Former Revolut employees raise $78 million for web3 energy startup

09/07 10:56

According to TheBlock, former Revolut chief revenue officer Alan Chang has raised a $78 million round for his web3 energy startup Tesseract founded with fellow ex-Revoluter Charles Orr. Chang confirmed over Twitter direct messaging on Wednesday that Tesseract has raised $30 million in traditional equity, with the remaining amount raised through a sale of its native token. Backers of the round include venture capital firms Balderton, Lakestar, Accel, Low Carbon, Ribit Capital, Box Group and former Formula One racing driver Nico Rosberg. According to LinkedIn, Chang left Revolut this month. Chang was the fifth employee at the neobank and, according to an Insider report, he was considered a key lieutenant to founder Nik Storonsky before leaving to set up Tesseract with Orr.

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