Solana
Private Round 2018

Solana is a high-performance, base-layer blockchain protocol designed to facilitate the creation of scalable decentralized applications (dApps), powered by its native utility token, SOL.

On June 3, 2018, Solana Labs closed its founding private token sale, as a part of its $20M Series A Round, successfully securing $12.63 million to support ongoing network operations and development. During this round, approximately 63.15 million SOL tokens - representing 12.92% of the initial supply - were sold to institutional participants at a price of $0.20 per token. The funding round was led by Multicoin Capital, with additional participation from prominent venture funds including Foundation Capital, Slow Ventures, and BlockTower Capital. All tokens distributed to investors during this transaction were subject to a strict lock-up period until January 7, 2021.