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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 & services

Investors

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.

Company Information

Company

Location

Zug, Zug, Switzerland

About

M0 is the universal stablecoin platform. With M0, builders can create their own stablecoins, and customize attributes such as branding, compliance behaviors, and yield distribution mechanics. By leveraging M0, businesses can monetize their digital dollar use cases and maintain control over their money tech stack, while not being burdened by operational heavy-lifting.

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Funding Insights

Based on industry data

Typical 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