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PARAGRAPH receives $5 million in financing and acquires MIRROR, with participation from USV and COINBASE VENTURES

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Odaily
363Words
May 2, 2024

WEB3 content publishing platform PARAGRAPH has completed a $5 million financing round, with participation from UNION SQUARE VENTURES (USV) and COINBASE VENTURES. In addition, PARAGRAPH also announced the acquisition of WEB3 content publishing platform MIRROR. The MIRROR team will continue to operate independently and will shift its focus to the development of the FARCASTER-based WEB3 social application "KIOSK". In October 2022, PARAGRAPH has completed a $1.7 million financing round, led by LEMNISCAP, with participation from FTX VENTURES, BINANCE LABS, GCR and SEED CLUB VENTURES. PARAGRAPH founder COLIN ARMSTRONG will serve as CEO, and MIRROR founder DENIS NAZAROV will serve as an advisor.

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