StoryFunding
Mysten Labs raises $300 million Series B from FTX Ventures, valuing the company at $2 billion
Mysten Labs closed a $300 million Series B funding round led by FTX Ventures, bringing the company's valuation to over $2 billion. The funding was intended to accelerate development of Sui and expand the team.
- Series B funding: $300 million led by FTX Ventures
- Post-money valuation: $2 billion+
- Total funding to date: $336 million (Series A + Series B)
- Funding for Sui development and team expansion