Tools for Humanity, the team behind Sam Altman’s crypto startup Worldcoin, has recently raised $115 million in a Series C funding round led by Blockchain Capital, with other investors such as Andreessen Horowitz, Bain Capital Crypto, and Distributed Global taking part.
According to the company, the funds are meant to accelerate the development and deployment of both the Worldcoin and World App wallet, the commission-free product.
“As we enter the age of AI, it is crucial that people can maintain their privacy by verifying their identity, but still take advantage of the financial opportunities that artificial intelligence provides,” said head of Tools for Humanity Alex Blania.
Prior to this, Sam Altman’s OpenAI was in “preliminary negotiations” to raise $100 million for his crypto startup.
This year, Andreessen Horowitz, Coinbase Ventures, and Digital Currency Group, as well as a set of angel investors, such as FTX founder Sam Bankman-Fried and LinkedIn co-founder Reed Hoffman, took part in a $25 million investment round in Worldcoin.