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Highlights
- Worldcoin has raised $135 million from a private token sale to early investors.
- Andreessen Horowitz and Bain Capital Crypto acquired the WLD tokens as prices spiked 15%.
- World is facing a slew of regulatory challenges in several jurisdictions over privacy and data management.
Barely weeks after its US debut, Worldcoin has sold a chunk of its WLD tokens to Andreessen Horowitz and Bain Capital Crypto. The project raised $135 million from the sale, sending the WLD price spiking by 15% to trade at $1.21.
Worldcoin Raises $135 Million To Fund Expansion Ambitions
Sam Altman’s Worldcoin has secured $135 million in funding from the private sale of WLD tokens. According to a press release, the company confirmed the sale of WLD tokens to two early backers of the digital identity project, Andreessen Horowitz and Bain Capital Crypto.
Per the release, the sale to Andreessen Horowitz and Bain Capital Crypto will be used to expand the World network. Worldcoin sold the tokens at market prices, raising $135 million and effectively increasing WLD’s circulating supply to 1.51 billion.
The raise will be deployed to meet the rising demand for Orb-verified World IDs across the globe. A chunk of the fund will be used for US expansion following its debut in the country, while a slice will bring the network close to the goal of becoming a self-sustaining protocol.
“This funding opportunity is in service to the long-term mission of World and is backed by the builders who believed in World from the beginning,” read the statement.
The project is facing its slew of regulatory challenges after Indonesia and Kenya tagged Worldcoin’s activities illegal.
WLD Price Surges By 15% Following Token Sale
Worldcoin’s token sale to Andreessen Horowitz and Bain Capital Crypto has sent the WLD price soaring by double-digit percentages. At press time, the WLD price has spiked by 15% over the last 24 hours to a daily peak of $1.26.
Daily transaction volumes over the last day have surged by 71%, driven by the massive token sale to early investors. Retail investors are jostling for places with institutional players to send transaction volumes beyond the $300 million mark.
WLD’s rally follows Bitcoin’s new all-time high and broader upswing in prices in the cryptocurrency market. However, Worldcoin investors are bracing for a pullback in the near future as the enthusiasm around WLD cools.
Worldcoin unveiled a strong defense at Consensus 2025 against criticism over its handling of private data. At the event, Worldcoin advisor Liam Horne noted that personal data “never leaves the orb.”
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