Wormhole Labs raises $225 million Series A funding round

Wormhole Labs/Wormhole

Wormhole Labs announced a Series A funding round at a $2.5 billion valuation. The funding round included major investors from the crypto ecosystem and marked the protocol's transition to operating as an independent company separate from Jump Crypto.

• $225 million raised at $2.5 billion valuation in December 2023.
• Series A investors included Coinbase Ventures and Brevan Howard among others.
• Transition to independent company following initial development at Jump Crypto.