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Decentralized messaging protocol XMTP hits $750 million network valuation with $20 million Series B

UPDATED: July 17, 2025, 8:40AM EDT Quick Take XMTP developer Ephemera has raised $20 million Series B at a $300 million equity and $750 million network valuation, with USV’s Fred Wilson joining its board. XMTP is relaunching inside Coinbase’s new Base app, moving from an optional tool to native infrastructure. Ephemera, the core developer behind the decentralized messaging protocol XMTP, has raised $20 million in a Series B funding round, as it looks to build and grow its ecosystem.The round was...

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