Gear Technologies Raises $12 Million in Venture Round

Post image

News Details

Dec 21, 2021

Gear Technologies announced today it has raised $12 million in a private investment round led by Blockchange Ventures. Gear Technologies is the developer of the Gear Network, a smart contract support layer that will make accessing the Polkadot ecosystem more efficient and less expensive.

“We are incredibly excited to lead this round of funding for Gear Technologies. The Gear team has proven to be innovative, professional and best positioned to offer cutting edge, efficient, smart contract support for the Polkadot ecosystem. We are inspired by the new possibilities that Gear Technologies will bring to the blockchain industry,” said Ken Seiff, CEO of Blockchange.