Irys Secures $10 Million in Series A Funding, Totaling $20 Million Raised

Irys, a programmable data chain, closed a $10 million Series A led by CoinFund with support from multiple venture firms, highlighting increased investor confidence in blockchain-based data solutions.

Summary

On August 21, Irys, a programmable data chain, raised $10 million in a Series A round led by CoinFund, with participation from Hypersphere, Tykhe Ventures, Varrock Ventures, Breed VC, Echo Group, Amber Group, and WAGMI Ventures. This funding brings the company’s total capital raised to $20 million.

Terms & Concepts
  • Programmable Data Chain: A type of blockchain designed to handle customizable data structures, enabling flexible and efficient data processing and storage.