According to WuSay, Moondance Labs announced the completion of a $6 million strategic financing round, led by venture capital firms Scytale Digital, KR1, and SNZ Capital. The funds will be used to expand the Moondance Labs team and further develop the Tanssi project. Tanssi is preparing for an incentive testnet event.

Earlier in May 2023, Moondance Labs announced the completion of a $3 million seed round of financing, led by Arrington Capital, with participation from Borderless Capital, HashKey Capital, D1 Ventures, Hypersphere, C² Ventures and Jsquare.