Memecoin.Fun raises $3.5 million in strategic funding

Memecoin.Fun, a token issuance platform in the Robinhood Chain ecosystem, said it has completed a $3.5 million strategic financing round, according to an official announcement cited by ChainCatcher. The round was completed through USDG Token. Becker Ventures led the financing, with participation from BitValue Capital, Mason Labs, Negentropy Capital, and angel investor Billy Wen. The company said the proceeds will be used to speed up development of its core products and underlying infrastructure. That includes infrastructure for the Robinhood Chain Launchpad, development of cross-chain bridge functions, and the research, development, and operation of what it described as a Memecoin All-chain Platform.