TechFlow News — Web3 incubator PANONY has completed a Series A funding round at a $100 million valuation, with the amount raised undisclosed. The round was participated in by NGC Ventures and others. Funds will be used to expand into other jurisdictions, launch new service offerings, and scale its network capabilities. CEO Tsai identified NFTs, DAOs, and DeFi as promising areas of innovation.
Founded in 2018 by Alyssa Tsai and Tongtong Bee, PANONY invests in blockchain- and Web3-focused startups, providing ongoing advisory and business support. The company operates in Greater China, South Korea, and the United States.Source link
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