Web3 product development studio Pontem raises $6 million in funding, co-led by Faction and Lightspeed Venture Partners

2024-01-12 01:18:46BlockBeats

BlockBeats news, on January 12, according to The Block, Web3 product development studio Pontem completed US$6 million in financing. This round of financing was jointly led by Faction and Lightspeed Venture Partners, and included Pantera Capital, Aptos Foundation, Wintermute, Altonomy, and Shima Capital. and Kraken Ventures, among others. Pontem plans to use the funding from this round to expand the use of the Move programming language beyond the Aptos and Sui blockchains by enabling developers to build applications that are compatible with both the Ethereum Virtual Machine and Move. This latest funding round brings Pontem’s total raised to $10.5 million, following a $4.5 million raised in June 2021 through a private placement round led by Mechanism Capital and Kenetic Capital, as well as Delphi Ventures and Animoca Brands.

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Web3 product development studio Pontem raises $6 million in funding, co-led by Faction and Lightspeed Venture Partners

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