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Blockchain Firm Near Raises $12M From Coinbase Ventures, Xpring and Others

Published 07/10/2019, 01:36 PM
Updated 07/10/2019, 03:01 PM
Blockchain Firm Near Raises $12M From Coinbase Ventures, Xpring and Others

American blockchain firm Near has raised over $12 million in its Series A round from a range of high-profile investors, including Coinbase Ventures and Pantera, according to a press release on July 10.

Near — a startup that develops a public, proof-of-stake (PoS) blockchain focused on usability and scalability — has secured $12.1 million from industry players such as Coinbase Ventures, the investment arm of crypto exchange Coinbase, investment firm Pantera Capital, crypto hedge fund Multicoin, and Ripple’s developer ecosystem project Xpring, among others.

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