According to BlockBeats, on September 25, The Block reported that the blockchain project Initia announced the completion of a US$14 million Series A financing round. This round of financing was led by Theory Ventures and participated by Hack VC and others. Angel investors included Keone Hon of Monad Labs, Bryan Pellegrino of LayerZero Labs, and Michael Egorov of Curve Finance.

Initia co-founder Ezaan Mangalji said the company started its Series A funding round earlier this year and closed in June. The round was structured as a simple agreement for future equity (SAFE) with token warrants, which brings Initia’s FDV to $350 million.

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