{"id":46031,"date":"2021-07-13T21:07:56","date_gmt":"2021-07-13T18:07:56","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=46031"},"modified":"2025-09-01T14:19:12","modified_gmt":"2025-09-01T11:19:12","slug":"ethereum-project-connext-raises-12-million-from-consensys-backed-mesh-and-1kx","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/ethereum-project-connext-raises-12-million-from-consensys-backed-mesh-and-1kx\/","title":{"rendered":"Ethereum project Connext raises $12 million from ConsenSys-backed Mesh and 1kx"},"content":{"rendered":"<p>The blockchain interoperability-focused project Connext has raised $12 million from 1kx and Mesh, the ConsenSys-backed firm.<\/p>\n<p><!--more--><\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Today, we\u2019re thrilled to announce that we\u2019ve raised a $12m ecosystem round from 82(!) leading stakeholders in the space.<a href=\"https:\/\/t.co\/EnI9TB77ov\">https:\/\/t.co\/EnI9TB77ov<\/a><\/p>\n<p>1\/ <a href=\"https:\/\/t.co\/SyzSnXr7nD\">pic.twitter.com\/SyzSnXr7nD<\/a><\/p>\n<p>\u2014 Connext | We\u2019re Hiring! (@ConnextNetwork) <a href=\"https:\/\/twitter.com\/ConnextNetwork\/status\/1414991448311730191?ref_src=twsrc%5Etfw\">July 13, 2021<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The funding was provided by 82 investors. Among them: Coinbase Ventures, OkEx Ventures, eGirl Capital, Hashed, as well as various angel investors, including Andre Cronje of yEarn.Finance and Sandeep Nailwal from Polygon.<\/p>\n<p>The funds will be used by the startup to expand the team, further develop the Connext ecosystem through the grant program, and scale the network.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201cWe will work on integrating with all layer-2 projects, as well as with other Ethereum-compatible networks\u201d<\/em>, \u2014 said in an interview with <a href=\"https:\/\/www.theblockcrypto.com\/post\/111150\/ethereum-based-interoperability-network-connext-raises-12-million-funding\">The Block<\/a>, the project\u2019s CEO Arjun Bhupatani.<\/p>\n<\/blockquote>\n<p>To scale, Connext will increase the number of \u201crouters\u201d or liquidity providers.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201cWe are onboarding the ten leading staking providers. We are also attracting a group of investors who intend to become liquidity providers. The same role is ready to be taken on by about 200 technical specialists who submitted applications\u201d<\/em>, \u2014 Bhupatani commented.<\/p>\n<\/blockquote>\n<p>According to project representatives, Connext has attracted 40,000 unique users, and the volume of completed deals has reached $40 million.<\/p>\n<p>Earlier in March, the creators of the solution<a href=\"https:\/\/forklog.com\/en\/news\/connext-raises-2-2-million-seed-round-from-huobi-and-polychain-capital\"> attracted $2.2 million<\/a> in seed funding.<\/p>\n<p>Subscribe to ForkLog\u2019s Telegram news: <a href=\"https:\/\/t.me\/forklogfeed\" target=\"_blank\" rel=\"nofollow noopener\">ForkLog Feed<\/a> \u2014 the full news stream, <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener\">ForkLog<\/a> \u2014 the most important news, infographics and opinions <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The blockchain interoperability-focused project Connext has raised $12 million from 1kx and the ConsenSys-backed Mesh.<\/p>\n","protected":false},"author":1,"featured_media":26216,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1578,1133],"class_list":["post-46031","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-connext","tag-venture-investments"],"aioseo_notices":[],"amp_enabled":true,"views":"20","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/46031","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=46031"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/46031\/revisions"}],"predecessor-version":[{"id":46032,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/46031\/revisions\/46032"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/26216"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=46031"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=46031"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=46031"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}