Block chain interoperability protocol Analog completed a $5 million financing at a valuation of $300 million and will launch Token on February 6th.

PANews news on January 28th, Block interoperability protocol Analog completed a $5 million financing at a valuation of $300 million before Token issuance. Investors include gate Ventures, BackerDAO, Foresight Ventures, Black Label Ventures (the venture capital department of Black Label Media, a film production company), as well as Sam Kazemian, the founder of Frax Finance, Molly Smith and the Luckinbill twins (Thad and Trent Luckinbill), co-founders of Black Label Media, and other angel investors. Analog co-founder Victor Young said that the new round of financing has brought Analog's total financing to $21 million. The project was valued at $120 million last year and raised $16 million, with a valuation growth of 150% in one year. Young said that Analog went live on the mainnet last month and will launch its Token on February 6th. Analog currently has 55 employees and is recruiting engineers and marketers, including a new "atmosphere manager" position, focusing on internal and external communication, social media, collaboration, and community development work. (The Block)