January 24, 2025
Printr, a platform focused on enabling the launch of memecoins across multiple blockchain networks, has closed a $2.5 million pre-seed funding round. The funding round, which represents the firm’s total raise to date, included backing from a range of notable investors, such as Sfermion, Draper Dragon, Bitscale, Hermeneutic, Sui Foundation, Axelar Foundation, and Flow Foundation.
The platform facilitates the creation of memecoins on chains including Ethereum, Solana, Sui, BNB, and Base, utilizing Axelar’s interoperability features to consolidate liquidity. Printr intends to allocate the pre-seed funding towards expanding its team and advancing the development of its product. This move comes amid a growing demand for platforms that streamline the creation of memecoins across various ecosystems.
The memecoin market has experienced significant growth, with platforms like Pump.fun contributing to the acceleration of token launches. Solana, in particular, has seen a substantial increase in its total value locked over the past year, largely driven by a surge in memecoin activity. Printr’s approach aims to provide broader access to token creation across multiple chains, which the company views as a critical element in expanding crypto's accessibility.
About Printr
Printr is a platform that allows users to create and launch memecoins across a variety of blockchain networks, including Ethereum, Solana, Sui, BNB, and Base. By leveraging interoperability through Axelar, Printr aims to simplify the token launch process and make it accessible to a wider audience. The platform is designed to support both individual users and developers looking to deploy tokens with ease.
Website: https://printr.money/
X: @printrgobrrr
About Investor
Sfermion
Sfermion is a venture capital firm that focuses on investments within the blockchain and cryptocurrency sectors. The firm aims to support projects that contribute to the growth of digital assets and emerging technologies.
Location: Chicago, Illinois
Website: https://www.seam.so/sfermion
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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