Nomad, a San Francisco, CA-based security-first cross-chain messaging protocol, raised approximately $22.4m in series A funding.
The round was led by Polychain Capital, with additional investors including 1kx, Ethereal Ventures, hack.vc, Circle Ventures, Amber, Robot Ventures, Hypersphere, Figment, Dialectic, Archetype, LedgerPrime, and a host of angels.
The company intends to use the funds to expand operations and its development efforts.
Led by Pranay Mohan, CEO and Co-founder, and James Prestwich, CTO and Co-founder, Nomad is a protocol that leverages an optimistic mechanism to increase the security of cross-chain communication. Using Nomad, developers can securely build cross-chain applications (or xApps) and bridge data and assets between chains.
FinSMEs
13/04/2022