TLDR:
- Plume Network, a San Francisco-based company, raised $10M in Seed funding to expand operations and development efforts.
- The funding round was led by Haun Ventures and included participation from other venture capital firms and angel investors.
Plume Network, a San Francisco-based startup, recently announced that it has raised $10M in Seed funding. The funding round was led by Haun Ventures, with participation from Galaxy Ventures, Superscrypt, A Capital, SV Angel, Portal Ventures, Reciprocal Ventures, and other investors. Angel investors included founders and executives from various technology companies.
The company, led by CEO Chris Yin and Teddy Pornprinya, provides a modular Ethereum Virtual Machine (EVM) Layer-2 blockchain dedicated to bringing real-world assets (RWAs) on-chain. Plume aims to simplify the process of RWA project deployment and offers investors a blockchain ecosystem to invest in various RWAs. The platform also enables RWA composability through its DeFi applications, providing access to high-quality buyers to increase liquidity for tokenized RWAs.
Plume has already seen success with over 80 RWA projects, including collectibles, alternative assets, synthetics, luxury goods, real estate, and DeFi, building on the network in the testnet phase alone. The company plans to use the newly raised funds to expand its operations and development efforts further.
