CoinVoice has recently learned that according to The Block, the blockchain project Initia announced the completion of a US$14 million Series A financing round. This round of financing was led by Theory Ventures and participated by Hack VC and others. Angel investors include Keone Hon of Monad Labs, Bryan Pellegrino of LayerZero Labs, and Michael Egorov of Curve Finance.
Initia co-founder Ezaan Mangalji said the company started its Series A round earlier this year and closed in June. The round was structured as a simple future equity agreement (SAFE) with token warrants, which brings Initia's FDV to $350 million. [Original link]
