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Towns Protocol - Undisclosed
Overview
Funding Date
June 9, 2025
Financing amount
$3.3M
Valuation
--
Category
Subcategory
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About Towns Protocol - Undisclosed
Towns Protocol completed a $3.3 million financing round, led by CEX Ventures and echo, which was finalized in April. Previously, the platform secured $10 million in Series B funding aimed at promoting the development of Web3 social and collaboration tools.
Investors
| Investors | Type | Location | Year Founded | #Portfolio Companies | Email Address | Socials |
|---|---|---|---|---|---|---|
| Fund | United States of America | 2018 | 367 | -- | ||
| Corporate | Unknown | -- | 14 | -- |
Company Profile / Project Introduction
Towns Protocol is a protocol for building decentralized real-time messaging apps. It consists of an EVM-compatible L2 chain, decentralized off-chain stream nodes, and smart contracts that are deployed on Base. Towns Protocol allows people to create programmable communication use cases, referred to as "Spaces," in a permissionless manner. These Spaces are ownable, feature on-chain subscriptions ("Memberships"), extendable reputation system, and end-to-end message encryption.