• Mon. Jul 22nd, 2024

Swiss blockchain firm Anoma secures $25 million funding round

  • The Swiss-based non-profit said the funding was led by CMCC Global and backed by Electric Capital, Delphi Digital, Dialectic, KR1, Spartan, and NGC.
  • Anoma will use the funds to accelerate development of its third-generation intent-centric blockchain architecture.
  • In recent weeks, Anoma has submitted proposals to airdrop its NAM token to Zcash and Osmosis holders.

Anoma Foundation, the Swiss-based non-profit behind L1 privacy blockchain Namada, has successfully completed a $25 million fundraising round. In an announcement on Wednesday, Anoma said the round was co-led by CMCC Global, a leading blockchain-focused venture capital firm.

According to the foundation, also backing it are several prominent investors including Electric Capital, Delphi Digital, Dialectic, KR1, Spartan, and NGC. Others were MH Ventures, Perridon Ventures, Anagram Bixin Ventures, No Limit, Plassa and Factor.

Anoma also received backing from more than 30 angel investors from across L1s, dApps and ZK cryptographers.

The funding round is targeted at accelerating the non-profit’s efforts of bringing the third generation blockchain architecture to the market, the foundation said. 

Anoma’s third-generation blockchain architecture

Per Anoma, the significant backing is an illustration of the confidence industry players have in its innovative intent-centric architecture. This includes novel primitives that are set to bring full decentralisation to Web2.5 apps, such as rollups, DEXs and NFT marketplaces.

We are thrilled to have co-led this fundraising round of Anoma,” said Charlie Morris, co-founder & managing partner of CMCC Global. He added:

The team is pushing the boundaries of protocol design and reimagining how base layer infrastructure should operate. It is refreshing to see Anoma’s designs and philosophy against the backdrop of a homogenous group of layer-1 smart contract platforms.”

Other than supporting further development of its blockchain architecture, Anoma Foundation will use the $25 million war chest to fund ongoing R&D initiatives. The funds will also be crucial in developing tools that help drive adoption across the ecosystem.

The Anoma Foundation’s Namada blockchain, which brings multichain privacy to users, is getting closer to its mainnet launch.

In recent weeks, the non-profit has looked to integrate with some of the leading ecosystem platforms and networks ahead of the launch. 

As CoinJournal reported, it includes proposals to bring shielded airdrops to Zcash (ZEC) and Osmosis (OSMO) holders. The proposals also include a grants pool and bridge to top blockchains Ethereum and Cosmos.

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