August 22, 2024
Stork Network, a web3 oracle provider, has secured $4.7 million in seed funding. The funding round was led by Lightspeed Faction and Lattice, with additional contributions from CMS and Wintermute. The funds will be used to enhance their product offerings, especially Stork Perps.
Project | Latest Raise | Latest Raise Date | Stage | Lead Investor | Category |
|---|---|---|---|---|---|
Stork Network | $4.7M | August 22, 2024 | Seed Round | Lightspeed Faction | Web3 |
Stork Labs, the main contributor to Stork Network, aims to provide more accessible, cost-effective, and flexible on-chain data solutions for decentralized protocols. One of their key developments is The Open Data Market, which connects data publishers with protocols, decentralized applications, and other data consumers through a Composite Oracle Service. Stork Perps is their first product utilizing this service.
About Stork Network
Stork Network is a platform that provides decentralized, reliable, and unique data for developers and protocols. Their main product, the Open Data Market, connects data publishers with decentralized applications and other data consumers, making it easier and more cost-effective to access on-chain data.
Website: https://www.stork.network/
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About Investor
The funding round was led by Lightspeed Faction and Lattice, with additional contributions from CMS and Wintermute. The funds will be used to enhance their product offerings, especially Stork Perps.
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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