# Astar Network

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/astar-network

- Industry: Internet
- Headquarters: Singapore, Singapore
- Website: www.astar.network
- Total disclosed funding: $2.4M
- Latest round: Series A (Jan 31, 2021)
- Investors on record: 1

## About

Based in Singapore and founded in 2021, Astar Network, formerly known as Plasm Network, is a multi-VM (virtual machine) scalable smart contract platform on Polkadot. Sota Watanabe is the founder of the company. In January 2021, Plasm Network raised USD 2.4 million in series A funding led by new investor Binance Labs.

Astar Network is an interoperable and EVM (Ethereum Virtual Machine)-compatible infrastructure built on top of the Substrate framework and is the hub for dApps within the Polkadot Ecosystem. People can stake their tokens in a smart contract on the Astar Network to reward projects that add value to the network. Ethereum, WebAssembly, dApp Staking, and Layer2 solutions are all supported.

The series A investment received in January 2021 will enable Astar Network to accelerate research and development, expand resources and business development, and bridge the Binance and Polkadot communities.

## Funding rounds

- Series A, Jan 31, 2021, $2.4M — YZi Labs

## Investors

- YZi Labs (https://capitalatlas.ai/funds/yzi-labs) — Series A