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Anoma Foundation, a prominent crypto infrastructure provider, is currently negotiating a new funding round that could significantly boost its valuation to $1 billion. Based in Zug, Switzerland, Anoma is in discussions with potential investors to raise $40 million, according to sources familiar with the matter who requested anonymity due to the private nature of the talks. 
Anoma Foundation is renowned for its charge of the Namada blockchain, which facilitates the creation of decentralized applications with a strong emphasis on privacy.&nbsp; 
As per the <a href="https://www.bloomberg.com/news/articles/2024-07-30/anoma-seeks-1-billion-valuation-as-crypto-venture-funding-jumps" target="_blank" rel="noreferrer noopener nofollow">Bloomberg report</a>, Anoma’s spokesperson confirmed, “We are still in active discussions and the details of the round have not yet been finalized.” 
This move highlights a resurgence in investment within the digital asset sector. Crypto venture capital funding has seen a steady increase this year, bolstered by a rebound in the digital asset market and a supportive political climate in the US.&nbsp; 
Notably, Republican presidential nominee Donald Trump’s favorable stance on cryptocurrency has contributed to this positive shift. 
In the second quarter of this year alone, digital-asset ventures attracted approximately $3.2 billion, marking the highest quarterly funding in a year, according to The Block Pro Research. While this figure remains below the $13.5 billion raised during the peak of early 2022, it signifies a robust recovery. 
Previously, Anoma Foundation secured $25 million in funding last year led by CMCC Global. Earlier rounds were spearheaded by Polychain Capital, with other notable backers including Coinbase Ventures, Maven 11, and Figment.&nbsp; 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 Also Read: <a href="https://www.cryptotimes.io/2024/07/27/michigan-pension-fund-invests-in-ark-21shares-bitcoin-etf/" target="_blank" rel="noreferrer noopener">Michigan Pension Fund Invests in ARK 21Shares Bitcoin ETF</a> 
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Anoma Foundation Seeks $40M Funding Round at $1B Valuation

The Crypto Times

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