ParaState raised $5 M in a Strategic round on 2021-04-08.

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According to media reports, ParaState raised $5 M in a Strategic round on 2021-04-08.the investors in this funding round include KNS Group,GBV Capital,DAO Maker,Duckdao,Gate Ventures,Polkastarter,Alameda Research and others. Following this round, ParaState has raised a total of $11 M, bringing its latest valuation to $48 M.
ParaState is a multi-chain smart contract platform designed to bring the capabilities of Ethereum smart contracts to the Polkadot ecosystem.

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STATE Fundraising History
RoundAmountValuationTimeInvestor(s)
Strategic$5 M$48 M2021-04-08KNS Group,GBV Capital,DAO Maker,Duckdao,Gate Ventures,Polkastarter,Alameda Research
Key Milestones
  • 2021-07-15
    ParaState raised $ 5.5 M in Private round
  • 2021-04-09
    ParaState raised $ 5 M in strategic financing
  • 2021-01-28
    ParaState raised $ 1.3 M in Seed round
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