Web3 product development studio Pontem has completed a $6 million financing round, co-led by Faction and Lightspeed Venture Partners.

According to BlockBeats news on January 12, Web3 product development studio Pontem has completed a $6 million funding round, co-led by Faction and Lightspeed Venture Partners, with participation from Pantera Capital, Aptos Foundation, Wintermute, Altonomy, Shima Capital, and Kraken Ventures. Pontem plans to use the funding to enable developers to build applications that are compatible with both the Ethereum Virtual Machine and Move, thus extending the use of the Move programming language beyond the Aptos and Sui blockchains. Following a $4.5 million private placement round led by Mechanism Capital and Kenetic Capital, as well as Delphi Ventures and Animoca Brands in June 2021, the latest funding round brings Pontem's total fundraising to $10.5 million.