Wormhole Raises $225 Million at $2.5 Billion Valuation Despite Crypto Winter
• Wormhole, a cross-blockchain dev platform, raised $225M at $2.5B valuation • Backers include Jump Trading, Brevan Howard, Coinbase Ventures, Multicoin Capital • Recently separated from Jump Trading after it scaled back crypto operations • Jump lost nearly $300M in FTX collapse according to Michael Lewis book • One of few crypto companies to raise at high valuation amid prolonged bear market