# Mina backers and investors

By [cryptotyger.eth](https://paragraph.com/@cryptotyger) · 2023-03-17

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![](https://storage.googleapis.com/papyrus_images/5eaaa82bcf5adda1f313f0e3a4de710e42b5c539bd147b8244225df144d578d3.png)

Since its development in June 2017, [Mina’s development team O(1) LabsThree rounds of financing have been completed](https://www.theblockcrypto.com/post/81834/mina-protocol-developer-o1-labs-new-funding), totaling $29.4 million.

In May 2018, MINA raised 3.5 million seed rounds, which were sold for $0.07 and had an 18-month lock-up period. In April 2019, MINA closed A $15 million Series A funding round, which was sold for $0.15 in tokens, again with an 18-month lock-up period.

By October 2020, MINA had completed a $10.9 million strategic financing, which was unlocked in two ways: 52% of the $0.15 tokens had an 18-month lockup period (about 28.63 million tokens); The $0.25 token was unlocked at the same time as the community sale, on May 31, accounting for 48% (26.42 million tokens).

There are many participating institutions and institutions, including Polychain, Paradigm, Coinbase Ventures, and other well-known institutions. Project consultants include Coinlist’s CEO&NBSP.

![](https://storage.googleapis.com/papyrus_images/b65288a02588b1e2f1d23f55be87736c36b0a778c1e61e77340b8dccf2a7eafa.png)

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*Originally published on [cryptotyger.eth](https://paragraph.com/@cryptotyger/mina-backers-and-investors)*