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Connext - Strategic
Overview
Funding Date
June 14, 2023
Financing amount
$7.5M
Valuation
$250M
Category
Subcategory
About Connext - Strategic
Connext, a blockchain interoperability startup, raised $7.5 million in a strategic funding round at a valuation of $250 million.
Polychain Capital, Coinbase Ventures, NGC Ventures, Ethereal Ventures, Polygon Ventures, IOSG Ventures, Fenbushi Capital, KXVC, A_capital, No Limit Holdings, 1k(x), #Hashed, Factor, Scalar Capital and Dokia Capital participated in the round.
Connext intends to use the capital to create the Connext Foundation, which will finance projects aimed at expanding the firm's scale, community-led initiatives and other strategies that bolster growth.
Investors
| Investors | Type | Location | Year Founded | #Portfolio Companies | Email Address | Socials |
|---|---|---|---|---|---|---|
| Fund | United States of America | 2016 | 163 | [email protected] | ||
| Fund | United States of America | 2018 | 311 | -- | ||
| Fund | Singapore | 2017 | 197 | [email protected] | ||
| Fund | United States of America | -- | 39 | -- | ||
| Corporate | United States of America | 2017 | 136 | -- | ||
| Fund | Hong Kong | 2017 | 107 | [email protected] | ||
| Fund | China | 2015 | 106 | [email protected] | ||
| Corporate | Thailand | -- | 4 | -- | ||
| Fund | United States of America | 2014 | 28 | [email protected] | ||
| Corporate | Unknown | -- | 20 | -- |
Founders & Team
Arjun Bhuptani
Layne Haber
Rahul Sethuram
Company Profile / Project Introduction
Connext is undergoing a rebrand to become Everclear as part of a strategic pivot. Everclear is the new foundation of the chain abstraction stack, integrating with intent protocols, solver networks, modular blockchains, and dApps to enable the most efficient transaction settlement at the best possible price.
Connext is a network for fast, trustless communication between chains and rollups. It is the only interoperability system of its type that does this cheaply and quickly without introducing any new trust assumptions. Connext is aimed at developers who are looking to build bridges and other natively cross-chain applications. To date, over $1.5b in transactions have crossed the network.