Ardor has announced it has raised $150 million in Series B funding led by global technology leader Andreessen Horowitz.
The investment round, led by Andreessen, will see Ardor’s founders, Adam Sood and Tim Cook, joining the venture capital arm of Andreessen’s Silicon Valley fund, Andreessen Capital.
The fund’s aim is to expand the startup into more markets around the world, according to Ardor CEO and co-founder Adam Sook.
The Ardor team will work with Andreessen and its global technology network partners to build and manage its new blockchain infrastructure, which will enable a seamless and efficient way for investors to trade digital assets.
The money will help Ardor “enable a faster, simpler, more transparent, and secure digital asset trading platform that allows people to trade more easily and quickly than ever before,” the company said.
“As a global digital asset exchange, Ardor provides a way for people to securely and transparently trade their digital assets and gain value from them,” it added.
“With this new investment, we are continuing to accelerate our growth in the blockchain space.”
While the company has yet to reveal a market capitalisation, Ardora has previously raised a total of $10 million from a range of investors including Microsoft Ventures, Qualcomm Ventures, TechStars, and a number of venture capital firms.
“We are excited to be joining a strong, established investor group and are excited about the potential to grow the Ardor platform,” Mr Cook said.
“We are looking forward to working with Ardor and the Andreessen community to further improve our products and make them better.”
The fund will be led by an undisclosed number of Ardor investors and will be invested in a range at various stages of the Ardora platform’s development, including a beta version of the platform and a full release of the blockchain-based exchange.
“The Ardora team is committed to providing Ardor users with the best possible experience, and we look forward to collaborating with the Andreesseens and the entire Ardor community to continue making Ardor the best digital asset marketplace around,” Mr Sook said.
The funding will also see Ardora launch an online store to enable users to trade and exchange digital assets with the support of a number credit cards, mobile wallets, and other payment methods.
The team is also working on Ardor-branded mobile wallets which will be available to the public soon.