Backpack Raises $17 Million Strategic Series A Round Led by Placeholder VC ...Middle East

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Backpack Raises $17 Million Strategic Series A Round Led by Placeholder VC
The Backpack ecosystem of companies, creators of the Backpack wallet, the Mad Lads NFT collection, and Backpack Exchange, today announced the first joint closing of their $17 million strategic Series A round at a $120 million combined valuation. The round was led by Placeholder VC, with participation from a select group of other strategic investors including Hashed, Robot Ventures, Amber Group, Wintermute, Selini Capital, Delphi Digital, and founders of leading web3 ecosystems such as Solana, Tensor, Jito, Zeta, Marginfi, Drift, Monad, Galxe, and other influential supporters worldwide.Armani Ferrante, CEO of Backpack commented on the news: “The history of finance is littered with scandals, b

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