Radix Secures $4.1 Million in Seed Funding on July 1, 2019
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According to media reports, Radix completed a $4.1 million Seed funding round on July 1, 2019. Investors in this round included Maven 11, LocalGlobe, XSquared, and Taavet Hinrikus, Co-Founder of TransferWise, among others. Following this round, Radix's total funding reached $14.1 million.Radix is a Layer 1 blockchain protocol specifically designed for decentralized finance (DeFi). As a next-generation blockchain infrastructure, Radix aims to address scalability and usability challenges currently facing the DeFi sector. The project's development trajectory demonstrates robust growth: after its Seed round in 2019, Radix launched its mainnet in July 2021, followed by the listing of its native token XRD in August of the same year. In March 2023, Radix secured an additional $10 million in funding, reflecting sustained investor confidence in the project.With the rapid expansion of the DeFi market, projects focused on enhancing blockchain infrastructure performance are receiving increased attention. Through its innovative technology solutions, Radix is positioned to deliver improved user experiences and greater operational efficiency for the DeFi ecosystem. This trend underscores the movement toward greater specialization and segmentation within the blockchain infrastructure sector.
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XRD fundraising-history
| fundraising-Round | fundraising-amount | fundraising-valuation | fundraising-time | fundraising-investor |
|---|---|---|---|---|
| Seed-Round | fundraising-$M | -- | 2019-06-30 | Maven 11,LocalGlobe,XSquared,Taavet Hinrikus |
fundraising-key-milestones
- 2023-03-23Radix raised $ 10 M in funding round
- 2021-08-22XRD is live for trading
- 2021-07-26Radix is live on mainnet
- 2019-07-01Radix raised $ 4.1 M in Seed round
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