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Arweave Raises $5M Round Led by a16z, Multicoin Capital, and Union Square Ventures

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Arweave is one step closer to its mission of being “new Library of Alexandria” thanks to a successful fundraising round led by a16z, with participating investors such as Multicoin Capital and Union Square Ventures. 

Arweave aims to create a sustainable “permaweb”, which is essentially a decentralized and permanent version of the web where content is immutable and can’t be lost. 

“[Arwave’s mission is] ensuring that humanity’s shared knowledge and history is available to all future generations,” states Sam Williams, Founder of Arweave. “We have achieved exceptional growth in a small period of time.”

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