Memcoin Shiba Inu raises $12 million from institutional investors
Dog memecoin project Shiba Inu has raised $12 million from a private token sale of its yet-to-be-released utility and governance token TREAT.
According to the April 22 announcement, investors include Comma 3 Ventures, Big Brain Holdings, Cypher Capital, Shima Capital, Hercules Ventures, Animoca Brands, Morningstar Ventures, Woodstock Fund, DWF Ventures, Polygon Ventures, Stake Capital, Illuminati Digital Capital, Primal . Capital, Mechanism Capital, DWF Ventures and Spirit Dao. All investors participating in the private token sale were located outside the United States.
The participation of venture capital firms and their partners will help the Shiba Inu project expand its network and "increase what Shiba Inu can truly be capable of for our community," commented Shitoshi Kusama, the anonymous core developer of Shiba Inu.
