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      Berachain's Logo

      Berachain - Series A

      Overview Investors Founders Company Profile / Project Introduction

      Overview

      Funding Date

      April 20, 2023

      Financing amount

      $42M

      Valuation

      $420.69M

      Category

      DeFi Infrastructure

      Subcategory

      Layer 1 Liquidity

      About Berachain - Series A

      Berachain, a layer 1 blockchain focused on decentralized finance (DeFi), disclosed Thursday (4/20) its $42 million Series A at a valuation of $420.69 million. The fundraise, finalized in December, was led by Polychain Capital and included investors Hack VC, dao5, Tribe Capital, Shima Capital, CitizenX and Robot Ventures, as well as several undisclosed centralized crypto exchanges.

      Investors

      InvestorsTypeLocationYear Founded#Portfolio CompaniesEmail AddressSocials
      Fund United States of America 2016 164 [email protected]
      Fund United States of America 2017 79 [email protected]
      Fund United States of America 2022 38 --
      Fund United States of America 2018 49 [email protected]
      Fund United States of America -- 181 --
      Fund United States of America 2021 16 --
      Fund United States of America 2019 117 [email protected]

      Founders & Team

      Smokey the Bera's Logo

      Smokey the Bera

      Homme Bera's Logo

      Homme Bera

      Company Profile / Project Introduction

      Berachain is an EVM-compatible layer one blockchain, built using the Cosmos SDK, and secured by the novel Proof-of-Liquidity Consensus Protocol. The project aims to allow users to stake tokens while providing liquidity to DeFi protocols in parallel.

      Berachain has a tri-token system of bera (the native gas token), honey (a native stablecoin) and BGT (the "non-transferrable" Bera Governance Token). Users who stake bera or "other permissioned tokens" will earn BGT over time, allowing them to "capture honey generated by the underlying chain architecture as a reward for their participation in governance" .

      Berachain is the pseudonymous co-founders' second project, after the NFT project Bong Bears, a collection of "100 absolutely zooted NFT bears getting baked." 

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      *Fundraising Announcement: Click here