“Renzo, the Rising Star of the Racetrack, Successfully Completes Seed Round Financing by Pledging ETH to Participate in the ‘Dual Mining’ Program”

"Renzo, the Rising Star of the Racetrack, Successfully Completes Seed Round Financing by Pledging ETH to Participate in the 'Dual Mining' Program"

"Renzo, the Rising Star of the Racetrack, Successfully Completes Seed Round Financing by Pledging ETH to Participate in the 'Dual Mining' Program"

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