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A16z, Polychain Invest $25M In Crypto Payments Startup Celo

by coindesk.com posted 1month ago 17 views
Mobile-friendly cryptocurrency payments startup Celo has raised millions from A16z and Polychain in a private token sale. : Andreessen Horowitz’s cryptocurrency fund A16z Crypto and venture capital firm Polychain Capital have invested $25 million in cryptocurrency payments startup Celo. Celo announced Tuesday that the two investors have purchased $15 million and $10 million in the project’s Celo Gold tokens, respectively. The token-based funding effort also saw participation from “several other leading institutions” from across the world, Celo said, with the amounts not being disclosed.

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