Based, a Web3 consumer app enabling crypto trading and spending, announced an $11.5 million Series A led by Pantera, with Coinbase Ventures, Wintermute Ventures and Karatage participating. The funding will be used to expand into new markets and build out its onchain financial infrastructure.
The round underscores investor interest in web3 consumer apps and onchain finance. Pantera’s lead, combined with participation from major investors, signals confidence in Based’s growth trajectory and infrastructure roadmap.
With the new capital, Based will scale its platform internationally and accelerate development of its onchain infrastructure, strengthening its position in the evolving Web3 ecosystem. This funding could drive new product features and partnerships as the crypto market continues to grow.
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