HackerNoon Raises $250k at $50M Valuation From Forward Research
Too Long; Didn't Read
Forward Research the leading R&D firm for the Arweave ecosystem, purchased 5,728 shares of HackerNoon common stock shares at $42.55 per share, a $50M pre-money valuation.
This is great news for our shareholders, who’ve previously purchased shares at the 2019 equity crowdfunding price of $8.20 and at the 2020 strategic investment price of $11.35, which was the last issuing of new HackerNoon shares.
HackerNoon agreed to back up the HackerNoon library on Arweave. This ensures that HackerNoon, who recently exceeded one billion words published, and it’s contributing writers, will have Web3 backups for all their stories.