Crypto startup Worldcoin Raises $100m through Token Sales, Worth $3 Billion

Crypto startup Worldcoin is raising $100 million, which owns about $3 billion worth of cryptocurrency tokens in total, according to the report from The Information. - 2022-03-23T172946.142.jpg

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Worldcoin raised $100 million from investors, including Andreessen Horowitz, a previous backer, and Khosla Ventures through the sale of its Worldcoin tokens. Their latest funding was raised on Jan 26 from a seed round.

On Oct 21, 2021, Worldcoin raised $25 million at a $1 billion valuation.

Investors include hedge fund Three Arrows Capital, a16z, Coinbase Ventures, Digital Currency Group, crypto fund Multicoin Capital, including angel investor Sam Bankman-Fried, founder of FTX, and LinkedIn co-founder Reid Hoffman.

Worldcoin, founded in 2019, is a new global digital currency that will launch by giving every human on Earth a free share.

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