Berachain, a key player in blockchain technology development, has recently secured $100 million in Series B funding. The investment round was co-led by Framework Ventures and the Abu Dhabi arm of Brevan Howard Digital, with participation from multiple top-tier investment entities.
The list includes Polychain Capital, Samsung Next, Hack VC, and Hashkey Capital, with angel investors such as Sandeep Nailwal, co-founder of Polygon, and Yat Siu, Chairman of Animoca Brands.
The influx of capital will enable Berachain to expand its operations across various regions including Hong Kong, Singapore, Southeast Asia, Latin America, and Africa. The company aims to leverage its proven testnet capabilities, which have impressively processed over 100 million transactions. Funding for this round was procured through a simple agreement for future tokens (SAFT).
Following a successful $42 million funding in April 2023, the continued investment underscores strong market confidence in Berachain’s advanced blockchain solutions. The company utilizes a distinct “proof of liquidity” consensus mechanism to streamline the verification of on-chain asset liquidity, bolstering security and efficiency within its ecosystem.
Also Read: Berachain Hits Unicorn Status with $69 Million Funding Round
