Anoma Foundation Targets $1 Billion Valuation Amid Crypto Funding Surge
Crypto infrastructure provider Anoma Foundation is seeking a $1 billion valuation through a new $40 million funding round.
According to a recent Bloomberg report, the Anoma Foundation, based in Zug, Switzerland, is in talks with investors to raise $40 million. Sources who requested anonymity due to the private nature of the discussions indicated that the negotiations are still in progress and that the terms may be subject to change.
The company specializes in intent-centric architecture for decentralized counterparty discovery, problem-solving, information flow control, and atomic multi-chain settlement. It manages the Namada blockchain and develops software designed for decentralized applications.
“We are still in active discussions and the details of the round have not yet been finalized,” said an Anoma spokesperson.
Crypto #infrastructure provider Anoma Foundation is seeking to raise $40 million at a $1 billion valuation. The company has already held discussions with potential investors. Negotiations are still ongoing, and details have not been finalized.#Crypto #DeFi #Anoma pic.twitter.com/utH9wNpjsa
— MetaverseHub (@Metaverse_Hub) July 30, 2024
Anoma secured $25 million in funding last year, with CMCC Global leading the round. Polychain Capital spearheaded previous funding efforts in 2020 and 2021. Additional investors include Coinbase Ventures, Maven 11, and Figment.
The report highlighted a steady increase in crypto venture capital investments this year. This rise is attributed to the recovery in the digital asset market and a more supportive U.S. political climate, particularly Donald Trump’s favorable stance on cryptocurrency.
Web3 startups raised nearly $1.9 billion in the first quarter of 2024, marking the first
