Framework Ventures and the Abu Dhabi branch of Brevan Howard Digital (BH Digital) co-led a $100 million Series B round for Layer 1 blockchain developer Berachain. 

Additional financial support came from Polychain Capital, Hack VC, Samsung Next, Laser Digital from Nomura Group, Hashkey Capital, Nomad Capital, Hypersphere, Arrington Capital, Cypher Capital, Tribe Capital, Rubik, Dragonfly’s Bo Feng, Animoca Brands’ Yat Siu, Temasek’s Antony Lewis, Polygon’s Sandeep Nailwal and others, Berachain wrote on the social media platform X. 

Berachain initially sought to raise $69 million for this Series B round at a $1.5 billion valuation.

The firm intends to use the funds to bolster expansion in Hong Kong, Singapore, Southeast Asia, Latin America and Africa, reports Bloomberg, adding …