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PureStake Closes $6M Funding Round For Moonbeam Network

Published 03/30/2021, 08:49 AM
Updated 03/30/2021, 09:00 AM
PureStake Closes $6M Funding Round For Moonbeam Network

  • PureStake completed a $6 million funding round for Moonbeam Network.
  • The funding round was led by CoinFund.
  • The Moonbeam network is set to launch sometime in Q3 2021.

PureStake just announced its $6 million round of funding for its Moonbeam smart contract platform. The funding initiative was led by CoinFund. Moreover, the network launch of Moonbeam is set to be sometime in Q3 2021.

CEO of CoinFund, Jake Brukhman said,

We are pleased to be able to support the Moonbeam team as they continue to make incredible technical progress in this space.

The funding rounds saw prominent names like Binance Labs, ParaFi, Coinbase Ventures, Fenbushi Capital, IOSG Ventures, and more. The funds gathered will go straight into prepping the Moonbeam network for its final launch in Q3 2021. This will include hiring development resources, building additional integrations and developer tools, performing third-party securi...

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