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Berachain Secures $100M Funding Led by Brevan Howard Digital

Jonathan Wong

Jonathan Wong

12 April 2024

Berachain, the blockchain network founded by pseudonymous creators, secures $100 million in Series B funding, led by Brevan Howard Digital and Framework Ventures.

Other investors include Polychain Capital, Hack VC, and Tribe Capital, among others, providing support via a SAFT agreement. Co-founder Smokey The Bera views the raise as validation of the network's community-driven approach and commitment to value creation for users and developers.

The funding will enable Berachain to expand its presence in Hong Kong, Singapore, Southeast Asia, Latin America, and Africa, leveraging its interoperable blockchain platform.

Amidst a resurgence in cryptocurrency values, venture capital investments in blockchain firms reached $2.5 billion in Q1 2024, signaling continued growth and investor confidence.