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Benzinga
Benzinga
Business
Samyuktha Sriram

Ex-Meta Workers Raise $200M For Crypto Startup From Coinbase, a16z After Departing From Failed Diem Project

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.

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