Fundz

Particle Network raised $15 million in a Series A funding round co-led by Spartan Group and Gumi Cryptos Capital

PRIVATEJun 20, 2024

Amount Raised

$15 Million

Round Type

Series A

SingaporeBlockchainCryptocurrency

Investors

Hash Key CapitalFlow TradersMorningstar VenturesSeven X VenturesGumi Cryptos CapitalSpartan Group

Description

Particle Network, a modular blockchain developer focused on chain abstraction technology, has closed a $15 million Series A funding round. The round was co-led by The Spartan Group and Gumi Cryptos Capital, with several other investors participating.

Quick answer

Particle Network raised $15 Million in a Series A round, dated June 20, 2024. Investors: Hash Key Capital, Flow Traders, Morningstar Ventures, Seven X Ventures, Gumi Cryptos Capital and Spartan Group. Particle Network is based in Singapore, Southeast Asia, Singapore.

How much did Particle Network raise?
Particle Network raised $15 Million in a Series A round on June 20, 2024.
Who invested in Particle Network?
Hash Key Capital, Flow Traders, Morningstar Ventures, Seven X Ventures, Gumi Cryptos Capital and Spartan Group are named as investors in this round.
What does Particle Network do?
Particle Network is addressing Web3's fragmentation of users and liquidity through its Universal Accounts.
Where is Particle Network based and how big is it?
Particle Network is based in Singapore, Southeast Asia, Singapore.

Source: Fundz verified event record.

Who else raised in Blockchain and Cryptocurrency around the same time

Companies in the same sectors as Particle Network that raised within 45 days of this round, from Fundz verified event records.

  • Prometheum raised an undisclosed amount on August 2, 2024.
  • Axe Compute Inc. raised $2.2M on July 26, 2024.
  • Allium raised $17M (Series A) on July 18, 2024.
  • Partior raised $60M (Series B) on July 12, 2024.
  • Tread.fi raised $3.5M (Pre-Seed) on July 10, 2024.
  • Idle raised $2.4M (Funding Round) on July 9, 2024.

Who to call at Particle Network, and when

A new round usually means Particle Network is about to hire and buy. The teams that reach out first get the meeting.

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Company Information

Company

Particle Network

Location

Singapore, Southeast Asia, Singapore

About

Particle Network is addressing Web3's fragmentation of users and liquidity through its Universal Accounts. Particle's chain abstraction is powered by a Cosmos SDK L1 blockchain enabling the experience of a single account, balance, and address that can be used across all chains, enabling users to interact with any dApp and pay gas with any token.

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Funding Insights

What this usually means
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months

Particle Network raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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