Berachain, an EVM (ethereum virtual machine)-compatible Layer-1 blockchain built using the Cosmos SDK, has successfully raised $100 million in Series B funding, led by Brevan Howard Digital and Framework Ventures. The round also saw participation from prominent investors Polychain Capital, Samsung Next, and Hashkey Capital, among others, indicating strong support for Berachain’s growth and development within the blockchain investor community. Berachain’s transition from an NFT project (formerly Bit Bears) to a successful Layer-1 blockchain platform, along with its recent launch of the Berachain testnet, attracting over 300,000 users and processing 1 million transactions in 48 hours, demonstrates its rapid adoption and growing user base.
Layer-1 Blockchain Berachain Raises $100 Million in Funding Led by Brevan Howard Digital
