Shardeum raises $18 mn in seed round from a clutch of 60 investors

WazirX founder Nischal Shetty, also co-founder Shardeum, says crypto world needs to work with regulatory bodies

In the midst of a crypto bear market, where investors are getting cautious and in India, where regulatory hurdles persist, Nischal Shetty co-founder of Shardeum, a layer-1 EVM-based shared blockchain startup has raised a seed round of $18.28 million (around Rs 150 crore) from 60 investors.

The round includes prominent investors such as Jane Street, Struck Crypto, The Spartan Group, Big Brain Holdings, DFG, Ghaf Capital Partners, Foresight Ventures. Other notable strategic investors include CoinGecko Ventures, Wemade, ZebPay, Jsquare, MH Ventures, Nestcoin, Veris Ventures, Tupix Capital, Mapleblock Capital and NetZero Capital.

Many influential angel investors participated in the round, including