Blockchain interoperability protocol Analog completes $5 million financing and will launch token on February 6

Odaily Planet Daily News Blockchain interoperability protocol Analog completed $5 million in financing at a valuation of $300 million before the token issuance. Gate Ventures, BackerDAO, Foresight Ventures, Black Label Ventures, the venture capital arm of film production company Black Label Media, and angel investors such as Frax Finance founder Sam Kazemian, Black Label Media's three co-founders Molly Smith and twin brothers Thad and Trent Luckinbill participated in the investment. Analog co-founder Victor Young said that the new round of financing brings Analog's total financing to $21 million. The project raised $16 million at a valuation of $120 million last year, a 150% increase in valuation in one year. Young said that Analog went online on the mainnet last month and will launch its token on February 6. Analog currently has 55 employees and is recruiting engineering and marketing staff, including a new "atmosphere director" position focusing on internal and external communication, social media, collaboration and community building. (The Block)