TechFlow news, according to Fortune, sources revealed that venture capital firm Paradigm is in talks to lead a $200 million funding round for Monad Labs.
This funding round will follow the $19 million seed round announced by Monad Labs in February 2023, valuing the startup at $3 billion. Paradigm has indicated it will invest $150 million and has been reaching out to other investors since late 2023 to assess their interest in participating in the round.
A spokesperson for Paradigm declined to comment, and Keone Hon, co-founder and CEO of Monad Labs, did not immediately respond to requests for comment.
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