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Linera - Undisclosed
Overview
Funding Date
August 16, 2023
Financing amount
$6M
Valuation
--
Category
Subcategory
About Linera - Undisclosed
Linera closed a new $6 million funding round led by venture capital fund Borderless Capital. Linera will be using the new funding for expanding the team, launching a devnet and a testnet for the protocol and fostering a strategic presence in the APAC region while continuing to grow their developer academy. The investors in the new round include Laser Digital Ventures (Nomura), Flow Traders and Eterna Capital. A16z crypto led the company's initial seed round last year alongside Tribe Capital.
Investors
| Investors | Type | Location | Year Founded | #Portfolio Companies | Email Address | Socials |
|---|---|---|---|---|---|---|
| Fund | United States of America | 2018 | 97 | [email protected] | ||
| Fund | Unknown | -- | 29 | -- | ||
| Corporate | United States of America | 2004 | 28 | [email protected] | ||
| Fund | United Kingdom | 2018 | 20 | [email protected] |
Founders & Team
Mathieu Baudet
Company Profile / Project Introduction
Linera is a layer-1 blockchain attempting to tackle scalability issues using "microchains". The firm is founded by a former Meta Novi engineer Mathieu Baudet. They are looking to bring similar expansion capabilities of Web2 into Web3 apps by allowing an unlimited number of smaller user chains.