Particle Network is a modular chain-abstraction Layer-1 blockchain project. The team is preparing a testnet second phase expected to start this week and plans a mainnet launch in Q3, with its PARTI token launching alongside mainnet. The company currently has just over 30 employees and intends to expand to more than 40, hiring engineering and operations staff. It completed a $15M Series A financing structured as a SAFT (simple agreement for future tokens). Proceeds will be used to scale the team and support the network launches. Particle Network offers a mobile app data and development platform for Web3 that provides scalable, decentralized backends and data infrastructure for developers. Its full-stack Web3 infrastructure aims to enable developers to execute projects from idea to deployment in a single workflow for high-performance dApps. Developers can integrate Particle Network via APIs and implement functions by setting parameters and front-end designs. The company said it will use the new capital to expand operations and its development efforts. Financially, Particle Network raised $7M in the current funding round and previously raised $1.8M in a pre-seed round in April 2022. The company is based in Singapore. Particle Network provides a fully managed backend infrastructure and development toolkit for building, hosting, and scaling Web3 mobile gaming dApps. The platform supports multiple chains including Solana, BNB Chain, Polygon, Immutable X, Avalanche, Flow, Evmos and Wax. It helps developers clean and structuralize on-chain data and connect processed data with first-party client data to build user DIDs and enable targeted product iterations and operations. Developers have already built games on the platform, such as Merge Go, Designer 777, Idle Weed Inc and Panda^2. The company raised a $1.5M pre-seed funding round to accelerate growth. Particle Network plans to use the funds to grow its team, nurture a global developer community, and polish its launchpad to give developers the fastest path from idea to mass-scaling Web3 games.

Total raised

$24M

Funding rounds

3

Latest round

Series A

Latest activity

Jun 2024