“Skynet EGLD Capital” raised more than $40 million to the Elrond Network ecosystem to accelerate the ecosystem’s development. Leading industry firms such as Binance Institutional, Huobi Global, Morningstar Ventures, Spark Digital Capital, and others provided financial support.
As per the report “Skynet EGLD Capital” raised more than $40 million in a recent fundraiser, aimed to support the growth of the Elrond Network ecosystem.
Top venture capital firms such as Spark Digital Capital, Woodstock, Morningstar Ventures, and Verko led the investment. Binance Institutional, KuCoin, Huobi Group, and Bitmart are among the leading cryptocurrency companies that have participated in the funding round.
More than $40 million were raised in less than 14 days. Some of the proceeds have already been invested in various Elrond projects, including the Itheum and Maiar Exchange products.
Jordy Fiene, Founding Partner of “Skynet ELGD Capital,” stated that his company has been a “strong supporter” of Elrond and its technology.
“The network is rapidly maturing, and new waves of builders are joining the ecosystem at an unprecedented pace. This is the perfect time to double down on our commitment and support Elrond’s journey,” the executive added.
Elrond Network Co-Founder and CEO Beniamin Mincu believes that institutions are currently “racing” to become a part of the Web3 ecosystem. He hopes that “Skynet EGLD Capital” will provide the “quickest path to sustainable development and new markets for the most ambitious innovators building with Elrond blockchain technology.”
![Pinterest](https://pinterest.com/pin/create/button/?url=https://cryptoshrypto.com/skynet-egld-capital-raises-more-than-40-million-to-boost-elrond-ecosystem/&media=https://cryptoshrypto.com/wp-content/uploads/2022/04/ELr.jpg&description="Skynet EGLD Capital” raised more than $40 million to the Elrond Network ecosystem to accelerate the ecosystem's development.){kind=link}