Socket Raises $5M Round Led by Framework Ventures
Socket thrilled to announce that they’ve raised a $5M round led by Framework Ventures with participation from 40+ leading investors & entrepreneurs. Alongside the raise, they are also proud to unveil Bungee, one of the first apps powered by Socket, built by the Socket team.
The investment was led by Framework Ventures with participation from:
- Coinbase Ventures
- Lightspeed
- Nascent
- Geometry
- eGirl Capital
- Folius Ventures
- Maven 11
- 4RC
- Archetype (Prev Acrylic)
- Mark Cuban
Socket also have 30+ angels participating in the round, which includes L2 founders, dapp founders & some of the top researchers in the space. Some selected angels include:
- Sandeep Naiwal- CoFounder, Polygon
- Jinglan Wan- CoFounder & CEO, Optimism
- David Hoffman & Ryan Sean Adams — Bankless
- 0xMaki- DeFi Legend, Advisor Tokemak
- Robert Miller- Flashbots
- Jayanti Kanani- Polygon
They will continue working on their ambitious goal to power unified multichain apps with these funds. Expect more chain & bridge support in the Liquidity Layer, Data layer launch, amazing cross-chain use cases & many more ecosystem partners very soon!
About Socket
Socket aims to unify the multichain ecosystem by connecting all chains and enabling seamless asset & data transfers b/w them.
About Frameworks
Frameworks Labs governs DeFi blockchain protocols, provides liquidity to non-custodial decentralized exchanges, incubates promising startups, and builds consumer-facing applications on top of protocols backed by Framework.
SOURCE:
MEDIUM
