Bengaluru-based blockchain Arcana Network announced that it has raised $2.3 million from leading investors in the blockchain ecosystem.
The round was led by Republic Crypto and Woodstock Fund, and also saw participation from Digital Currency Group (DCG), Hyperedge, Sahil Lavingia's shl.vc, Fenbushi Capital, LD Capital, and Paradigm Shift VC. The company has raised this round in less than a quarter since its seed funding.
It also saw participation from Ganesh Swami, CEO of Covalent; Ajeet Khurana, Builders Tribe; Nishal Shetty of WazirX; Ajit Tripathi from Aave, along with Arcana’s seed investors AU21 and Arcanum Capital.
With the funding, blockchain startup Arcana plans to expand its team, deepen its global penetration through community building and developer evangelism.
