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Functionland Raises $1.1M In Seed Funding

Jan 25, 2022•over 3 years ago

Amount Raised

$1.1 Million

Round Type

seed

Toronto

Description

Functionland inc., builders of blockchain-attached storage and the Borg Protocol, announced an additional USD 1.1M in seed funding today. The round was oversubscribed by 40%, reflecting the significant and growing interest in the company's vision.

Company Information

Company

Functionland

Location

Toronto, Ontario, Canada

About

The company already enjoys a working relationship with Protocol Labs that benefits its Borg Protocol, which uses IPFS and Libp2p technologies to facilitate p2p network transactions. "There is significant global interest in Functionland's project, reflected in the fact that the company has attracted high-profile Web 3.0 investors from all over the world, including Outlier Ventures (UK); Protocol Labs (USA); Tenzor Capital (Russia); Pinnacle Venture (India); Contango Digital Assets (Canada); Meta One Capital (Canada); Delta Blockchain Fund (USA); Master Ventures (Hong-Kong); DoraHacks (China); MaxStealth (Australia); MKD Capital; NxGen xyz; Oddgems.