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Chamath Palihapitiya’s Social Capital Co-leads Investment In Solana-based Startup Syndica

by forbes.com posted 3weeks ago 15 views
The nascent company raised $8 million in seed capital to build “the cloud of Web 3.0.”: Syndica, an infrastructure developer focused on scaling Solana blockchain's ecosystem, raised $8 million in seed funding to build the cloud infrastructure of Web 3.0. Revealed exclusively to Forbes, the round, co-led by Social Capital, the Silicon Valley venture capital firm founded by billionaire investor Chamath Palihapitiya, Jump Capital, and Kindred Ventures, closed on October 22. Other investors include crypto billionaire Sam Bankman-Fried’s firm Alameda Research, Solana Ventures, CoinShares, DeFiance Capital, Spartan Group, MGNR, Resolute VC, and Untamed Ventures.

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