CasperLabs developers raise $14 million in private token sale

The CasperLabs startup announced the closing of a private token sale, through which it raised $14 million. The funding round was led by the investment fund Digital Strategy.

Other participants in the round included Digital Strategy, Consensus Capital, Hashkey Capital, RockTree Capital, Gate.io, Consensus Capital and other investors

We’re excited to share today that we’ve closed our $14m private token sale led by crypto fund Digital Strategies. The raise will support our continued success in building out the developer ecosystem on the Casper Network. Learn more: https://t.co/zpXjmImjYY

— CasperLabs (@meetCasperLabs) October 21, 2020

In the statement, CasperLabs notes that the private token sale precedes the launch of the final testnet Casper Delta at the end of this month.

The Casper Network mainnet launch is planned for the first quarter of 2021 and will be accompanied by a public sale of the CLX token. It is expected that the public token sale will be conducted in the form of an exchange-based validator offering (EVO) on the BitMax exchange.

Initially, CasperLabs was experimenting with Casper for the Ethereum network, for which it enlisted the well-known developer Vlad Zamfir as an advisor. In March, the team decided to focus on building its own blockchain based on a Proof-of-Stake algorithm.

In September 2019, CasperLabs, as part of a Series A financing round, raised $14.5 million.

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