Can you still raise $44 million in a bear market? (There’s a lottery at the end)

In the current bear market environment, Pharos Network completed this Series A funding just before the mainnet is set to go live, bringing the total funding to $52 million, with the valuation surging to $1 billion.

The investors behind Pharos are also especially impressive. This round includes Sumitomo Corporation’s venture capital arm, SNZ Holding, Chainlink, Flow, and more.