With the latest Series A financing, the company became a crypto unicorn with a valuation of $1.5 billion.
5ire – a London-based layer one blockchain firm – secured a $100 million fundraiser, boosting its valuation to $1.5 billion.5ire’s latest fundraiser was led by SRAM & MRAM Group . The companyto use the Series A financing to strengthen its presence in North America, Europe, and Asia. Moreover, the $100 million will aid the firm’s ambitions to welcome more members into its team of 100 employees.
“Our valuation jump has come from the fact of 12 pending patents that we have and all the other proof of benefit consensus that we’ve built… The UK-based conglomerate owns about 800 hospitals and a lot of real estate. So we will also get access to a lot of relationship capital.” FalconX’s CEO – Raghu Yarlagadda – said the organization will use the funds to develop its services and hire more specialists.the club by securing $75 million in a fundraiser led by Liberty City Ventures, Winklevoss Capital, and Soros Fund Management. The company’s valuation soared to almost $6 billion after the initiative.
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