Crypto’s Berachain Says Funding Round Increases to $100 Million
- The platform positions itself as a community-driven blockchain
- Funds will be used to expand international footprint
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Berachain, the blockchain platform started by pseudonymous founders who use bear-themed nicknames, secured $100 million in funding, or about 45% higher than previously reported.
Brevan Howard Digital’s Abu Dhabi branch and Framework Ventures co-led the Series B funding round, which also included Polychain Capital, Hack VC and Tribe Capital, among other participants, according to a statement Friday. Investors backed Berachain through a “SAFT” or a simple agreement for future tokens. Last month, Bloomberg said that Berachain was raising more than $69 million at a valuation of at least $1 billion. The firm declined to provide a revised valuation.