Shiba Inu, known for its memecoin 🐶SHIB, raised $12 million from international 💰 venture capital investors for a new token, TREAT.
This token is part of their upcoming 🙈privacy-focused Layer 3 blockchain, built on Shibarium, their Ethereum Layer 2 solution.
Investors include Polygon Ventures, Mechanism Capital, and Animoca Brands, among others. Despite some investors being 🇺🇸 U.S.-based, lead developer Shytoshi Kusama clarified they are all non-U.S. entities.
💲 The fundraising, split into pre-seed and seed rounds, reached valuations up to $200 million. Shiba Inu also plans to introduce another 🦊 token, Shi, later this year.
