The Series A funding round has brought Aptos Labs’ total capital raised in 2022 to $350 million.
Aptos Closes $150 Million Funding Round
Former Meta employees have raised $150 million in hopes of bringing Diem’s original objectives to fruition.
Aptos Labs announced Monday that it had raised $150 million in a Series A funding round led by FTX Ventures and Jump Crypto, bringing its total funds raised in 2022 to $350 million. A host of leading venture capital firms, including Andreessen Horowitz, Multicoin Capital, and Circle Ventures, also participated in the latest round.
According to an introductory blog post published in February, Aptos aims to be the “safest and most scalable Layer 1 blockchain” in the world. It’s developed and led by ex-Meta staffers that worked on Diem (formerly known as Libra), Meta’s doomed permissioned blockchain-based stablecoin payment system. Aptos is hoping to build and improve upon Diem’s work with the same group of renowned scientists and researchers.
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