Former Andreessen Horowitz execs launch Bastion after $25M funding round

Cointelegraph
Cointelegraph

19 Sep 2023 3:26 AM

Two former Andreessen Horowitz (a16z) executives have launched an enterprise web3 integration forum called Bastion, raising $25 million in the process....

  • Two former executives from Andreessen Horowitz's (a16z) crypto division have raised $25 million in seed funding for their Web3 startup, Bastion.
  • Bastion aims to help companies integrate Web3 infrastructure into their existing enterprise technologies.
  • The funding round was led by a16z crypto, with other investors including Nomura Group's Laser Digital Ventures, Robot Ventures, Aptos Ventures, and Alchemy Ventures.
  • The funds will be used to scale company operations, recruit engineering talent, and diversify product offerings.
  • Despite the ongoing crypto winter, Bastion's successful funding round highlights the potential for Web3 startups.

The article highlights the success of Bastion in raising $25 million in seed funding for their Web3 startup, despite the recent downturn in crypto venture funding. The sentiment is positive, emphasizing the potential and support for Web3 technologies.

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How much funding did Bastion raise in their seed funding round?Who were the investors in Bastion's seed funding round?What is Bastion's goal as a company?How does Bastion plan to use the funding?What is the significance of Bastion's successful funding round in the context of the crypto winter?

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