MH Ventures

May 31, 2023

The Anoma Foundation , a non-profit blockchain technology company, has raised $25 million in Series C funding to bring the third generation of blockchain technology into the market and disrupt the existing financial system by offering an alternative that empowers users and enables them to regain control and influence over their financial activities. The round was co-led by prominent blockchain-focused VC firm CMCC Global, with participation from other industry players including Electric Capital, Delphi Digital, Dialectic, KR1, Spartan, NGC, MH Ventures, Bixin Ventures, No Limit, Plassa, Perridon Ventures, Anagram, and Factor. In addition, over 30 angel investors from founders of L1s and dApps to ZK cryptographers endorsed the Foundation’s vision. Anoma will also use the $25 million war chest to further develop and enhance its intent-centric architecture, support ongoing research and development efforts, and drive adoption by providing developers with tools to build applications that were previously not possible on any existing system. In addition, Anoma will also use the funding proceeds to forge strategic partnerships and foster ecosystem development to expand its reach and impact in the market. The substantial financial backing received by Anoma is a testament to the broad acknowledgment and endorsement of their innovative intent-centric architecture. This groundbreaking approach represents a fresh paradigm for constructing blockchain infrastructure layers, gaining significant recognition and support in the industry. With the successful completion of this funding round, the Anoma Foundation is perfectly positioned to continue driving innovation in the blockchain space. “Anoma is the first generalized intent-centric blockchain architecture which enables truly decentralized applications, from decentralized DEXs to decentralized rollup sequencers,” said Adrian Brink, Co-founder of Anoma. “Compared to existing architectures such as Ethereum/EVM, it makes dApps an order of magnitude more composable and an order of magnitude easier to build.” Anoma’s intent-centricity introduces novel primitives that enable existing Web2.5 apps, such as rollups, decentralized exchanges, and NFT marketplaces, to be fully decentralized. Radical architecture also paves the way for novel applications that cannot be built on existing architectures to make their mark. “We are thrilled to have co-led this fundraising round of Anoma,” said Charlie Morris, Co-founder and Managing Partner of CMCC Global. “The team is pushing the boundaries of protocol design and reimagining how base layer infrastructure should operate. It is refreshing to see Anoma’s designs and philosophy against the backdrop of a homogenous group of layer-1 smart contract platforms.” “Anoma’s intent-centric architecture represents a significant advancement across all fronts of blockchain infrastructure including scalability, UX, privacy, and interoperability,” said Tommy Shaughnessy, Founding Partner of Delphi Digital. “We are excited to be part of their journey towards revolutionizing decentralized applications.” “We are super excited to be investing into Anoma,” added Dialectic founder Ryan Zurrer. “Their intent-centricity and inherent focus on low-level privacy promises to unlock novel use-cases, particularly in areas such as next-generation DeFi, and represents a major step forward for the space.” Founded in 2020, The Anoma Foundation is a non-profit organization based in Switzerland with a primary objective of financing and orchestrating the advancement of public goods, including Anoma’s intent-centric architecture and Namada, an L1 protocol renowned for its superior multichain privacy features. Anoma’s groundbreaking approach to constructing blockchain infrastructure layers presents a novel paradigm, simplifying the transition of web2.5 applications into fully decentralized entities. Moreover, Anoma’s initiatives introduce innovative primitives and tools that empower developers to create unprecedented applications.