In October 2018, StarkWare, a company behind Starknet, made an official announcement regarding the completion of a substantial $30 million Series A equity round, with Paradigm taking the lead in the investment. This fundraising stage attracted notable participation from new investors, including Intel Capital, Sequoia, Atomico, DCVC, Wing, Consensys, Coinbase Ventures, Multicoin Capital, Collaborative Fund, Scalar Capital, and Semantic Ventures. Existing investors Pantera, Floodgate, and Naval Ravikant also demonstrated continued support by participating in the round.
As a testament to the strategic importance of this funding round, Matt Huang of Paradigm, a co-founder and former partner at Sequoia, will be joining StarkWare's board of directors.