This week has been a big week for the SKALE Community.

Why? Well, we are beyond excited to announce a $9.65M fundraise led by Multicoin Capital! It is deeply humbling to have the backing and full support from such a phenomenal group of investors.

For those who may not know me, I’ve been in Silicon Valley technology startups for over 13 years - serving as a part of many venture fundraises as an entrepreneur, coach, and advisor. But in all my 13 years, I can honestly say that nothing compares to the experience of seeing the global synergy between investors and entrepreneurs in the decentralization / cryptocurrency space.

This is venture in an evolved state. Instead of the traditional winner-take-all model that I've become accustomed to, investors in this space are collaborating to evaluate opportunities and then working to support the success of those opportunities.

For SKALE, this investor support started early and strong with our Seed investors Signia Venture Partners and Floodgate. And we are deeply grateful for Multicoin Capital stepping up as a remarkable value-add partner to lead our next round.

And we'd like to extend a great deal of thanks to all of our other phenomenal investors and supporters at Aspect Ventures, Blockchange Ventures, Boost.VC, Cambrian Asset Management, Canaan Partners, Floodgate Fund, Galaxy Digital, Hack.VC, Multicoin Capital, MW Partners, Neo Global Capital, Oyster Ventures, Signia Venture Partners, Visary Capital, and many amazing angel investors who are supporting the community and its mission.

With this investment, the SKALE community has been given a strong advantage in realizing our mission of making it incredibly easy to set up fast, secure, and cost-effective Layer 2 scaling chains. On the engineering front, we will continue to grow our engineering team and focus on building. And on the community front, we will ramp up marketing and community efforts with a focus on creating and distributing useful technical and educational materials for our developer community.

Our goal is not only to build amazing an product or educate the technical community; educated developers don’t get very far if the tools at their disposal are not easy to implement and manage. We recognize that enablement is critical to ensure the success of our mission.

Thank You

Lastly, we'd also like to thank the many individuals from all over the globe who have expressed interest in supporting the project as investors, validators, core team members, community managers, open-source contributors, etc. SKALE needs all of your support if we are going to make this a successful open-source project.

Lastly, please let us know if you have interest in being one of the first dApps to run a SKALE Chain. You can learn more about applying to the SKALE Innovator Program here.

Thanks!

Learn More

If you would like to use SKALE for your decentralized application, join us on Discord and visit our Developer Documentation!

For a deeper dive into SKALE’s Technology, check out our Technical Overview and Consensus Overview.


SKALE’s mission is to make it quick and easy to set up a cost-effective, high-performance Elastic Sidechains that run full-state smart contracts. We aim to deliver a performant experience to developers that offers speed and functionality without giving up security or decentralization. Follow us here on Telegram, Twitter, Discord, and sign up for updates via this form on the SKALE website.