Fundraising
StarkNet has successfully secured investments from numerous market users through various funding rounds. The company has raised a total of $261 million in equity since its inception. Additionally, the Ethereum Foundation granted StarkNet $12 million to expand the Ethereum network. StarkNet's funding rounds were as follows:
- Seed Round (October 5, 2018): Raised $6 million (equity) from notable investors such as Pantera, Naval Ravikant, MetaStable, Floodgate, Polychain, Vitalik Buterin, Zcash Co-founder, Arthur Breitman, Da Hongfei, Bitmain, Elad Gil, Fred Ehrsam, and Linda Xie.
- Series A (October 31, 2018): Raised $30 million (equity) from investors such as Paradigm (Led), Intel Capital, Sequoia, Atomico, DCVC, Wing, Consensys, Coinbase Ventures, Multicoin Capital, Collaborative Fund, Scalar Capital, and Semantic Joint Venture.
- Series B (March 24, 2021): Raised $75 million (equity) from Paradigm (Led) and other investors.
- Series C (November 26, 2021): Raised $50 million from Sequoia (Led) and other investors.
- Series D (May 25, 2022): Raised $100 million, led by Coatue and Greenoks.
Paradigm, Sequoia, and Greenoks are investors who are famous for concentrated, long-term investments strategy. It is likely the reason why they did not rush in releasing tokens for the bull run in 2021, despite three years of development.
Regarding Roadmap, here is the plan for 2023
3/2023: Updated Cairo programming language 1.0 Q2/2023: Improved bandwidth. Q3/ 2023: Reduced transaction costs. Q4/2023: Improved block generation time to increase transaction speed.
One significant announcement from StarkNet is the Regenesis planned for 2023. This could lead to airdrops for users, similar to Optimism's Regenesis in late 2021 and airdrops in early 2022. We can expect that StarkNet's airdrop will happen in 2024, which aligns with Bitcoin Halving and could be a great strategic move!!!!! Show Less
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