Token distribution protocol ZAP has closed a $15.1 million funding round at a $100 million valuation
On July 12, The Block reported that ZAP, Blast's ecological token distribution protocol, has closed a $15.1 million round of funding at a valuation of $100 million. Francis, ZAP's anonymous founder and chief executive officer, said ZAP has raised three rounds of funding: a $900,000 seed round last December (valued at $15 million), a $2.1 million private placement round last month (valued at $30 million), and a $12.1 million round in the ongoing "vault sale" (valued at $100 million). million private equity round last December (valued at $30 million), and a $12.1 million round (valued at $100 million) in an ongoing 'vault sale'.
Investors in ZAP's seed and private placement rounds are said to include Rarestone Capital, Cypher Capital, Sharding Capital, Luca Netz of Pudgy Penguins, Larry Cermak of The Block and Chelsea Jiang of Foresight Ventures. Chelsea Jiang of Foresight Ventures.
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