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Web3 startup Vana completes $5 million strategic round of financing, led by Coinbase Ventures

BlockBeats news, on September 18, Vana, a Web3 startup dedicated to building a user-owned data pool network, announced on Wednesday that it had completed a $5 million strategic round of financing, led by Coinbase Ventures, bringing its total financing to $25 million.


Vana had previously received investment from Paradigm, which led the company's $18 million Series A financing. The startup has set out to build a DAO network, using its blockchain technology to solve the problem of lack of training data for artificial intelligence models, while providing a way for Internet users to earn income.

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The Coinbase Ventures portfolio has grown to nearly 400 companies, spanning 40+ countries worldwide.
Last week, there were a total of 24 financing deals with a combined amount of approximately $104.45 million, and an average financing amount of $4.3521 million.
Coinbase Ventures is not a company at all: it has no fixed fund size and zero full-time employees.
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