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Berachain - Series B
Overview
Funding Date
April 12, 2024
Financing amount
$100M
Valuation
$1.5B
Catagory
About Berachain - Series B
Berachain has raised $100 million in its recent funding round, 45% more than earlier reported. The round was co-led by Brevan Howard Digital and Framework Ventures. It also included Hack VC, Polychain Capital, and Tribe Capital as venture capital funds flowed into the market amid the bullish sentiment.
Investors
| Investors | Type | Location | Year Founded | #Portfolio Companies | Email Address | Socials |
|---|---|---|---|---|---|---|
| Fund | -- | -- | 5 | -- | ||
| Fund | Canada | 2019 | 83 | hello@framework.ventures | ||
| Fund | United States of America | 2016 | 142 | info@polychain.capital | ||
| Fund | United States of America | 2017 | 54 | ed@hack-vc.com | ||
| Fund | United States of America | 2018 | 43 | hello@tribecap.co |
Founders & Team
Smokey the Bera
Homme Bera
Company Profile / Project Introduction
Berachain is an EVM-compatible layer one blockchain, built using the Cosmos SDK, and secured by the novel Proof-of-Liquidity Consensus Protocol. The project aims to allow users to stake tokens while providing liquidity to DeFi protocols in parallel.
Berachain has a tri-token system of bera (the native gas token), honey (a native stablecoin) and BGT (the "non-transferrable" Bera Governance Token). Users who stake bera or "other permissioned tokens" will earn BGT over time, allowing them to "capture honey generated by the underlying chain architecture as a reward for their participation in governance" .
Berachain is the pseudonymous co-founders' second project, after the NFT project Bong Bears, a collection of "100 absolutely zooted NFT bears getting baked."