Blockchain Startup Sharedum Raises $18.2 M In Seed Funding

Sharedum raises $18.3 million in a seed funding round. The funds will be deployed for the company research and product design

Sharedum a blockchain startup raises $18.2 million in seed funding round. The funding round saw participation from close to 50 investors, including Jane street, Struck Crypto, The Spartan Group, Big Brain Holdings, DFG, Ghaf Capital Partners, and Foresight Ventures among others.

According to the statement,, the funds raised will be utilised towards ramping up the company’s research and marketing efforts as well as its product and design development team.
 Shardeum provides a smart contract platform that offers vastly improved scaling capability when compared to other base-level blockchains like Ethereum. The blockchain uses dynamic state sharding technology, which allows it to linearly scale and increase transactions per second with every node added to the network.

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