Worldcoin to Raise $100M at $3B Token Valuation: Report

Crypto startup Worldcoin is raising $100 million with investors valuing the company's total stockpile of tokens at $3 billion, The Information reported on Tuesday, citing two unnamed sources.

Investors include Andreessen Horowitz (a16z), which previously invested in Berlin-based Worldcoin, and Khosla Ventures.
The investment will come through the sale of Worldcoin tokens, the Information reported.
It is the second major capital raise in roughly six months for Worldcoin, which raised $25 million at a $1 billion valuation in October. a16z, Coinbase Ventures, Digital Currency Group (the parent company of CoinDesk) were among the investors for that round, which also included angel investors Sam Bankman-Fried, the founder of FTX, and Reid Hoffman, the co-founder of LinkedIn.
Worldcoin, which was co-founded by Y Combinator President Sam Altman, uses chrome, volleyball-sized spheres to scan retinas in exchange for crypto.
The amount each person receives depends on how early in the project’s roll-out they get involved, with the amount diminishing as more people are onboarded.

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish, a cryptocurrency exchange, which in turn is owned by Block.one, a firm with interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets including bitcoin and EOS. CoinDesk operates as an independent subsidiary, and an editorial committee, chaired by a former editor-in-chief of The Wall Street Journal, is being formed to support journalistic integrity.

James Rubin

James Rubin was CoinDesk's U.S. news editor based on the West Coast.

Follow @@JPRubin23 on Twitter

Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.

10 Years of Decentralizing the Future