Zeus Network raised $8 million in a token funding round led by Mechanism Capital at a $100 million valuation.
Apr 03, 2024•over 1 year ago
Amount Raised
$8 Million
Round Type
seed
Investors
Andrew KangMuneeb AliAnatoly YakovenkoThe Spartan GroupLemniscapBig Brain HoldingsAnimoca VenturesOkx VenturesMechanism Capital
Description
Zeus Network, a Solana interoperability layer, raised $8 million in a seed funding round structured as a simple agreement for future tokens (SAFT). The round was led by Mechanism Capital with participation from OKX Ventures, Animoca Ventures, Big Brain Holdings, Lemniscap, The Spartan Group, Solana co-founder Anatoly Yakovenko, Stacks co-creator Muneeb Ali, and Mechanism Capital founder Andrew Kang.
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