Nomad Raises Approx. $22.4M in Series A Funding
Summary
The round was led by Polychain Capital, with additional investors including 1kx, Ethereal Ventures, hack.vc, Circle Ventures, Amber, Robot Ventures, Hypersphere, Figment, Dialectic, Archetype, LedgerPrime, and a host of angels. The company intends to use the funds to expand operations and its development efforts. Led by Pranay Mohan, CEO and Co-founder, and James Prestwich, CTO and Co-founder, Nomad is a protocol that leverages an optimistic mechanism to increase the security of cross-chain communication. Using Nomad, developers can securely build cross-chain applications (or xApps) and bridge data and assets between chains.
Funding
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