Web3 product development studio Pontem completed US$6 million in financing. This round of financing was co-led by Faction and Lightspeed Venture Partners, with participation from Pantera Capital, Aptos Foundation, Wintermute, Altonomy, Shima Capital and Kraken Ventures.
Pontem plans to use the funding from this round to expand the use of the Move programming language beyond the Aptos and Sui blockchains by enabling developers to build applications that are compatible with both the Ethereum Virtual Machine and Move.
The latest funding round brings Pontem’s total raised to $10.5 million. (The Block)