PANews reported on June 20 that according to The Block, the modular chain abstraction Layer 1 project Particle Network has completed a $15 million Series A financing. This round of financing was led by Spartan Group and Gumi Cryptos Capital, and other investors included SevenX Ventures, Morningstar Ventures, Flow Traders and HashKey Capital. This round of financing uses a simple agreement for future tokens (SAFT) and will be used to expand the team size to more than 40 people. The second phase of the Particle Network testnet is expected to start this week, and the mainnet and PARTI tokens are scheduled to be launched in the third quarter.
