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Monad raised $225 million in a Series A funding round to expand its layer-1 platform.

Monad raised $225 million in a Series A funding round to expand its layer-1 platform.

08/12/24, 6:18 AM
Money raised
$225 million
Round Type
series a
Monad has successfully secured a total of $225 million in a Series A funding round, showcasing the growing investor interest in crypto infrastructure projects. The funding will be utilized to enhance their layer-1 platform as part of their growth strategy.

Company Info

Company
Monad
Additional Info
Monad is developing a parallel EVM with the promise to deliver a much more performant EVM, hitting 10,000 transactions per second in testing.