Wormhole is a developer platform focused on cross-chain messaging and interoperability that allows different blockchain networks to communicate. The company raised $225 million at a $2.5 billion valuation in a recent funding round. Investors included a contribution from its former overseer Jump Trading, along with Brevan Howard, Coinbase Ventures and Multicoin Capital. Wormhole unveiled Wormhole Labs as a core contributor that will build products and tools to expand cross-chain activity and developer adoption. The platform was recently separated from parent Jump Trading Group after Jump scaled back its crypto operations. High‑ranking Wormhole employees, including the CEO and COO, left Jump to run the platform as a separate entity following Jump’s losses tied to the FTX collapse.

Total raised

$225M

Funding rounds

1

Latest round

Equity

Latest activity

Nov 2023