
Mo Shaikh and Avery Ching, former members of Meta Platforms Inc’s (NASDAQ: FB) Diem cryptocurrency project, have raised $200 million for their new crypto start-up Aptos.
What Happened: In an announcement on Tuesday, Aptos said it had raised $200 million in a strategic round led by Andreessen Horowitz. The investment round also saw participation from several high-profile venture funds such as Coinbase Global Inc’s (NASDAQ: COIN) Coinbase Ventures, Tiger Global, Multicoin Capital, and FTX Ventures.