Berachain Completes $100 Million Series B Financing, Led by Framework Ventures and Others

Bloomberg reported that Layer1 public chain Berachain completed a $100 million Series B financing, led by Brevan Howard Digital's Abu Dhabi branch and Framework Ventures, and other participants included Polychain Capital, Hack VC and Tribe Capital.

Investors supported Berachain through "SAFT" or simple agreement for future tokens. Berachain plans to use the new funds to expand its business in Hong Kong, Singapore, Southeast Asia, Latin America and Africa. Berachain claims that its current blockchain test version has processed 100 million transactions, and the platform is designed to be compatible with applications based on the Ethereum blockchain.

Earlier in March, Bloomberg reported that Berachain was raising more than $69 million with a valuation of at least $1 billion. This round of financing was about 45% higher than previously reported. $BERA #Berachain