Solayer Completes $12 Million Seed Round, Led by Polychain Capital

BlockBeats news, on August 28, Solana ecosystem re-pledge agreement Solayer completed a $12 million seed round of financing, led by Polychain Capital, with participation from Big Brain Holdings, Hack VC, Nomad Capital, Race Capital, ABCDE and Arthur Hayes' family office Maelstrom. This round of financing brings Solayer's valuation to $80 million.

The round of financing ended in May and was structured as a simple future equity agreement (SAFE) with token warrants.

Earlier this month, Binance Labs said it had invested in Solayer, and the company's investment was part of the same $12 million seed round. Last month, Solayer also announced a pre-seed round of financing of an undisclosed size from angel investors, including Solana co-founder Anatoly Yakovenko and Polygon co-founder Sandeep Nailwal.