Renegade Completes $3.4 Million Seed Round Financing

02/20/2023 13:44 • NFT Newsflash • 137 views

It is reported that Renegade announced the completion of $3.4 million seed round financing, with Dragonfly and former AngelList CEO Naval Ravikant leading the investment, Balaji Srinivasan and Lily Liu, Tarun Chitra from Robot Ventures and Lev Livnev from Symbolic Capital Partners and other angel investors participating in the investment.

Renegade completed $3.4 million of seed round financing

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Renegade, a decentralized and private blockchain-based solution for social media, has announced that it has successfully completed a $3.4 million seed round financing. The funding round was led by Dragonfly and former AngelList CEO Naval Ravikant, with the participation of Balaji Srinivasan and Lily Liu, Tarun Chitra from Robot Ventures, Lev Livnev from Symbolic Capital Partners, and other angel investors.

Renegade offers a decentralized ecosystem for social media, enabling users to have complete control over their data and protect their privacy. The platform uses blockchain technology to eliminate intermediaries and ensure that no third party owns or controls the data. This results in greater transparency and security, and offers users complete control over their content.

The funding will enable Renegade to further develop its blockchain-based social media solution and expand its user base. The investment also reflects the growing interest in decentralized technologies and their potential to disrupt traditional industries.

The participation of prominent investors such as Dragonfly and Naval Ravikant validates Renegade’s potential to become a major player in the social media space. Dragonfly, a venture capital firm focused on blockchain projects, has previously invested in other blockchain-based social media platforms such as Whisper and Blockstack. Similarly, Naval Ravikant is a highly respected angel investor who has backed several successful startups including Twitter, Uber, and Yammer.

Overall, the completion of the seed round financing is a significant milestone for Renegade, as it provides the necessary resources to further develop its platform and achieve its mission of bringing greater privacy and control to social media users. The investment also highlights the growing interest in decentralized technologies and their potential to revolutionize industries beyond finance.

In conclusion, Renegade’s completion of the $3.4 million seed round financing is a significant development in the emerging field of blockchain-based social media. The investment from prominent investors such as Dragonfly and Naval Ravikant underscores the potential of decentralized technologies to disrupt traditional industries and create new opportunities. Renegade’s solution of a decentralized and private blockchain-based platform for social media could potentially attract users who value privacy and control over their data, and it will be interesting to see how the platform evolves and competes in this increasingly crowded space.

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Renegade Completes $3.4 Million Seed Round Financing

Renegade completed $3.4 million of seed round financing

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