Reddio completes Series A financing with a post investment valuation of $80 million, led by Paradigm and others

According to a report by Golden Finance, Reddio, an L2 network, announced that it has completed its Series A financing at a post investment valuation of $80 million, led by Paradigm and Arena Holdings, with participation from Skyland Ventures, Gate Ventures, WAGMI Ventures, and Legends Group. Reddio (RDO) has previously launched TGE through PancakeSwap on Binance Wallet. The project has also clarified that as of now, there has been no token pre-sale or NFT placement, only institutional financing. All investors in Series A financing will have their tokens locked in for 12 months and have a four-year ownership plan.