Mina Protocol enjoys massive support from a growing community. Aside from the support from a global group of Mina fellows, O(1) Labs, the core team behind the protocol, equally enjoys robust support from a vast investor ecosystem.

Right from the days where the network was Coda Protocol until it rebranded to Mina Protocol, a series of top-tier investors have thrown their weight behind Mina’s core team vision. In May 2018, O(1) Labs raised $3.5M in a seed round. That round was subsequently followed by a $15M Series A round in April 2019 from leading investors that included Polychain, Paradigm, Coinbase Ventures, General Catalyst, Accomplice, Metastable, Naval Ravikant, and others.

O(1) Labs raised additional funding in a strategic round for Mina development on October 21st 2020. Bixin Ventures and Three Arrows Capital, with participation from SNZ, HashKey Capital, Signum Capital, NGC Ventures, Fenbushi Capital, and IOSG Ventures, invested $10.9 in others that round. To date, O(1) Labs has raised $29.4 million for Mina Protocol development.

Snapshot of O(1) Labs backers

For context, Bixin Ventures, an industry leader in wallet and mining based out of Hong Kong in southwest Asia, has only invested in two blockchain entities, the first being O(1) Labs. Razor Network is its second investment after O(1) Labs. 

Three Arrows Capital, one of O(1) Labs strategic investors, is known to back some of the top Web3 products in the space. According to Crunchbase, Three Arrows Capital has backed 11 entities in the space, including Aave, Balancer, dYdX, KeeperDAO, Poolin, and its most recent StakWare Industries. In all its investment, it led 5 of the rounds, including O(1) Labs.

And individual serial investors like Naval Ravikant, Angel List founder who also invested in Mina, have shared great remarks on the future of Mina Protocol as a timely solution.

Advisors/Contributors in Mina Ecosystem

Mina enjoys tremendous support from a growing community of investors, developers and advisors. Collectively these are regarded as contributors to the Mina ecosystem. Some of Mina’s notable contributors include:

Joseph Bonneau is one of Mina’s significant contributors. He is an assistant professor at NYU. He is known for notable research on a variety of topics. Some of which include cryptography and security, including HTTPS and web security, passwords and authentication, cryptocurrencies, end-to-end encrypted communication tools, and side-channel cryptanalysis. He is co-author of the popular textbook “Bitcoin and Cryptocurrency Technologies” and co-taught the first MOOC on cryptocurrencies. Elizabeth Binks, a software engineer at Chainsafe, also contributes to Mina development.

Paul Davison Co-founder of a popular in-audio app, Clubhouse, is another notable contributor to Mina’s growth. Paul is vastly experienced with Web3 and cryptocurrencies as he co-founded and served as CEO of CoinList – the leading platform for high quality, compliant token sales and airdrops. Before CoinList, Paul was the Founder/CEO of Highlight (acquired by Pinterest), an EIR at Benchmark Capital, and a VP at Metaweb (acquired by Google). He holds a BS from Stanford University and an MBA from Stanford Business School.

Mina contributors and investors

Other Mina contributors include Hsin-Ju Chuang, CEO and founder of Dystopia Labs; Nikki Del Principe, the Chief Strategy Officer of Melrose PR; Erica Kang, founder of Crypto Seoul, Luke Youngblood, CEO of Blockscale. You can find the full list in the Contributors’ section of the about page as well as check out more resources on the Mina ecosystem.


Mina Magazine is an independent publication not affiliated to Mina Foundation / O (1) Labs.
Mina Magazine is supported by Openbitlab.