Crypto Startup Founded by Ex-Meta Employees Raises $200 Million
- Aptos, a blockchain venture, is a valued at over $1 billion
- The company was founded after Meta’s crypto dreams crashed
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Aptos Inc. is the latest crypto effort to spring from the dashed dreams of Diem, the abandoned digital currency project of Meta Platforms Inc. Founded just four months ago, Aptos on Tuesday said it had raised $200 million at a valuation of more than $1 billion.
The blockchain startup’s financing included some big names in crypto. Andreessen Horowitz led the funding round, which also included Tiger Global, Multicoin Capital and Three Arrows Capital. The venture arms of crypto exchanges FTX and Coinbase Global Inc. also participated, as did the new crypto fund launched by Katie Haun, the former general partner and crypto investing lead at Andreessen Horowitz.