FortyTwo Closes Pre-Seed Round

FortyTwo Secures $1m in Pre-Seed Funding Led by LBank Labs to Revolutionize the Interchain 

Thursday, February 29th, 2024

In a remarkable stride towards revolutionizing the interchain ecosystem, FortyTwo has successfully concluded a $1m pre-seed funding round. The significant financial milestone comes during FortyTwo’s private Beta period, signaling strong investor confidence in FortyTwo’s product and strategic direction. 

The round was led by LBank Labs, a leading blockchain investment fund of $100M AUM. The round also saw participation from a distinguished list of funds and angel investors, all recognizing the ambitious vision FortyTwo.

“FortyTwo is a solution that represents a logical evolution in aggregating dApps, wallets, and DeFi solutions into one. We are confident the tool will be used by many as there is nothing else like it on the market, and we are bullish on the Cosmos ecosystem.”

Valeria Kholostenko, Principal at LBank Labs

The Vision of FortyTwo

FortyTwo operates under a single overarching goal: make the interchain simple. 

It’s evident that users will operate across many blockchains. This Interchain world will be extremely confusing. Many things to do, and many bridges to get there. 

FortyTwo makes life easy by providing users with a single interface. They’re integrating across multiple chains/opportunities and will enable natural language to bring the right opportunities to the right user. 

FortyTwo provides insights into your Interchain portfolio, enables you to play with cross-chain DeFi, discover NFTs, sort out your taxes and more.


Led by LBank Labs, the pre-seed round includes 8 other reputable funds, and 15 angel investors. 



Brian Crain (ChorusOne / Interchain Foundation), Darren Li (ex-Binance Research), Dean Eigenmann (Dialectic / ex-ENS), Dean Tribble (Agoric), Don Cryptonium, Eli Krenzke (ex-Polychain), Jonathan Gabler (NFTfi), Josh Kang (Mozaik), Noam Cohen (Interchain Foundation), Onur Akpolat (Binary Builders), Sam Cassatt (founding team at Consensys), Shane Vitarana (Stargaze), Sky Lai (J17 Capital), Suhail Gangji (Portals /, Wilsen Tiomajaya (Qilin Labs)

About the FortyTwo Team

The founder of FortyTwo, Daniel, brings a wealth of experience from his tenure at Binance Labs and Menlo Ventures. A recent graduate of UC Berkeley, Daniel is joined by a team of three talented engineers. The team has demonstrated its capabilities by graduating from the Berkeley Blockchain Accelerator, securing second place in the Neutron track of the Delphi Digital Hackathon, and winning the Gateway to Cosmos Demo Day in Prague.

About FortyTwo

FortyTwo was founded in 2022 and is currently operating in a closed beta.