# Minds raises $10M for decentralized and encrypted social network and messaging app
 | Minds

- Canonical URL: https://wefunder.com/feed/145995
- Entity ID: wefunder:feed_item:145995
- Published at: 2021-06-17 15:18:28 UTC
- Updated at: 2025-07-16 20:23:15 UTC

## Author
Bill Ottman

## Subject
Minds

## Content
Dear Investors,&nbsp;Great news. We have closed our Series B financing round raising $10 million at a $70 million post-money valuation from FUTO, a new organization founded to develop technology and promote policies that give control of computers back to the people.&nbsp;This more than doubles our valuation (and the value of your investment) since the Series A with Medici Ventures, who recently announced a new partnership with Pelion Venture Partners, who will now be managing Medici’s position in Minds. Pelion recently appointed Erika Nash to our board, an attorney, fund manager and experienced product manager. We’re psyched to have her aboard, along with Eron Wolf of FUTO.&nbsp;If you have any questions related to your investment please feel free to communicate with us directly through Carta, where your equity is managed.&nbsp;Also check out today's coverage of the raise in Venture Beat:https://venturebeat.com/2021/06/17/minds-raises-10m-for-decentralized-and-encrypted-social-network-and-messaging-app/&nbsp;Thanks so much for being a part of Minds, and shoot me a message on Minds Chat!&nbsp;Bill Ottman, Founder and CEOhttps://minds.com/ottman&nbsp;Recent Blogs:Launching Minds Chat feat. end-to-end encryption, rooms and file-sharingMinds is now listed on Uniswap decentralized trading protocol. Here's what it meansDownload Minds mobile apps for both Minds and Minds Chat at https://minds.com/mobile&nbsp;