July 10: Near raises $12.1M from Xpring and other investors

Near is an American startup that develops a public, proof-of-stake (PoS) blockchain focused on usability and scalability.

On July 10th, it announced the completion of a finding round that raised $12.1M. Besides Ripple’s Xpring the investors included Accomplice, Electric Capital, Pantera Capital, MetaStable, Amplify Partners, Scalar Capital, Coinbase Ventures, Ideo, a_capital and others.

Xpring’s Director, Vanessa Pestritto, also wrote a medium article announcing the investment.