Quick take:

  • The fundraising was completed at a valuation of $100 million according to ZAP’s pseudonymous CEO Francis.

  • The fundraising also attracted participation from Presto Labs and Auros Global with Tradermayne, Bagsy, Luca Netz and Chelsea Jiang joining as angel investors.

  • The fundraising includes a $900k seed, $2.1M private round and $12.1M in an ongoing vault sale, The Block reported.

ZAP has announced a $15 million funding round co-led by Rarestone Ventures, Cypher Capital and Sharding Capital. The fundraising values ZAP at $100 million and includes a $900k seed, $2.1M private round and $12.1M in an ongoing vault sale, ZAP’s pseudonymous CEO Francis told The Block.

The fundraising also attracted participation from Presto Labs and Auros Global with Tradermayne, Bagsy, Luca Netz and Chelsea Jiang among those joining as angel investors, ZAP shared on their X account.

Source: ZAPonblast on X

According to the announcement, ZAP plans to use the fresh capital to continue to develop innovations that solve key issues in the airdrop and launchpad space. The company also plans to use some of the capital to expand into new geo-locations as it broadens its reach into new blockchain ecosystems, starting with Base.

“These new developments, and our ongoing ones, all serve to further our vision of democratising access to early-stage investments, creating a fairer crypto space, and ensuring that all participants can engage on a level playing field,” ZAP shared.

Founded in November 2023, ZAP offers a reputation-powered token distribution protocol, featuring a questing and airdrops protocol, a no-code token launcher, and curated launches via ZAP Labs.

The no-code token launcher and token launchpad give users access to venture-backed projects, giving them more options to make the most out of their on-chain activity.

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The post ZAP Secures $15M Funding Round Led By Rarestone, Cypher and Sharding Capital appeared first on NFTgators .