IDEO-backed cryptocurrency developer Chia Network has pushed its valuation to $500m thanks to a $61m round co-led by Andreessen Horowitz and Richmond Global Ventures.
Chia Network, a US-based blockchain technology developer backed by design consultancy IDEO, has raised $61m in a funding round co-led by Richmond Global Ventures and Andreessen Horowitz, Bloomberg reported today.
Breyer Capital, Slow Ventures, True Ventures, Cygni Capital, Collab+Currency, DHVC and private investor Naval Ravikant also took part in the round, which valued Chia at approximately $500m, a person familiar with the matter told Bloomberg.
Chia Network is developing a blockchain and smart transaction platform using a proprietary cryptocurrency called…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
