Crypto startup Worldcoin is raising $100 million with investors valuing the company’s total stockpile of tokens at $3 billion, The Information reported on Tuesday, citing two unnamed sources.
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Investors include Andreessen Horowitz (a16z), which previously invested in Berlin-based Worldcoin, and Khosla Ventures.
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The investment will come through the sale of Worldcoin tokens, the Information reported.
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It is the second major capital raise in roughly six months for Worldcoin, which raised $25 million at a $1 billion valuation last October. a16z, Coinbase Ventures, Digital Currency Group (the parent company of CoinDesk) were among the investors for that round, which also included angel investors Sam Bankman-Fried, the founder of FTX, and Reid Hoffman, the co-founder of LinkedIn.
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Worldcoin, which was co-founded by Y Combinator President Sam Altman, uses chrome, volleyball-sized spheres to scan retinas in exchange for crypto.
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The amount each person receives depends on how early in the project’s roll-out they get involved, with the amount diminishing as more people are onboarded.
