Anoma Foundation, a crypto infrastructure provider based in Zug, Switzerland, is in talks with investors to raise $40 million in a new funding round at a $1 billion valuation. The company specializes in intent-centric architecture for decentralized counterparty discovery, problem-solving, information flow control, and atomic multi-chain settlement. Anoma manages the Namada blockchain and develops software for decentralized applications. While negotiations are still ongoing and details have not been finalized, the company is actively seeking new funding to support its growth.
Last year, Anoma secured $25 million in funding with CMCC Global leading the round. Polychain Capital had spearheaded previous funding efforts in 2020 and 2021, with additional investors including Coinbase Ventures, Maven 11, and Figment. The recent surge in crypto venture capital investments is attributed to the recovery in the digital asset market and a more supportive U.S. political climate, including former President Donald Trump’s favorable stance on cryptocurrency. This increase in investment signals a positive outlook for the sector and indicates a shift towards long-term investors focusing on web3 projects.
In the first quarter of 2024, web3 startups raised nearly $1.9 billion in venture capital funding across 346 deals, marking the first quarterly increase in funding for crypto projects since 2021. This surge in investment reflects a growing interest from long-term investors in web3 technology and a move away from hype-driven investments of recent years. Despite a general downtrend in crypto VC interest, the sustained investor interest in the sector bodes well for the future of crypto ventures.
In April, crypto venture capital funding exceeded $1 billion for the second consecutive month, with $1.02 billion raised across 161 funding rounds. This was slightly lower than the previous month’s funding total of $1.09 billion across 186 rounds. Key investments in April included a $47 million funding round led by BlackRock into Securitize, a company specializing in real-world asset tokenization. Another significant investment was the $225 million secured by Monad, a new layer-1 blockchain project backed by Paradigm and Coinbase Ventures. These investments illustrate the continued interest and support for innovative blockchain projects in the current investment landscape.
