Crypto-focused financial modeling platform Gauntlet has achieved unicorn status after raising $23.8 million in Series B funding from some of blockchain’s biggest venture funds.
The investment round was led by Ribbit Capital, a Palo Alto-based venture firm, with participation from existing investors Paradigm and Polychain Capital, Bloomberg reported Monday. Gauntlet said the funding will be used to hire additional workers and expand into new industry verticals, including gaming.