vision, the dedication of their team, and the unwavering support of their community.
Project | Latest Raise Date | Lead Investor | Category |
|---|---|---|---|
Pencils Protocol | September 2, 2024 | DePIN X, Taisu Ventures, Black GM Capital and Bing Ventures | DeFi |
Pencils Protocol’s success in this fundraising round was made possible by the support of some of the most respected names in the crypto industry. Welcoming DePIN X, Taisu Ventures, Black GM Capital, and Bing Ventures as strategic investors.
The new valuation not only reflects their collective effort but also signifies the promise of future growth and innovation. With this achievement, Pencils Protocol is more committed than ever to advancing their mission, driven by the continued belief and support from their community.
About Pencils Protocol
Pencils Protocol is a platform designed to simplify decentralized finance (DeFi) on the Scroll network. It offers various services like token launches, yield farming, and vault strategies. The platform uses zero-knowledge technology to ensure privacy and security, making it easier for users to engage in DeFi activities with low fees and high efficiency.
Website: https://pencilsprotocol.io/
X Followers today: 258,132
X Followers 30 days ago: 218,718
X Change: 39,414 (+18.02%)
About Investor
DePIN X, Taisu Ventures, Black GM Capital, and Bing Ventures
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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