Monad raised $225M in a funding round led by Paradigm to build a parallel EVM with 10,000 TPS.
Apr 14, 2024•over 1 year ago
Amount Raised
$225 Million
Round Type
series b
computer & network security
Investors
Paradigm
Description
Monad, a layer-1 blockchain compatible with Ethereum’s EVM, raised $225 million in a round led by Paradigm to develop a more performant EVM capable of 10,000 TPS.
Funding Insights
Based on industry dataVC-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