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      Across Protocol's Logo

      Across Protocol - Undisclosed

      Overview Investors Company Profile / Project Introduction

      Overview

      Funding Date

      November 24, 2022

      Financing amount

      $10M

      Valuation

      $200M

      Category

      Others

      Subcategory

      --

      About Across Protocol - Undisclosed

      Hack VC, Placeholder, and Blockchain Capital have invested $10MM in Across Protocol at a $200MM valuation using a Success Tokens design. 

      The three leading venture capital firms that specialize in web3 technology purchased 50MM Across Success Tokens from Risk Labs (the foundation that supports Across Protocol). Each success token matures on June 30, 2025 and returns 1 ACX (Across Protocol’s native token) along with the value of 1 call option on ACX struck at $0.50.

      Investors

      InvestorsTypeLocationYear Founded#Portfolio CompaniesEmail AddressSocials
      Fund United States of America 2017 79 [email protected]
      Fund United States of America 2017 43 --
      Fund United States of America 2013 75 [email protected]

      Company Profile / Project Introduction

      Across is an optimistic insured bridge that relies on a decentralized group of relayers to fulfill user deposit requests from EVM to EVM networks. Relayer funds are insured by liquidity providers in a single pool on Ethereum and refunds are processed via the UMA Optimistic Oracle.

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      *Fundraising Announcement: Click here