Coinspeaker
Berachain Secures $69M in Funding Ahead of Mainnet Launch
Berachain, a blockchain project with a bear-themed concept based on the Cosmos ecosystem, has successfully secured $69 million to expand its business operations in preparation for the anticipated mainnet launch later this year.
After years of development, the decentralized finance (DeFi) platform released its public testnet, Artio, in January 2024. With the latest funding, Berachain plans to officially debut its maninet in the second quarter of this year.
Berachain Reaches Unicorn Status with New Funding
According to a Bloomberg report citing people familiar with the matter, the investment round was led by two blockchain-focused venture capital firms, Brevan Howard Digital and Framework Ventures.
The new fundraising has brought the protocol’s total valuation to more than $1.5 billion, making it the latest crypto platform to achieve unicorn status.
The funding follows a successful fundraising effort i
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