Anoma, a blockchain infrastructure provider, is currently in talks to secure new funding that could potentially raise its valuation to $1 billion. The Anoma Foundation, the non-profit organization behind the privacy-focused blockchain Namada, is leading these discussions, according to sources familiar with the situation.
Based in Zug, Switzerland, the Anoma Foundation is aiming to raise around $40 million, although the specific investors involved have not been disclosed. A spokesperson for Anoma has confirmed that they are actively engaged in discussions but has not provided a timeline for when the funding round will be finalized.
Established in 2020 by Awa Sun Yin, Adrian Brink, and Christopher Goes, Anoma differentiates itself as the first “generalized intent-centric blockchain architecture,” enabling developers to create multi-party decentralized on-chain applications.
In previous funding rounds, Anoma raised $25 million in May 2023 with CMCC Global leading the round, alongside Electric Capital, Coinbase Ventures, and Delphi Digital. This followed a $26 million round in 2021 led by Polychain Capital.
If successful, Anoma will join the ranks of other blockchain startups that have reached the $1 billion valuation mark in 2024. For example, Humanity Protocol, a web3 digital identity startup, secured $30 million at a $1 billion valuation in May 2023. Additionally, IO Research, the developer of the Solana-based decentralized physical infrastructure network io.net, achieved a fully diluted token valuation of $1 billion in its most recent funding round.
This potential funding for Anoma comes at a time when blockchain technology continues to gain traction and investment across various industries. As the demand for decentralized applications and privacy-focused solutions grows, blockchain infrastructure providers like Anoma play a crucial role in supporting the development of these innovative technologies. With a successful funding round, Anoma could further solidify its position in the blockchain ecosystem and drive continued growth and innovation within the industry.