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Upbit crypto exchange's blockchain sister firm raises $60M
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Dunamu, the operator of major South Korean cryptocurrency exchange Upbit, is progressing with blockchain development as its blockchain arm Lambda256 secured new funding.
According to a Dec. 15 announcement, Lambda256 raised 70 billion Korean won ($60 million) in a Series B round, valuing the company at over $300 million. The firm is focused on enterprise-grade chains for businesses, building on its own blockchain protocol called Luniverse.
The funding round included major venture capital firms and individual investors like tech giant Hanhwa Systems, travel tech startup Yanolja, bikes manufacturer Daelim, DSC Investments, Shinhan Venture Capital, KB Investments and SBI Investments. Dunamu participated in the round as well.
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