Polychain-backed blockchain protocol Anoma seeks new funding at $1b valuation: report

Blockchain infrastructure provider Anoma is reportedly seeking new funding that would take its valuation to $1 billion.

The Anoma Foundation, the nonprofit that created the privacy-focused blockchain Namada, is reportedly in talks to raise a new fund that would raise its valuation to $1 billion, sources familiar with the matter told Bloomberg today.

The Anoma Foundation, based in Zug, Switzerland, is reportedly looking to raise up to $40 million, but a full list of potential investors has not been disclosed. A spokesperson for Anoma confirmed to Bloomberg that the organization is in “active discussions” but did not specify a timeline for closing the funding round.

Founded in 2020 by Awa Sun Yin, Adrian Brink, and Christopher Goes, Anoma positions itself as the first “generalized intent-centric blockchain architecture” that enables developers to build multi-party, decentralized, on-chain applications.

In May 2023, Anoma raised $25 million in a funding round led by CMCC Global, with participation from investors including Electric Capital, Coinbase Ventures, and Delphi Digital. This follows a $26 million round led by Polychain Capital in 2021.

If successful, Anoma would join other blockchain startups that have reached the $1 billion valuation milestone in 2024. For example, web3 digital identity startup Humanity Protocol raised $30 million at a $1 billion valuation in May 2023, and IO Research, developer of Solana-based decentralized physical infrastructure network io.net, also reached a fully diluted token valuation of $1 billion in its latest funding round.