Anoma Crypto Venture Funding Seeks $40 Million at $1 Billion Valuation

Key Points:

• The Anoma Foundation is in negotiations to raise $40 million at a $1 billion valuation, though the terms are ongoing and could change.
• Anoma crypto venture funding round comes at a juncture when crypto venture capital surged to $2.01 billion globally as of early 2024.

Sources close to the matter unveiled that Anoma Foundation, the Switzerland-based provider of crypto infrastructure, is currently in discussions to secure $40 million in funding at a value of $1 billion.

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Anoma Crypto Venture Funding Round Seeks $40 Million

According to Bloomberg, the negotiations for Anoma crypto venture funding are ongoing, and terms may evolve.

Last year, the Zug-based foundation created Namada, a blockchain aimed at processing private transactions and intertwining itself into existing networks. The project utilizes zero-knowledge cryptography, which, according to the company, allows the transfer of assets between Ethereum and Cosmos chains without revealing user addresses or other details about the transfer.

The Namada blockchain is maintained by the Anoma Foundation, which also provides software to developers for turning their apps into privacy-oriented, distributed solutions. Anoma has also obtained a $25 million early-stage strategic investment from CMCC Global in 2023, after prior rounds led by Polychain Capital and investors including Coinbase Ventures, Maven 11, and Figment.

Crypto Venture Capital Surges to $2.01 Billion in 2024

The Anoma crypto venture financing round corresponds with a larger resurgence in crypto venture capital, with PitchBook data revealing that worldwide investments in digital assets hit $2.01 billion in the first quarter of 2024, more than the total raised in 2023.

Now, with a fresh surge in the digital asset market and political tailwinds in the United States spurred by Republican presidential candidate Donald Trump‘s pro-crypto position, the investment boom has been propelled even further.