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BY CNA Team - October 30, 2018

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Israeli startup StarkWare closes US$30mil funding round

StarkWare closes Series A funding round to raise US$30mil
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StarkWare, an Israeli startup aiming to improve scalability and privacy in blockchain, has closed a Series A funding round to raise US$30mil.

The firm says in a Medium posting that the round was led by Paradigm, with new investors from Intel Capital, Sequoia, Atomico, DCVC, Wing, Consensys, Coinbase Ventures, Multicoin Capital, Collaborative Fund, Scalar Capital and Semantic Ventures.

It adds that existing investors Pantera, Floodgate, and Naval Ravikant also participated in the round.

StarkWare, which raised US$6mil in a seed funding at the beginning of the year, will see Paradigm’s Matt Huang joining the board of directors.

Image courtesy of StarkWare website.

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