Worldcoin to Raise $100M at $3B Token Valuation: Report
Summary
Crypto startup Worldcoin is raising $100 million with investors valuing the companys total stockpile of tokens at $3 billion, The Information reported on Tuesday, citing two unnamed sources. • None Investors include Andreessen Horowitz (a16z), which previously invested in Berlin-based Worldcoin, and Khosla Ventures. a16z, Coinbase Ventures, Digital Currency Group (the parent company of CoinDesk) were among the investors for that round, which also included angel investors Sam Bankman-Fried, the founder of FTX, and Reid Hoffman, the co-founder of LinkedIn. • None Worldcoin, which was co-founded by Y Combinator President Sam Altman, uses chrome, volleyball-sized spheres to scan retinas in exchange for crypto. Read more: Worldcoin, Now Valued at $1B, Has Grand Plans to Get You to Gaze Into the Orb