Monad Labs Raises $225 Million in Funding Round Led by Paradigm

Monad Labs, the developer behind the Ethereum ETH/USD-compatible Layer 1 blockchain Monad, has finalized a $225 million funding round led by investment firm Paradigm. "We are thrilled to announce our $225 million fundraise" Monad said. "This funding milestone gives us ample resources to continue scaling our team and to bring Monad to production." Electric Capital, Coinbase Ventures, Castle Island Ventures, GSR Ventures and Greenoaks also participated in the round, among others. Angel investors include Inversebrah, Ansem, Hsaka, punk6529, Eric Wall, Rune Christensen, Bryan Pellegrino, Luca Netz, Mert Mumtaz, and others, Monad confirmed.

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