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Paragraph, a Santa Clara, CA-based web3-native publishing platform, raised $1.7M in Pre-Seed funding.
The round was led by Lemniscap, with participation from Binance Labs, FTX Ventures, Seed Club Ventures, GCR, and Sfermion.
The company intends to use the funds to expedite its product development, user acquisition and recruitment pipeline, with a particular emphasis on scaling its engineering and growth teams.
Founded by Colin Armstrong, Paragraph is a Web3-native publishing platform at the intersection of the Creator Economy and Web3 innovation. The company is helping Web3 writers, DAOs, and NFT communities monetize their content and charge their earning power through a user-friendly all-in-one publishing and newsletter platform.
The news follows recent announcements around Paragraph’s strategic partnerships with Coinvise, Clubs.link, Unstoppable Domains and Farcaster – extending the reach of Paragraph’s proprietary Web3-native publishing solution to new swathes of global users.
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