According to TechFlow, Linera, a Layer-1 blockchain founded by a former Meta Novi engineer, has completed a $6 million financing led by Borderless Capital, and has now raised a total of $12 million.
The new funds will be used to “expand the team, launch the protocol’s development and testnets, and cultivate a strategic presence in the Asia-Pacific region while continuing to grow its Developer Academy,” the company said in a statement.