Quai Network, a pioneering blockchain platform, has successfully closed a new funding round, raising an impressive $5 million. This latest investment brings Quai Network’s total funding to a robust $15 million, following a previous $10 million round that saw significant contributions from investors like Polychain.
According to The Block, Quai Network attracted notable interest from a diverse group of prominent investors. The round was led by MH Ventures, with substantial participation from CogitentV, gigachadventure, and tpcventures. This diverse backing underscores the growing confidence in Quai Network’s innovative approach to blockchain technology.
Quai Network aims to revolutionize the blockchain space with its unique architecture designed to enhance scalability and efficiency. The additional funding will be instrumental in accelerating the development of their platform, expanding their team, and driving further innovation in the blockchain industry.
“We are thrilled to have the support of such esteemed investors,” said Quai Network’s CEO. “This funding will enable us to push the boundaries of what is possible in blockchain technology and bring our vision to life.”
As Quai Network continues to grow and evolve, the backing from these influential investors will undoubtedly play a crucial role in its journey towards becoming a leading player in the blockchain ecosystem.
Reference:
https://www.theblock.co/post/313387/quai-strategic-round
