Blockchain startup “Chia Network” has raised $61 million in a funding round which included investment from top venture capital firms Andreessen Horowitz and Richmond Global Ventures.
The decentralized smart contract platform was valued at around $500 million in the funding round, according to an anonymous source cited by Bloomberg. The funding round was also backed by the CEO and co-founder of AngelList Naval Ravikant, Breyer Capital, and True Ventures.
Chia’s president and CFO, Gene Hoffman, told Bloomberg the firm hopes to go public through an initial public offering, or IPO, this year:
Blockchain startup “Chia Network” has raised $61 million in a funding round which included investment from top venture capital firms Andreessen Horowitz and Richmond Global Ventures.
