⚡️ @initiaFDN has raised $14M in Series A funding led by @Theoryvc

Initia closes its $14M Series A round at $350M token valuation. The investment featured additional participation from @Delphi_Ventures and @Hack_VC, as well as, numerous angel investors. Initia has also disclosed its plans to launch its mainnet and token within the next two months. Previously, the firm has received an investment from @BinanceLabs and raised $7.5M from @Delphi_Digital, Hack VC, @Nascentxyz, @BigBrainVC, and others.

Initia Layer 1 is used to coordinate security, liquidity, routing, and interoperability throughout the network of interwoven rollups on Initia’s vm-agnostic optimistic rollup framework: the OPinit Stack.

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