Wormhole Secures $225 Million in Funding, Valued at $2.5 Billion

Wormhole, the cross-chain protocol landscape developer, has successfully closed a funding round of $225 million, pushing its valuation to $2.5 billion. This financial milestone was achieved with contributions from prominent investors, including Brevan Howard, Coinbase Ventures, Multicoin Capital, Jump Trading, ParaFi, Dialectic, Borderless Capital, and Arrington Capital. This funding round represents a robust vote of confidence in Wormhole’s technology and strategic direction.

4/ Current State
So who is building the protocol?
Wormhole has a decentralized set of contributors
Today those contributors are made up of:
– @WormholeFdn
– @wormhole_labs (announced today)
– @xLabsxyz (recently announced)
and 3 more teams we will be announcing soon..
— Robinson Burkey