S. Korean Lambda265 Nabs $60M Series B at $300M Valuation

Posted on by American Coins & Gold

S. Korean Lambda265 Nabs M Series B at 0M Valuation
Lambda265, the blockchain arm of South Korean crypto exchange operator Dunamu, closed a $60 million (KRW 71 billion) Series B, bringing its valuation to $300 million, according to a Wednesday press release.The firm will use the funds to invest in its blockchain-as-a-service (BaaS) products, which are used by 3,300 corporate clients, according to the statement. Its flagship platform, Luniverse, helps companies build and manage blockchain systems.Shinhan Venture Capital, Daelim, KB Investments, and SBI Investments, which are new investors to the company, also use Lambda265′s BaaS products, the press release said.Its owner Dunamu, as well as Hanhwa Systems, Chong Kun Dang,…