Worldcoin Secures $115M Funding from Andreessen Horowitz and Bain Capital
Worldcoin raises $115 million in Series C funding led by Blockchain Capital, with participation from Andreessen Horowitz and Bain Capital Crypto, to advance its global identity and financial network.
Worldcoin, the ambitious cryptocurrency project co-founded by OpenAI CEO Sam Altman, has successfully raised $115 million in a Series C funding round. The round was led by Blockchain Capital, with significant participation from renowned venture firms Andreessen Horowitz (a16z) and Bain Capital Crypto.
Developed by Tools for Humanity, Worldcoin aims to create a global identity and financial network by providing individuals with a unique digital identity through biometric iris scanning. In return, users receive WLD tokens, promoting financial inclusion and combating identity fraud.
The newly acquired funds are earmarked for advancing Worldcoin’s protocol development, enhancing the World App, and expanding the World ID system. This investment underscores growing confidence in projects that merge blockchain technology with innovative identity solutions.
However, Worldcoin’s approach has sparked privacy concerns, leading to regulatory scrutiny in several countries. Despite these challenges, the project’s vision of a decentralized, inclusive financial system continues to attract substantial investor interest.
