On January 3, 2025, Haedal Protocol completed its seed round of financing, and the specific amount was not disclosed.
Investors include:
Hashed (a well-known crypto investment fund in South Korea)
OKX Ventures (investment department of Euro Exchange)
Comma3 Ventures
Animoca Ventures (investment institution under Animoca Brands)
Sui Foundation (official support institution of Sui ecosystem)
Flow Traders, Dewhales Capital, Cetus, Scallop, etc.
The participation of many top institutions shows that the project has a strong recognition in the industry, and the financing funds may be used for protocol development, marketing and ecosystem expansion.
Seed round financing usually provides financial support for the early stage of the project. Although the scale of Haedal's financing has not been disclosed, considering the strength of the investment institutions and the popularity of Sui ecosystem, it may be in the millions to tens of millions of dollars (refer to the financing scale of similar projects, such as MilkyWay's seed round of 5 million US dollars).
After the financing was completed, Haedal quickly promoted TGE and launch plans, showing strong execution.