The team behind Tanssi appchain infrastructure protocol, Moondance Labs, have secured $6 million in a strategic fundraising round headed by venture capital companies Scytale Digital, KR1, and SNZ. Several well-known blockchain venture capital firms, including Arrington Capital, Borderless Capital, Hypersphere, and Blockchain Founders Fund, as well as angel investors like Gavin Wood, contributed to the round.
George McDonaugh, Managing Director and Co-Founder of KR1, commented:
“The Moondance Labs team has made great progress over the past year, delivering on Tanssi’s roadmap to become the go-to tool for appchain developers. We are very excited to support them on their journey as they expand Tanssi from Polkadot and beyond. Tanssi will play a critical role for appchains by allowing developers to leverage its efficiency and scalability benefits easily.”
The funds will go toward growing the Moondance Labs team and developing Tanssi, which helps to accelerate and simp
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