{"id":2857,"date":"2024-03-22T13:42:27","date_gmt":"2024-03-22T13:42:27","guid":{"rendered":"https:\/\/cryptofunding.vc\/?p=2857"},"modified":"2024-03-22T13:43:26","modified_gmt":"2024-03-22T13:43:26","slug":"berachain-a-crypto-venture-attains-unicorn-status-with-69-million-funding-round","status":"publish","type":"post","link":"https:\/\/cryptofunding.vc\/berachain-a-crypto-venture-attains-unicorn-status-with-69-million-funding-round\/","title":{"rendered":"Berachain, a crypto venture, Attains Unicorn Status with $69 Million Funding Round"},"content":{"rendered":"\n<h4 class=\"wp-block-heading\">Quick Take:<\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The DeFi project is anticipated to achieve a valuation of $1.5 billion post the funding round&#8217;s conclusion.<\/li>\n\n\n\n<li>The team has previously announced plans to debut its mainnet in the second quarter of 2024.<\/li>\n<\/ul>\n\n\n\n<p>Berachain, the bear-themed DeFi powerhouse spearheaded by its pseudonymous co-founders, is poised to ascend to unicorn status, having secured a staggering $69 million in a funding round led by Brevan Howard Digital and Framework Ventures, as per sources familiar with the situation cited by Bloomberg.<\/p>\n\n\n\n<p>With this substantial investment, Berachain&#8217;s valuation skyrockets to a formidable $1.5 billion, marking a significant milestone in its trajectory, as highlighted in the Bloomberg report.<\/p>\n\n\n\n<p>Built on Cosmos and EVM compatibility, Berachain is a force to be reckoned with in the DeFi arena, offering a comprehensive suite of trading, lending, and borrowing services facilitated by its innovative tri-token system. The platform boasts the native gas token, bera, alongside the honey stablecoin and the pivotal &#8220;non-transferable&#8221; governance token, BGT. This unique framework empowers users to stake bera for lucrative BGT rewards while actively engaging in governance decisions, all while reaping the benefits of honey rewards.<\/p>\n\n\n\n<p>In the preceding year, Berachain made waves by raising an impressive $42 million in a private token round, spearheaded by Polychain Capital and attracting notable participants such as Hack VC, Shima Capital, Robot Ventures, and Goldentree Asset Management.<\/p>\n\n\n\n<p>While Berachain&#8217;s meteoric rise continues to capture attention, the project has yet to respond to The Block&#8217;s request for additional commentary, underscoring the fervent anticipation surrounding its next moves.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Quick Take: Berachain, the bear-themed DeFi powerhouse spearheaded by its pseudonymous co-founders, is poised to ascend to unicorn status, having secured a [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":2323,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18,25],"tags":[],"class_list":["post-2857","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-funding-round","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.3 - 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