The Wall Street Journal
Crypto Startup Mysten Labs Raises $300 Million in FTX-Led Round
Mysten Labs, a startup founded by former executives of Meta Platforms crypto unit, said it has raised $300 million in a funding round that values the company at more than $2 billion. Mysten Chief Executive said the cash infusion will help the company build out its Sui blockchain, hire more staff and expand into the Asia-Pacific region. FTX Ventures led the round, which also included a roster of prominent investors including a16z crypto, Jump Crypto, Apollo Binance Labs, Franklin Templeton Coinbase Ventures, Circle Ventures and Lightspeed Venture Partners.