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Shardeum - Strategic
Overview
Funding Date
July 7, 2023
Financing amount
$5.4M
Valuation
$248M
Category
Subcategory
About Shardeum - Strategic
Shardeum, a Layer 1 blockchain deploying dynamic state sharding, completed a strategic funding round for $5.4 million.
The firm intends to use the funds to bolster its ecosystem as it prepares to launch its mainnet by the end of 2023. Participants in the round include Amber Group, Galxe, J17 Capital, TRGC, Jsquare, Bware Labs, Tané Labs, Hyperithm Group and Luganodes. The firm's most up-to-date valuation is $248 million.
Investors
| Investors | Type | Location | Year Founded | #Portfolio Companies | Email Address | Socials |
|---|---|---|---|---|---|---|
| Fund | Hong Kong | 2017 | 72 | [email protected] | ||
| Corporate | Unknown | -- | 9 | -- | ||
| Fund | Canada | -- | 7 | -- | ||
| Fund | Netherlands | 2018 | 25 | [email protected] | ||
| Fund | -- | 2021 | 32 | -- | ||
| Corporate | Romania | -- | 3 | -- | ||
| Fund | Emirate of Dubai | 2022 | 6 | -- | ||
| Fund | Japan | -- | 21 | -- | ||
| Corporate | Switzerland | 2022 | 1 | -- |
Founders & Team
Nischal Shetty
Omar Syed
Company Profile / Project Introduction
Shardeum is the world's first layer 1 blockchain that solves the scalability trilemma. Shardeum is an EVM-based, linearly scalable smart contract platform that provides low gas fees forever while maintaining true decentralization and solid security. The network aims to onboard billions of daily users and numerous dApps to Web 3.0 in the future. Shardeum's smart contract platforms are deployed in developer and user-friendly programming languages - Solidity & Vyper.