The Dfinity Foundation project conducted the closed sale of tokens for accredited investors, raising $ 102 million to create its own blockchain protocol. The round of financing was headed by the cryptocurrency division of the venture company Andreessen Horowitz (a16z). This is reported by Bloomberg.
Polychain Capital, SV Angel, Aspect Ventures and Multicoin Capital took part in financial round too. The price of one token at the same time was $ 4.18, and coins for a total of $ 35 million were distributed among the community through AirDrop.
The a16z stressed that they highly value the startup's chances in the first place due to the composition of the team, which includes former developers from Alphabet Inc and Uber Technologies Inc, as well as Ph.D. from Yale University.
Earlier, the Dfinity Foundation attracted $ 61 million from Andreessen Horowitz and Polychain Capital to create "cloud 3.0".
A16z and Polychain Capital jointly financed the start-up Oasis Labs, which eventually raised $ 45 million.
In addition, Polychain Capital and bitcoin-exchange Binance invested in the development of Terra stablcoin.