Evmos developers raise $27 million in a token sale led by Polychain

Quick Take

  • Tharsis, the development firm behind Evmos, raised $27 million in a token sale.
  • The team hopes to deploy the newly raised capital toward ecosystem development.

Tharsis, the developers of Evmos blockchain, raised $27 million at an undisclosed valuation in a token sale round led by Polychain Capital. 

Companies like Galaxy Digital, Huobi and HashKey also participated. 

The team hopes to deploy the newly raised capital toward accelerating the development of decentralized applications in the Evmos network ecosystem, Tharsis co-founder Federico Kunze Küllmer said in a statement. 

“As we look ahead, we’re excited to be empowering dApp builders with the best place to launch their products by enabling native interoperability, aligning developer incentives with the use of their dApps,” Kunze Küllmer said.

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Launched in April, Evmos aims to position itself as a leading Cosmos-based blockchain that offers compatibility with Ethereum via Ethereum Virtual Machine (EVM), a computing environment used by Ethereum developers. Tharsis hopes EVM will make Evmos more appealing to Eth