Description

Connext is a protocol designed to help move funds and data between different blockchain networks safely. It's great for developers who want to create apps that work on multiple blockchains at the same time.

Here's how it works:

Modular Design: Connext has a flexible design, which means it can easily adapt and connect with various blockchain networks.
Hub-and-Spoke Architecture: This setup is like a wheel, with a central hub (Ethereum L1) connected to many spokes (other blockchains or rollups). This ensures strong security since it's based on Ethereum, a well-tested and reliable blockchain.
Easy for Developers: With Connext, developers can create complex apps that interact with different blockchains. This makes it easier to build advanced, cross-chain applications.
Secure Bridges: Connext uses trusted bridges to connect different networks. These bridges are like safe paths, ensuring that data and funds move securely between blockchains.

In summary, Connext is all about making it easier and safer to work with multiple blockchains. It's especially useful for developers building apps that need to interact with different blockchain networks.

Team of the Project

Arjun Bhuptani

Founder and CEO

Arjun's experience has been built in the WEB3 sphere since the beginning, he is Founder and CEO of Connext Inc. for more than 6 years, he is also Co-creator of Moloch DAO - It is a public good meant to help individuals and institutions coordinate around shared resources in a fair and transparent manner.

Layne Haber

Co-Founder

She has a background in Research at WEB2. Layne was President and Founder of Food Recovery Network at UCLA and Chief Executive Officer of Arctica Health, Inc. She has been Co-Founder of Connext for over 6 years.

Rahul Sethuram

Co-Founder & Tech Lead

Rahul started his career as Electrical Engineering Intern at Loadstar Sensors, after which he gained a lot of experience in this field in different companies. After that, he worked as Research Assistant at NASA, has experience as System Test Engineer and Senior Test Engineer at Tesla, where he spent more than 4 years. He was also Co-Founder at Tip'd Off. He is currently Partner at Lone Wolf Partners and CTO at connext Inc.

Funding

$23,200,000

Total Funds Raised

$7,500,000

Strategic Round

Investors were Polychain Capital, NGC Ventures, Polygon Ventures, IOSG Ventures, Fenbushi Capital, KXVC, a_capital, No Limit Holdings, Factor, and Dokia Capital.

The amount of investment and VCs have not been disclosed

Series A (P2)

$12,000,000

Series A (P1)

Led by ConsenSys Mesh and 1kx. Other investors were Scalar Capital, MetaCartel Ventures, Hashed, Ethereal Ventures, eGirl Capital and angels.

$2,200,000

Seed Round (P2)

Led by Polychain. Other investors were Huobi Capital and 1kx.

$550,000

Seed Round (P1)

Investors were Ethereum Foundation, ConSensys Ventures and ConsenSys Mesh.

$120,000

Grant

Led by Ethereum Foundation.

$875,000

Convertible Note Round

Investors were Monta Vista Capital, KR1, Kenetic and Hashed.

Overview

Review

Linity