Former Meta Employees Raise $200 Million for Blockchain Startup Aptos.

Key Takeaways:

  • Aptos has raised a fund of $200 million. 
  • The firm has already entered the unicorn territory. 

Aptos, a crypto startup, has closed a deal of $200 million with 16z crypto, Multicoin Capital, Coinbase Ventures, and others. The founders of the firm were hesitant to share the exact value of the company. However, they have hinted that Aptos is doing well to be called a “unicorn.” So, the valuation of the company must be at least $1 billion. 

Former meta employees established the crypto startup with its foundation in the Diem Network. Aptos aims at building an expandable layer 1 blockchain so as to reach a huge number of people. 

The CEO of Aptos, Mo Shaikh, said, “Our goal is to work with some of the world’s largest brands and tech companies to really build a web3 ecosystem for the masses.”

Evan Cheng, the co-founder of the firm, told The Block in an interview, “We decided to launch the company and try to launch products ourselves rather than waiting for a big company to come around and push a little bit harder.” 

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Shreya Bhattacharya

A journalist & writer exploring new topics every day!