Blockchain
Polychain-Backed Blockchain Protocol Anoma Seeks New Funding at $1B Valuation: Report
Blockchain infrastructure provider Anoma is said to be seeking fresh funding that could push its valuation up to $1 billion.
The Anoma Foundation, the nonprofit behind the privacy-focused blockchain Namada, is in talks to raise new funding that would boost its valuation to $1 billion, according to people familiar with the matter. said Bloomberg today, July 30.
Based in Zug, Switzerland, the Anoma Foundation is reportedly seeking to raise up to $40 million, though the exact list of potential investors has not yet been disclosed. An Anoma spokesperson confirmed to Bloomberg that the organization is “in active discussions,” but did not specify a timeframe for closing the funding round.
Founded in 2020 by Awa Sun Yin, Adrian Brink, and Christopher Goes, Anoma bills itself as the first “generalized intent-centric blockchain architecture,” enabling developers to build decentralized, multi-party on-chain applications.
In May 2023, Anoma lifted up $25 million in a funding round led by CMCC Global, with participation from investors such as Electric Capital, Coinbase Ventures, and Delphi Digital. This followed a $26 million round in 2021 led by Polychain Capital.
If successful, Anoma will join other blockchain startups that have reached the $1 billion valuation milestone in 2024. For example, digital identity startup Web3 Humanity Protocol insured $30 million at a $1 billion valuation in May 2023, and IO Research, the developer of the Solana-based decentralized physical infrastructure network io.net, also reached up a fully diluted token valuation of $1 billion in its latest funding round.