Itheum Raises Fresh Capital in Its Latest Funding Round
The session has attracted well-established web3 and investment firms, including Elrond Foundation, Mechanism Capital, Ascensive Assets, Woodstock, Skynet EGLD Capital, ZBS Capital, MHC Digital Finance, Spark Digital Finance, and many others.
Last January, Itheum also joined our Elrond Dubai Incubator, an initiative we have launched to support projects building on the Elrond blockchain, which provided an additional $1.5M funds to the Itheum team. The project has raised $4M in total, confirming a substantial interest across major leading investors of the crypto space.
Last week, Itheum also entered the Elrond Ecosystem by becoming the second-ever official project to be accepted on the Maiar Launchpad. This partnership represents another incredible professional achievement, and it confirms the hard work and dedication the Itheum team has delivered so far. Besides, the collaboration with the Maiar Launchpad shapes an excellent opportunity to bring the service to more users and developers.
Mark Paul, Founder of Itheum, recently commented: It’s been an exciting few months for Itheum, with our web3 data technology establishing a unique value proposition for a decentralized, open metaverse. In a time when the world is concerned about data centralization and data exploitation, Itheum provides a much-needed opportunity for change — a vision that is shared by our amazing investors with whom we are glad to now share this journey.
Danilo Carlucci, CEO at Morningstar Ventures, stated: “We are excited about this new batch of fresh investors that will help us support Itheum long term, and seeing them aligned with the strong conviction we have had in them, provides many opportunities.”
At Morningstar Ventures, we are very proud to share the path with this successful project and his incredible team. It’s exciting to be one of the critical partners of the world’s first “Open Metaverse” data platform, and we do not doubt the success and bright future of this project.
Itheum is the world’s first decentralized multi-chain data-brokerage platform powered by the Elrond blockchain. It has been in development for the last three years with a vision to unlock data silos created and closely guarded by Web2 organizations. Itheum’s team recognizes that data is a highly tradable asset with immense worth for its controllers and aims to help users own and trade their data in the Web3 and metaverse era.
About Morningstar Ventures
Morningstar Ventures is an investment firm backing ambitious ideas by early-stage founders. Based in Dubai, Morningstar Ventures focuses primarily on the blockchain and digital assets space and is led by Chief Investment Officer Danilo S. Carlucci. The firm is active in both token investments and equity investments and has a particularly strong focus on the Elrond ecosystem.