Anoma Foundation Targets $1 Billion Valuation Amid Crypto Funding Surge

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Hongji Feng

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Hongji Feng

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Hongji is a crypto and tech reporter. He graduated from Northwestern University's Medill School of Journalism with a Bachelor's and a Master's. He has previously interned at HTX (Huobi Global),...

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July 29, 2024

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Crypto infrastructure provider Anoma Foundation is seeking a $1 billion valuation through a new $40 million funding round.

According to a recent Bloomberg report, the Anoma Foundation, based in Zug, Switzerland, is in talks with investors to raise $40 million. Sources who requested anonymity due to the private nature of the discussions indicated that the negotiations are still in progress and that the terms may be subject to change.

Anoma Foundations Seeks New Funding Round

The company specializes in intent-centric architecture for decentralized counterparty discovery, problem-solving, information flow control, and atomic multi-chain settlement. It manages the Namada blockchain and develops software designed for decentralized applications.

“We are still in active discussions and the details of the round have not yet been finalized,” said an Anoma spokesperson.

Crypto #infrastructure provider Anoma Foundation is seeking to raise $40 million at a $1 billion valuation. The company has already held discussions with potential investors. Negotiations are still ongoing, and details have not been finalized.#Crypto #DeFi #Anoma pic.twitter.com/utH9wNpjsa

— MetaverseHub (@Metaverse_Hub) July 30, 2024

Anoma secured $25 million in funding last year, with CMCC Global leading the round. Polychain Capital spearheaded previous funding efforts in 2020 and 2021. Additional investors include Coinbase Ventures, Maven 11, and Figment.

The report highlighted a steady increase in crypto venture capital investments this year. This rise is attributed to the recovery in the digital asset market and a more supportive U.S. political climate, particularly Donald Trump’s favorable stance on cryptocurrency.

Crypto Venture Capital Investments Revive

Web3 startups raised nearly $1.9 billion in the first quarter of 2024, marking the first quarterly increase in venture capital funding for crypto projects since 2021. According to Crunchbase data, this funding was secured across 346 deals, reflecting a 58% rise from the previous quarter.

This increase in investment is attributed to long-term investors focusing on web3, contrasting with the hype-driven investors of recent years. Despite the overall downtrend in crypto VC interest, this surge offers a positive outlook for the sector.

For the second month, crypto venture capital funding exceeded $1 billion in April, reflecting sustained investor interest. Data from RootData shows that the month saw $1.02 billion in funding across 161 rounds, slightly lower than March’s $1.09 billion across 186 rounds.

Key investments in April included a $47 million funding led by BlackRock into Securitize, which specializes in real-world asset tokenization. Another significant investment was the $225 million secured by Monad, a new layer-1 blockchain backed by Paradigm and Coinbase Ventures.