The leading launchpad on the Sui blockchain, SuiPad has revealed that it has successfully completed a recent investment round of more than $1 million. The funds raised will be put toward continuing the development of the platform which will facilitate new ventures on the Sui blockchain.
According to a statement from SuiPad, the investment round drew the interest of several investors from all over the world expressing their substantial interest in participating. NGCVentures, one of the most successful venture capital firms, served as the round’s sponsor, and a number of well-known investors participated in the round. Investors like GBV Capital, RareStone Capital, Cogitent Ventures, Kernel Ventures, Kairon Labs, NewTribe Capital, MoonRock Capital, Extra Watts, Hype, Panony, DAO Maker, Maven Capital, Criterion, Limitless Value Capital, Autonomy Capital were all noted as joint participants in the funding round.
SuiPad further mentioned that they plan to increase headcount and develop geographically, and deepen partnerships within the Sui ecosystem owing to the funds, which will enable them to do all of these things.
They also gave insight into what they have to offer stating that while Mysten Labs is working to make Sui the most secure and scalable Layer 1 blockchain for the next billion users, SuiPad has been designed from the ground up to empower Sui projects by providing a strategized token launch experience which features a customized launch model and that SuiPad was built from the ground up to empower Sui projects.
Suipad is the first IDO, ISO, and INO launchpad built on the SuiNetwork blockchain
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