Lifeform Raises $100 Million in Round A Financing

02/25/2023 07:05 • NFT Newsflash • 146 views

It is reported that Lifeform, a DID solution provider, completed the round A financing with a valuation of US $100 million. This round of financing was led by Geek Cartel, with KuCoin Labs, DHVC, SevenX Ventures, Foresight Ventures, K24 Ventures and AnotherWorld participating.

Lifeform completed round A financing with a valuation of US $100 million, and Geek Cartel led the investment

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Lifeform, a renowned decentralized identity (DID) solution provider, has successfully closed a round A financing with a total valuation of US $100 million. The financing round was led by Geek Cartel, an American-based venture capital firm, with participation from other major players in the investment landscape, such as KuCoin Labs, DHVC, Foresight Ventures, K24 Ventures, SevenX Ventures, and AnotherWorld. The successful completion of this funding round represents a significant milestone for Lifeform as it seeks to become a leading player in the DID industry.

DID solution providers have been gaining attention in recent years as the demand for secure and decentralized identity management systems continues to grow. Lifeform offers a DID solution that allows users to securely manage and control their online identities. Their system uses advanced blockchain technology to ensure a high level of security and transparency, making it an ideal solution for individuals, organizations, and governments that require secure identity management.

The success of this round A financing is a testament to the growing interest in DID solutions and the potential for Lifeform’s technology to revolutionize the industry. The funding will ultimately enable Lifeform to expand its operations, accelerate the development of its technology, and attract top talent to the company.

Geek Cartel’s leadership in the funding round is notable as it is an experienced venture capital firm with a proven track record of supporting innovative technology startups. KuCoin Labs, another participant in the funding round, is a blockchain incubator with a keen focus on supporting projects that leverage blockchain technology to solve complex problems. Their involvement highlights the growing importance of the blockchain industry in supporting emerging technologies like Lifeform’s DID solution.

In conclusion, Lifeform’s successful round A financing is a significant milestone for the company, the DID industry, and the broader blockchain ecosystem. With a valuation of $100 million, Lifeform is poised to become a leading player in the DID solution provider market. The participation of prominent investors such as Geek Cartel and KuCoin Labs underscores the potential that Lifeform’s technology has, and it is exciting to see how the DID industry will evolve in the coming years.

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Lifeform Raises $100 Million in Round A Financing

Lifeform completed round A financing with a valuation of US $100 million, and Geek Cartel led the investment

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