Cancore Completes $7.2 Million Seed Round Financing with Participation from Paper Ventures and Others

The cross-chain trading platform Cancore has completed a $7.2 million seed round financing, conducted through a Simple Agreement for Future Tokens (SAFT), with a fully diluted valuation of $60 million corresponding to its planned issuance of the CNRX token. The investors include Paper Ventures, dao5, ArkStream Capital, X Ventures, MH Ventures, and Proof of Talk, with Paper Ventures and dao5 receiving the largest shares. Wasif Rashid, co-founder and CEO of Cancore, stated that the company began reaching out to investors in June this year, officially launched the financing in July, and completed it in mid-September.

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