it is insane how much money we are up against 😳

“The round, structured as equity with token warrants, began in the fall of 2024 and closed shortly after, Mac said. It brings Ephemera's total funding to $49.9 million, including a prior $9.9 million seed round. The Series B values Ephemera at a $300 million post-money equity valuation and a $750 million network valuation for the broader XMTP protocol that will have a token, Mac said.”