Two VC Firms Invest $27.5 Million in Maker Foundation

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On Thursday, Maker Foundation announced that it has been successful in gaining a significant amount of capital from two venture capital firms. According to Maker Foundation, it has recently raised an amount of $27.5 million from a direct sale through 5.5% of MKR total supply to Paradigm and Dragonfly Capital Partners. As a result, Maker Foundation has reached a net worth of $500 million through this capital. This capital will be expanding into Asian markets in the future. Also, both Paradigm and Dragonfly Partners will engage themselves in the on-chain governance of the decentralized organization.  

 

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