Launch X, a decentralized multi-chain, governance-based IDO Launchpad, led by Marshland Capital, Magnus Capital and Valaren Ventures, has successfully completed a private funding round of $600k.
The raise was supported by a star-studded cast of reputable VC’s, including Moonrock Capital, Ascensive Assets, Morningstar Ventures, Genblock Capital, Raptor Capital, Moonwhale Ventures, AU21 Capital, x21 Digital, DWeb3, and Vendetta Capital.
Launch X is a cross-chain, B2B ecosystem that gives startups the flexibility to raise capital in a decentralized manner across multiple blockchains and aims to be a partner at the forefront of the Binance Smart Chain economy.
Alex Smith, the Managing Partner at Moonrock Capital, had this to say about the project:
“The partners at Moonrock Capital are delighted to be collaborating with the talented team at LaunchX. LaunchX, a multi-chain decentralized IDO launchpad platform, provides a seamless all in one cryptocurrency service. The governance model particularly resonated with MRC as it allows for a truly transparent and fair listing process. Providing the ability for startups to launch on any blockchain, LaunchX is developing a unique DAO protocol never seen before. MRC did not hesitate to invest in LaunchX as we believe that this technology will be the forerunner for all future launchpads.”
Business News Governmental News Finance News
Need Your Help Today. Your $1 can change life.