On September 28, Initia announced on social media that it successfully completed a $2.5 million community round of financing via the Echo platform. The fundraising attracted 812 community investors and was fully subscribed within just two hours.
The financing was executed through a token purchase agreement, valuing Initia at $250 million. This represents a 28.57% discount compared to the company’s Series A financing, which was valued at $350 million. This swift fundraising underscores the strong interest in Initia’s project within the community.
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