How much funding has this organization raised over time?
Announced Date | Transaction Name | Number of Investors | Money Raised | Lead Investors |
|---|
Access exclusive financial data
Venture Round - Hedera Hashgraph
$7M
Venture Round - Hedera Hashgraph
$100.5M
Venture Round - Hedera Hashgraph
$18M
Initial Coin Offering - Hedera Hashgraph
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As an enthusiast deeply entrenched in the world of blockchain and emerging technologies, I bring a wealth of knowledge and hands-on experience to the table. My expertise extends to understanding the intricacies of decentralized systems, funding mechanisms, and the dynamics of the ever-evolving landscape. Let's dive into the specifics of the information provided about Hedera Hashgraph.
Hedera Hashgraph, a prominent player in the blockchain space, has undergone four funding rounds, accumulating a substantial total funding amount of $125.5 million. This financial journey, which commenced with an Initial Coin Offering (ICO) on February 5, 2018, marked the beginning of Hedera Hashgraph's pursuit of capital.
The first funding round, the ICO, is a testament to the organization's early-stage approach, attracting investment from three notable investors, including tech giant IBM. This initial phase laid the foundation for subsequent rounds, showcasing the project's appeal and potential.
The subsequent Venture Rounds further solidified Hedera Hashgraph's financial standing. On March 13, 2018, a Venture Round saw the organization secure $18 million, with Digital Currency Group leading the investment. This round brought the total number of investors to five, underscoring growing interest and confidence in the project.
The momentum continued on August 1, 2018, with another Venture Round that raised a staggering $100.5 million. BlockTower Capital emerged as the lead investor, and the total number of investors increased to eight. This significant injection of capital undoubtedly played a pivotal role in fueling Hedera Hashgraph's development and expansion.
The most recent funding event occurred on February 24, 2021, with a Venture - Series Unknown round. Hedera Hashgraph secured an additional $7 million, bringing the total number of investors to six. Tata Communications took the lead in this round, showcasing the project's ability to attract diverse and influential backers.
In terms of funding types, the Venture Rounds, especially the second round in August 2018, raised the lion's share of the total funding amount. These rounds, characterized by substantial investments from key players like BlockTower Capital, demonstrated the market's confidence in Hedera Hashgraph's vision and technological approach.
To summarize, Hedera Hashgraph's funding journey exemplifies a strategic combination of ICOs and Venture Rounds, with each funding event contributing to the organization's growth and development in the blockchain space. The diverse range of investors, including industry giants like IBM and Tata Communications, underscores the project's appeal and positions it as a significant player in the ever-expanding world of decentralized technologies.
