According to ChainCatcher, on-chain digital advertising startup EarnOS has announced the completion of a $6 million Pre-A financing round. The round was led by 1kx, with participation from Coinbase Ventures, Circle Ventures and Social Graph Ventures. The disclosed investor list places the financing within the crypto venture ecosystem, including a specialist crypto investment firm, venture arms connected to major industry participants and Social Graph Ventures.
In addition to the Pre-A financing, EarnOS said it has received a four-year, $12.5 million non-dilutive strategic investment from Verona, formerly known as XION. The strategic funding will be used to support application verification, user onboarding and reward distribution systems. These areas are tied to the operating flow of the EarnOS application, including how users are verified, brought into the product and rewarded for completing tasks.
EarnOS also announced a brand refresh. The company said its L1 network will provide the underlying support for EarnOS, with a focus on large-scale user authentication and task incentive mechanisms. The announcement therefore combines several linked updates: a $6 million Pre-A round, a separate four-year strategic investment from Verona, a brand restructuring effort and infrastructure support for the platform’s user verification and reward systems.