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Upbit/Dunamu'S Blockchain Firm Lambda256 Raises $60M In Series B Funding

Dec 16, 2021•almost 4 years ago

Amount Raised

$60 Million

Round Type

series b

Description

Lambda256, the blockchain arm of Korea's leading fintech firm Dunamu, announced today it has secured $60 million (70 billion KRW) in a Series B round that values the company at over $300 million. The round was backed by major Korean venture capitals and investors, including Dunamu, Hanhwa Systems, Chong Kun Dang, Yanolja, Daelim, VTI Partners, DSC Investments, Shinhan Venture Capital, KB Investments and SBI Investments.

Company Information

Company

Lambda256

About

Lambda256, subsidiary of Upbit operator Dunamu, launched in May 2018 as a BaaS (Blockchain-as-a-Service) unit that offers a comprehensive portfolio of blockchain solutions that addresses various challenges of blockchain adoption. As the global industry-leading BaaS provider, Lambda256 has worked with over 3,300 corporate clients in building, deploying and managing blockchain networks at scale with Luniverse, its hallmark platform. The company also serves as a technology partner for VerifyVASP, a Singapore-based FATF travel rule solution provider designed to ensure data integrity through full-scale compliance for VASPs and their customers. Learn how Luniverse has helped companies unlock the value of blockchain at www.luniverse.io.

Funding Insights

Based on industry data
Tech investment trends
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