Pantera Capital Leads $11.5M Funding for Web3 App 'Based'

Edgen Crypto

·Feb 23 2026, 14:29

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Key Takeaways

Web3 application 'Based' has successfully closed a $11.5 million Series A funding round led by prominent venture capital firm Pantera Capital. The investment is earmarked for aggressive global expansion and the enhancement of its on-chain financial infrastructure, signaling strong market confidence in the super app model.

Major Funding Secured: 'Based' raised $11.5 million in a Series A round to scale its operations.
Venture Capital Endorsement: The round was led by Pantera Capital, a major investor in the digital asset space.
Strategic Growth: Funds will be used for global market expansion and building out on-chain financial services.

Based Secures $11.5M to Build Web3 Super App

The Web3 application 'Based' has completed an $11.5 million Series A funding round, positioning the company to accelerate its development and market presence. The investment was led by Pantera Capital, a significant venture capital firm focused on the blockchain sector. This capital infusion is critical for 'Based' as it aims to carve out a dominant position in the competitive landscape of Web3 "super apps," which integrate a wide range of decentralized services into a single user interface.

Pantera's Backing Fuels On-Chain Financial Infrastructure

The proceeds from the funding round are designated for two primary objectives: global market expansion and the development of its on-chain financial infrastructure. The backing from a high-profile investor like Pantera Capital serves as a powerful endorsement of the project's long-term vision. This move is expected to not only fast-track product development but also attract additional ecosystem partnerships, potentially enhancing the platform's utility and value proposition for users. The focus on financial infrastructure suggests an ambition to build a comprehensive, all-in-one platform for decentralized finance activities.