Blockchain Platform Berachain Secures $100 Million Funding, Plans Expansion

According to PANews, blockchain platform Berachain, initiated by an anonymous founder known by a bear-themed nickname, has announced the receipt of $100 million in funding. This represents a 45% increase from previously reported figures. The company plans to utilize this new capital to expand its operations in Hong Kong, Singapore, Southeast Asia, Latin America, and Africa. Berachain's blockchain test version has already processed over 100 million transactions. The platform aims to be compatible with Ethereum-based applications and is promoted as a more community-driven blockchain. The Series B funding round was jointly led by the Abu Dhabi division of Brevan Howard Digital and Framework Ventures. Other participants included Polychain Capital, Hack VC, and Tribe Capital. In a report last month, Berachain became a unicorn in a $69 million funding round, reaching a valuation of $1.5 billion.