Insider: Lens Protocol seeks $50 million in funding at a $500 million valuation

Lively Anna
06-18

On June 18, people familiar with the matter revealed that Avara founder and CEO Stani Kulechov is in contact with US venture capital institutions to seek $50 million in financing for Lens Protocol, which will bring its valuation to $500 million.

Avara spokesperson did not confirm or deny this information and declined to comment further. When asked about the coin issuance, Kulechov said that "it has not reached that stage yet" and the current main goal is the upcoming Lens Network, a native network built on the ZKsync technology stack. In 2023, Lens Protocol raised $15 million; four weeks ago, its competitor Farcaster raised $150 million at a valuation of $1 billion.

Original link (https://www.dlnews.com/articles/defi/lens-protocol-is-pursuing-new-50-million-usd-fundraise/)

Cut Loss Timely or Let Profits Run: Which is Easy For You?
The most challenging part of investing is often the test of human nature. After buying a stock, if it drops, will you promptly cut your losses and sell it? If the stock rises, will you immediately take your profits? Both timely cutting of losses and letting profits run require investors to have a strong mindset.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment