이 기사 공유하기
Sequoia China, Polychain Lead Blockchain Startup's $28 Million Round
Blockchain startup Nervos Network just raised $28 million from Sequoia China and Polychain, as well as several token funds and traditional VCs.
작성자 Wolfie Zhao
Blockchain startup Nervos Network has announced the completion of a $28 million Series A funding round.
The company said on Wednesday that major investors in the round included token-focused hedge fund Polychain and venture capital firm Sequoia China, as well as several China-based blockchain startups like wallet services Bixin and imToken.
STORY CONTINUES BELOW
The new financing will be put to use expanding Nervos' product and engineering team with the aim of speeding up the development of its own enterprise blockchain infrastructure, the firm said.
Co-founded by Jan Xie, a former ethereum foundation developer who authored the Ruby implementation, the startup aims to create its own public blockchain network, also called Nervos.
Taking a hybrid approach that combines a public blockchain with another layer of what it calls an "application chain," Nervos claims the system will resolve the common blockchain issues of scalability and security simultaneously.
The approach is meant to allow companies to develop decentralized applications on top of a secure public network, but run them in the application chain layer – removing the need for enterprises to commit "their entire tech stack to the blockchain."
Xie said in the announcement:
"While there are undeniable benefits for enterprises that utilize blockchain technology to innovate and improve existing systems, enterprise adoption has been held back by a host of challenges like scalability, security, and complexity."
The new funding also marks the latest investment move by Sequoia China in the blockchain industry, following recent reports of the venture capital firm's participation in bitcoin mining giant Bitmain's Series B round funding.
Earlier this year, Polychain also invested in a Swiss blockchain startup's $61 million funding round with venture capital giant Andreessen Horowitz. DFINITY Stiftung said the funding would go toward development of its protocol, aimed to support a public decentralized cloud computing platform.
Coins image via Shutterstock
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Bitcoin’s Deep Correction Sets Stage for December Rebound, Says K33 Research
K33 Research says market fear is outweighing fundamentals as bitcoin nears key levels. December could offer an entry point for bold investors.
What to know:
- K33 Research says bitcoin’s steep correction shows signs of bottoming, with December potentially marking a turning point.
- The firm has argued that the market is overreacting to long-term risks while ignoring near-term signals of strength, like low leverage and solid support levels.
- With likely policy shifts ahead and cautious positioning in futures, K33 sees more upside potential than risk of another major collapse.
Top Stories
