Founded by former employees of Meta stablecoin arm Diem, blockchain company Aptos Labs announced a US$150 million Series A funding round led by FTX Ventures and Jump Crypto on Monday, according to a press release.

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Fast facts

  • Venture capital and crypto firms such as Andreessen Horowitz, Multicoin Capital, and Circle Ventures joined in, Aptos said.
  • Aptos said the latest fundraise would support the company’s growth in gaming, social networks, media and entertainment, and finance.
  • The funding round more than doubled the startup’s previous valuation, which was over US$1 billion in March, according to Bloomberg.
  • Aptos Labs has raised at least US$350 million this year; its March seed round closed at US$200 million, led by Andreessen Horowitz.

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