# Boba Network

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

- Industry: Software
- Headquarters: Palo Alto, US
- Website: www.boba.network
- Total disclosed funding: $45M
- Latest round: Series A (Apr 5, 2022)
- Investors on record: 18

## About

Founded by Alan Chiu, and based in the US, Boba Network operates as a developer of a blockchain platform. In April 2022, Boba Network raised USD 45 million in series A funding led by new investor Defi Technologies Pte. Ltd. which values the company at USD 1.5 billion post-money.

Boba Network develops an EVM-equivalent hybrid computing blockchain platform that helps developers build applications with various features and allows smart contracts to call external Web2 API to process complex algorithms such as machine learning classifiers, pull in enterprise data in a single atomic transaction, and sync with a gaming engine.

The company plans to use the funding to invest in its ecosystem projects and combine the expertise of Web3 companies.

## Funding rounds

- Series A, Apr 5, 2022, $45M — Kinetic Capital, M13, Hack VC, LD Capital, IOST, Dreamers VC, BitMart, Defi Technologies Pte. Ltd., Crypto.com Capital, Shima Capital, GBV Capital, Old Fashion Research, Huobi, ROK Capital, Alphanonce, Ghaf Capital Partners, Sanctor Capital, Hypersphere Infinite Capital

## Investors

- Kinetic Capital — Series A
- M13 (https://capitalatlas.ai/funds/m13) — Series A
- Hack VC (https://capitalatlas.ai/funds/hack-vc) — Series A
- LD Capital (https://capitalatlas.ai/funds/ld-capital) — Series A
- IOST — Series A
- Dreamers VC (https://capitalatlas.ai/funds/dreamers-vc) — Series A
- BitMart — Series A
- Defi Technologies Pte. Ltd. — Series A
- Crypto.com Capital (https://capitalatlas.ai/funds/crypto-com-capital) — Series A
- Shima Capital (https://capitalatlas.ai/funds/shima-capital) — Series A
- GBV Capital (https://capitalatlas.ai/funds/gbv-capital) — Series A
- Old Fashion Research (https://capitalatlas.ai/funds/old-fashion-research) — Series A
- Huobi — Series A
- ROK Capital — Series A
- Alphanonce (https://capitalatlas.ai/funds/alphanonce) — Series A
- Ghaf Capital Partners (https://capitalatlas.ai/funds/ghaf-capital-partners) — Series A
- Sanctor Capital — Series A
- Hypersphere Infinite Capital — Series A