Nym, a developer of a decentralized privacy infrastructure, has raised USD 13m in a Series A funding round, as the startup prepares to launch its mainnet in the coming months.
The funding round was led by venture capital giant Andreessen Horowitz (a16z) and joined by a number of other high-profile investors, including Digital Currency Group, Huobi Ventures, HashKey, and others, as well as some individual node operators on the network. The latest round followed a USD 2.5m seed investment in 2019 led by Binance Labs, and a USD 6.5m round in July this year led by Polychain Capital.
Speaking with Cryptonews.com during the Blockchain Economy Expo 2021 conference in Dubai this week, Nym’s CEO, Harry Halpin, said that the startup is now focused on
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