Tokenization platform Fortunafi raises funds at $48 million valuation, unveils stablecoin protocol Reservoir | Headlines | News | CoinMarketCap
05/30/2024 00:09
Fortunafi, a real-world asset (RWA) tokenization platform, announced raising $9.51 million in strategic and seed funding rounds and also unveiled its …
Fortunafi, a real-world asset (RWA) tokenization platform, announced raising $9.51 million in strategic and seed funding rounds and also unveiled its new stablecoin protocol called Reservoir.
Investors in the funding rounds included Shima Capital, Manifold, Jordan Fish (aka Cobie), Ari Litan of LayerZero Labs, Austin Green of Llama, Evanss6 and Scott Lewis, Fortunafi said Wednesday.
The latest strategic funding round, worth $3.16 million, closed last December, and the seed round, worth $6.35 million, closed in October 2021, but both rounds are officially being announced today, Fortunafi founder and CEO Nick Garcia told The Block.
Both rounds were structured as equity with token warrants, and the latest round brought Fortunafi's valuation to $48.165 million, Garcia said.