Particle Network developers raised $15 million

Modular blockchain developer Particle Network has secured $15 million in Series A funding. Venture capital firms Spartan Group and Gumi Cryptos Capital co-led the round, which also included participation from SevenX Ventures, Morningstar Ventures, Flow Traders, HashKey Capital and others.

The project's leaders began raising funds for the Series A round in March 2024 and closed it in mid-May. Pengyu Wang, founder and CEO of Particle Network, spoke about this. The round was structured as a simple agreement for future tokens (SAFT). Thus, the total investment has reached $25 million. Previously, the company raised $10 million in 3 rounds of financing.

Exciting news for Particle Network! 💥 Securing $15 million in Series A funding with support from top VC firms is a major achievement. Looking forward to seeing how they continue to innovate in the blockchain space. 🌐🚀 