Rising Star Renzo Utilizes Track Record to Secure Seed Funding through ETH Pledge for “Dual Mining”

Rising Star Renzo Utilizes Track Record to Secure Seed Funding through ETH Pledge for "Dual Mining"

Rising Star Renzo Utilizes Track Record to Secure Seed Funding through ETH Pledge for "Dual Mining"

Renzo, led by Maven11 Capital, raised $3.2 million with a valuation of $25 million in the latest seed funding round. Other investors include Figment Capital, SevenX Ventures, and IOSG Ventures. According to Lucas Kozinski, co-founder of Renzo, this funding round is a hybrid form of equity and token ownership, with a 1:1 ratio. This means that investors will receive an equivalent amount of company equity and future token ownership for their investment.