Particle Network, a modular blockchain developer focused on chain abstraction technology, has raised $15 million in a Series A funding round.

The Spartan Group and Gumi Cryptos Capital co-led the round, with SevenX Ventures, Morningstar Ventures, Flow Traders, HashKey Capital and others participating, Particle Network said Thursday.

The project began raising funds for the Series A round in March and closed it last month, Particle founder and CEO Pengyu Wang told The Block. The round was structured as a simple agreement for future tokens (SAFT), Wang said, declining to comment on the valuation.

The Series A round brings Particle's total funding to $25 million — having previously raised $10 million across three funding rounds.

What is Particle Network?

Particle Network is a modular …