Interoperability protocol Across Protocol has raised $41 million from investors led by Paradigm.
Ethereum-based Across Protocol raised $41 million by selling its ACX token to investors, The Block reported.
Bain Capital Crypto, Coinbase Ventures and Multicoin Capital participated in the round led by Paradigm.
Hart Lambur, co-founder of Risk Labs, the foundation behind the Across Protocol, said that Risk Labs sold ACX tokens to investors, but did not disclose the sale price or valuation.
“We believe Across’ vision is the right way to unify the Ethereum ecosystem, and we’re excited to continue working closely with them on the technology and research to make this happen,” said Dan Robinson, general partner at Paradigm.
Following the news, the ACX price rose by up to 12%.
*This is not investment advice.
