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📍 San Francisco👥 85
92
Post-Funding
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Just raised $40M Series B - high purchase intent window

Ethereum Interoperability Hub Polymer Raises $23M Series A Funding From Marquee Investors

Jan 23, 2024•over 1 year ago

Amount Raised

$23 Million

New YorkSoftware Development

Investors

Marquee Investors

Description

Polymer Labs raised $23 million in Series A funding from marquee investors to address the unreliability and susceptibility to hacks of existing interoperability solutions within the Ethereum ecosystem.

Company Information

Company

Polymer Labs

Location

New York, New York, United States

About

Polymer is advancing the state of web3 interoperability by building a universal modular IBC router chain and expanding the IBC network. Come join us and build an open and permissionless web3 future!

FundzWatch™ Score

60
Medium Activity

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Funding Insights

Based on industry data
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