Cross-chain Protocol Wormhole Raises $225M

The latest funding round for the cross-chain protocol Wormhole has closed at $225 million, placing the startup’s valuation at $2.5 billion according to Yahoo.Finance.

Brevan Howard, Coinbase Ventures, Multicoin Capital, Jump Trading, ParaFi, Dialectic, Borderless Capital and Arrington Capital are among the major investors.

COO of Wormhole Foundation, Dan Reeser, expressed excitement about the future growth of the company and its ability to support developers in creating innovative products and experiences for users.

Robinson Burkey, Wormhole’s commercial director, echoed this sentiment, highlighting the startup’s favorable market position and potential for growth.

Wormhole Foundation also announced the official launch of Wormhole Labs, a technology company dedicated to developing inter-networking products, tools, and reference implementations. This expansion will further enhance Wormhole’s offerings and capabilities in the future.