Total amount raised
$30 Millions
Latest funding date
2/1/2025
Location
Plume Network has successfully raised $20 million in a Series A funding round, backed by 280 Capital and other investors. The platform is designed to scale Real World Assets (RWAs) into globally accessible financial tools with true crypto-native utility.
Keep reading to explore the intricacies of Plume Network's fundraising journey and the investors backing this innovative platform.
What Is Plume Network?
Plume Network, founded in 2023, is based in San Francisco, California. The company was established by Chris Yin and currently employs between 11 to 50 people.
Plume Network specializes in developing a blockchain platform designed to onboard and manage diverse real-world assets (RWAs). Their platform includes a range of tools and services to simplify asset onboarding and enable seamless DeFi integration.
With a focus on compliance and ease of use, Plume Network offers a no-code solution for deploying assets, a trading platform, and an accelerator program to support web3 projects.
How Much Funding Has Plume Network Raised?
- Seed Round
- Amount Raised: $10M
- Date: May 2024
- Lead Investors: Haun Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the development of Plume’s platform and infrastructure, enabling the initial phase of bringing traditional financial assets on-chain.
- Series A Round
- Amount Raised: $20M
- Date: December 2024
- Lead Investors: BH Digital, Faction, Galaxy Digital, Haun Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate the development of Plume's own layer 1 blockchain and support the mainnet launch scheduled for early next year.
- Series A Extension
- Amount Raised: Not disclosed
- Date: February 2025
- Lead Investors: Animoca Ventures, LayerZero Labs
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further expand Plume’s RWA finance ecosystem and support new applications and products in emerging markets.
Total Amount Raised: $30M. Current Valuation: Not publicly disclosed.
Key Investors
- Animoca Ventures
- Details: Animoca Ventures is a venture capital firm that focuses on investments in the blockchain and gaming sectors. They are known for their strategic investments in companies that leverage blockchain technology for gaming and digital assets.
- Investment Focus Areas: Blockchain, gaming, digital assets
- Notable Investments: Axie Infinity, The Sandbox, OpenSea
- LayerZero Labs
- Details: LayerZero Labs is a blockchain infrastructure company that focuses on creating interoperability solutions for decentralized applications. Their technology aims to connect different blockchain networks seamlessly.
- Investment Focus Areas: Blockchain infrastructure, interoperability, decentralized applications
- Notable Investments: Stargate Finance, SushiSwap, PancakeSwap
- BH Digital
- Details: BH Digital is the digital asset investment arm of Brevan Howard, a global alternative investment management firm. They focus on investments in the digital asset and blockchain technology sectors.
- Investment Focus Areas: Digital assets, blockchain technology
- Notable Investments: Not publicly disclosed
- Galaxy Digital
- Details: Galaxy Digital is a diversified financial services firm dedicated to the digital asset and blockchain technology sector. They provide asset management, trading, and advisory services.
- Investment Focus Areas: Digital assets, blockchain technology, financial services
- Notable Investments: BlockFi, Bakkt, BitGo
- Haun Ventures
- Details: Haun Ventures is a venture capital firm focused on investing in Web3 and blockchain technologies. They aim to support the growth of decentralized networks and applications.
- Investment Focus Areas: Web3, blockchain technologies, decentralized networks
- Notable Investments: OpenSea, Coinbase, Dapper Labs
What's Next for Plume Network?
Plume Network stands at the cusp of a significant opportunity, poised to revolutionize the integration of real-world assets (RWAs) with blockchain technology. With over 180 protocols and $4 billion in assets already onboarded, the potential for growth is immense. The upcoming mainnet launch and the ability to tokenize diverse assets like private credit funds and renewable energy financing could unlock trillions of dollars in market value over the next decade.
Future fundraising efforts are likely as Plume scales its operations and attracts more traditional finance and crypto-native investors. The recent oversubscribed pre-deposit campaign and successful Series A round indicate strong investor confidence. However, challenges such as regulatory compliance, competition, and maintaining a secure infrastructure will need to be navigated carefully to sustain this growth trajectory.
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