# Berachain: Information technology & services, George Town, Cayman Islands

> Berachain: Berachain is a high-performance Layer 1 blockchain built on the Cosmos SDK, utilizing a unique Proof-of-Liquidity (PoL) consensus mechanism.

Source: https://millionrounds.com/startup/berachain (Millionrounds; every figure on the page links to its filing or article)

Cayman Islands · [Information technology & services startup](https://millionrounds.com/companies)

# Berachain

Berachain is a high-performance Layer 1 blockchain built on the Cosmos SDK, utilizing a unique Proof-of-Liquidity (PoL) consensus mechanism.

Funding reported Last round: Series B

Information technology & services George Town, Cayman Islands

Company summary

- **Founded:** - not reported
- **Team:** 44 11 to 50 people
- **Funding reported:** 211M as listed, currency not stated
- **Last round:** Series B Apr 2024

How sure we are

- ✓ **Listed** We know it exists and what it does
- 2 **Funding reported** A company dataset reports a raise
- 3 **Observed** A filing or a dated announcement confirms a round

No round for Berachain has been confirmed by a filing or an announcement yet, so nothing here counts toward an investor's record. [How we decide](https://millionrounds.com/methodology)

## About Berachain

Berachain is a high-performance Layer 1 blockchain built on the Cosmos SDK, utilizing a unique Proof-of-Liquidity (PoL) consensus mechanism.

This innovative approach rewards users for providing liquidity, enhancing capital efficiency and liquidity in decentralized finance (DeFi). Founded in 2021 by an anonymous team, Berachain has evolved from its origins in the Bong Bears NFT collection to become a serious player in the DeFi infrastructure space. The platform features an EVM-compatible chain that allows seamless integration with existing Ethereum smart contracts and decentralized applications (dApps). Berachain operates with a tri-token model, including BERA for transaction fees, BGT for governance, and HONEY as a stablecoin. Its ecosystem includes native dApps such as BEX, a decentralized exchange; BEND, a lending protocol; and BERPS, a perpetuals exchange. Headquartered in George Town, Cayman Islands, with an office in San Francisco, Berachain has secured approximately $142 million in funding and is currently in public testnet, processing over 100 million transactions.

## What company datasets say Berachain raised

Funding, as reported

Reported in all **211M** in the source's currency

Last round **Series B**

Last round size **100M**

Last round date **Apr 2024**

Investors listed **5**

## On 9 portfolio pages

Investors who name them

- [Samsung Next](https://millionrounds.com/fund/samsung-next)
- [Borderless Capital](https://millionrounds.com/fund/borderless-capital)
- [Pharsalus Capital](https://millionrounds.com/fund/pharsalus-capital)
- [Hash3](https://millionrounds.com/fund/hash3)
- [Sigma Capital](https://millionrounds.com/fund/sigma-capital)
- [Impa Ventures](https://millionrounds.com/fund/impa-ventures)
- [Arrington Capital](https://millionrounds.com/fund/arrington-capital)
- [SMAPE Capital](https://millionrounds.com/fund/smape-capital)
- [Hyperchain Capital](https://millionrounds.com/fund/hyperchain-capital)

Each firm lists Berachain on its own website. That is the firm's claim, a weaker thing than a round we watched, but a named source.

## The company, in detail

What they build

Known for

blockchain decentralized finance lending protocols modular consensus framework interoperability with ethereum amm pools perpetual trading block explorer evm identical information technology & services decentralized app development financial services finance beaconkit blockchain sdk scalability

Built with from their website

Canva Figma Atlassian Google Workspace Amazon AWS OpenAI Apple Business Manager Google Meet Mixpanel AWS Cloud

+8 more

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- **Sector:** Information technology & services
- **Industry code:** NAICS 54151, 513210, SIC 3571
- **Region:** George Town
- **Revenue:** 4.5M a year, as listed

## Information technology & services in Cayman Islands

Startups like it

- [**Variational** George Town · founded 2022 *Raised*](https://millionrounds.com/company/variational)
- [**0G** San Francisco · founded 2023](https://millionrounds.com/startup/0g)
- [**1inch** George Town · founded 2019](https://millionrounds.com/startup/1inch)
- [**Sui Foundation** George Town · founded 2022](https://millionrounds.com/startup/sui-foundation)
- [**Taiko Labs** Grand Cayman · founded 2022](https://millionrounds.com/startup/taiko-labs-2)
- [**Sonic Labs** George Town · founded 2018](https://millionrounds.com/startup/sonic-labs)
- [**Mobius** George Town · founded 2017](https://millionrounds.com/startup/mobius-6)
- [**IQ** George Town · founded 2017](https://millionrounds.com/startup/iq-3)

## Is this your company?

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