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M^0 raised $35 million in a Series A round led by Bain Capital for minting digital dollars network
PRIVATEJun 05, 2024•about 2 years ago
Amount Raised
$35 Million
Round Type
Series A
ZugBlockchainCryptocurrencyinformation technology & servicesInvestors
GsrWintermute VenturesGalaxy VenturesBain Capital
Description
M^0, a cryptocurrency protocol, has announced a $35 million Series A raise led by Bain Capital. The protocol aims to create a global network for institutions to mint stablecoins backed by U.S. Treasuries.
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Based on industry dataTypical timeline to Series B
Series A companies typically raise their next round in 10-18 months
Monthly burn rate benchmark
47% of Series A startups spend $400k or more per month on operations
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech
M0 raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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