Share this article
DLT Platform Hedera Hashgraph Completes $100 Million Raise
Decentralized ledger startup Hedera Hashgraph has raised $100 million to build out its platform and launch its network, the firm said Wednesday.
By Nikhilesh De
Updated Sep 13, 2021, 8:14 a.m. Published Aug 1, 2018, 11:59 a.m.
Make us preferred on Google
Hedera Hashgraph has raised $100 million in a new funding round.
According to CEO and co-founder Mance Harmon, the funding will be used to finish developing and launching the startup's network..
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Going forward, Harmon continued, the plan is to raise a further $20 million through a public initial coin offering (ICO) that will be open only to accredited investors.
Harmon said he could not name most of the investors in the $100 million round, though he noted that Blocktower's Ari Paul did contribute, and that Hedera employees contributed roughly 10 percent of the total.
All of the funds will go toward improving Hedera's public ledger, he said, adding:
"We're taking that tech, the hashgraph, and trying to address the problems we see in the market that prevent mainstream adoption of public ledger technology and there's really four categories."
The funding is part of the $18 million raised through a private token sale earlier this year, as CoinDesk reported in March. At the time, the company said that game developer MZ – maker of apps like Mobile Strike – would create distributed apps that would run on the Hedera Hashgraph platform.
Dollars image via Shutterstock
More For You
KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
What to know:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
More For You
Bitcoin and ether volatility trading gets easier with Polymarket's new contracts
Polymarket has launched new prediction markets tied to Volmex's bitcoin and ether 30-day implied volatility indices.
What to know:
- Polymarket has launched new prediction markets tied to Volmex's bitcoin and ether 30-day implied volatility indices, allowing users to bet on how high volatility will get in 2026.
- The contracts pay out if volatility indices reach or exceed a preset level by Dec. 31, 2026, letting traders wager on the intensity of price swings rather than market direction.
- Early trading implies roughly a one-in-three chance that bitcoin and ether volatility will nearly double from current levels.
Top Stories
