ChainCatcher message, cross-chain settlement layer Union announces the completion of a $12 million Series A financing, led by Gumi Cryptos Capital and Longhash Ventures, with participation from Borderless Capital and Blockchange, as well as blockchain founders from Polygon, Movement, and Berachain. The total funds raised amount to $16 million.
The funds raised will be used for core team expansion, partner integration, and ecosystem development.
According to RootData, Union is an efficient interoperability protocol that connects all blockchains and Rollups within any ecosystem. It is based on consensus validation and does not rely on trusted third parties, oracles, multi-signatures, or MPC.