Thesis Attracts $21M in Series A Fundraising

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Cryptocurrency venture studio Thesis has just completed a Series A funding round in which the company has attracted $21 million, The Block has reported.

The participants in the found include ParaFi Capital, Nascent, Fenbushi Capital, Polychain Capital and Draper Associates as well as angel investors Synthetix founder Kain Warwick, Summa and Bison Trails.

Dan Elitzer, co-founder of Nascent has also joined Thesis’s boards of directors.

According to the company, the funding has been made through an equity round.

The funds raised will be used to scale the company by launching new projects and expanding its technological capabilities. In addition, the firm also wants to boost its international expansion.