"IMUA Raises $5M for Blockchain Security: Draper Dragon Leads"

Coin WorldMonday, Feb 24, 2025 9:26 pm ET

1min read

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The Shared Security Universal Protocol IMUA has successfully raised $5 million in a seed round financing, with Draper Dragon leading the investment.

IMUA, an L1 blockchain, is designed specifically for shared security. It aggregates on-chain decentralized security from top blockchains and extends it as a service to the off-chain world, including artificial intelligence, gaming, crypto networks, traditional finance, and other fields.

Draper Dragon, No Limit Holdings, Paramita Capital led the round, with participation from Reforge Capital, Caladan Capital, Tané Labs, Syntax Capital, MH Ventures, 57 Blocks, Lecca Ventures, and others.

The funding will support IMUA's mission to provide a robust and secure infrastructure for various industries, enabling them to leverage the benefits of blockchain technology while mitigating security risks.

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