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Paradigm Leads $9 Million Round for Cosmos Creator Tendermint

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Blockchain interoperability project Tendermint has raised $9 million in a Series A funding round led by technology-focused venture capital firm Paradigm.

Announcing the news on Thursday, Tendermint said that other participants in the round included Bain Capital and 1confirmation, among others. The investment will go toward supporting the firm’s continued development of the Cosmos Network, expanding its team and making its business model “sustainable.”

Just a day before the funding was announced, Tendermint launched Cosmos Hub, a blockchain designed to improve interoperability between any number of other blockchains, after nearly three years of planning and development. Cosmos Hub is the ...

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