"At XP3R we provide expert consulting services in capital raising, M&A and ICO for Web3 entrepreneurs & businesses."
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Wormhole has successfully closed its funding round, raising $225 million at a $2.5 billion valuation. Prominent investors in Wormhole include Brevan Howard, Coinbase Ventures, Multicoin Capital, Jump Trading, ParaFi, Dialectic, Borderless Capital, Arrington Capital, and more.
“We are grateful to have reached this milestone with the support of such a strong group of backers as we continue to deliver critical infrastructure for Web3,” said Dan Reecer, Wormhole Foundation's Chief Operating Officer. “We are ecstatic to bring more new and groundbreaking products to market as we head into next year, and look forward to continuing to support our ecosystem of developers who are building with our tools every day to expand their businesses and build great experiences for users.
Robinson Burkey, the Wormhole Foundation’s Chief Commercial Officer, echoed this sentiment, saying, “I couldn’t be more excited about our position in the market and the opportunities for growth. We're laser-focused on bringing solutions to market that solve real problems for our customers and end-users, and are on a mission to enable real-world impact from the Web3 space. If you’re interested in this mission, we encourage you to chat with us about joining our team.”
The Wormhole Foundation has also announced the launch of Wormhole Labs, emerging from stealth to become a core contributor to Wormhole. Wormhole Labs is an independent technology company that specializes in building products, tools, and reference implementations that help grow cross-chain activity and development.
"Nearly three years ago, Wormhole was launched with the vision of a world resembling the one we see today. Where the relentless expansion of blockchains is not a niche transient trend but an enduring transformation. Where Fortune 100 companies onboard both public and private blockchains. We reaffirmed our commitment to this vision by launching Wormhole Labs, dedicated to advancing the technology that makes efficient blockchain-to-blockchain communication possible," said Saeed Badreg, Co-founder and CEO of Wormhole Labs.
Since its launch in 2021, Wormhole has become mission critical infrastructure for many of the industry’s biggest blockchains and projects. Wormhole has facilitated the transfer of over $35 billion in value and regularly processes over 2 million cross-chain messages across 30+ chains every day.
For more information about the Wormhole and its innovative solutions, visit www.wormhole.com. Follow Wormhole on X, join the Discord, or subscribe to the newsletter.
About Wormhole
Wormhole is the leading interoperability platform that empowers development and growth across blockchains. Wormhole provides developers access to liquidity and users on over 20 of the leading blockchain networks, enabling use cases that span DeFi, NFTs, governance, and more. Wormhole enables a growing suite of products built around the foundational Wormhole Messaging protocol. Wormhole Connect is a key asset layer product, providing developers with an in-app bridging widget that can be integrated in as few as 3 lines of code. The wider Wormhole network is trusted and used by teams like Circle and Uniswap, and to date, the platform has facilitated the transfer of over 35 billion dollars through over 750 million cross-chain messages.
