Launch X, a decentralized multi-chain, governance-based IDO Launchpad, led by Marshland Capital, Magnus Capital and Valaren Ventures, has successfully completed a private funding round of $600k.
The raise was supported by a star-studded cast of reputable VC’s, including Moonrock Capital, Ascensive Assets, Morningstar Ventures, Genblock Capital, Raptor Capital, Moonwhale Ventures, AU21 Capital, x21 Digital, DWeb3, and Vendetta Capital.
Launch X is a cross-chain, B2B ecosystem that gives startups the flexibility to raise capital in a decentralized manner across multiple blockchains and aims to be a partner at the forefront of the Binance Smart Chain economy.
Alex Smith, the Managing Partner at Moonrock Capital, had this to say about the project:
“The partners at Moonrock Capital are delighted to be collaborating with the talented team at LaunchX. LaunchX, a multi-chain decentralized IDO launchpad platform, provides a seamless all in one cryptocurrency service. The governance model particularly resonated with MRC as it allows for a truly transparent and fair listing process. Providing the ability for startups to launch on any blockchain, LaunchX is developing a unique DAO protocol never seen before. MRC did not hesitate to invest in LaunchX as we believe that this technology will be the forerunner for all future launchpads.”