Solana Labs, which wants to develop a blockchain that is faster and cheaper than Ethereum, raises $314.15M in a private token sale led by a16z and Polychain (Yogita Khatri/The Block)

Yogita Khatri / The Block:
Solana Labs, which wants to develop a blockchain that is faster and cheaper than Ethereum, raises $314.15M in a private token sale led by a16z and Polychain  —  Quick Take  — Solana Labs has raised $314.15 million in a private token sale round.  — The round was led by Andreessen Horowitz (a16z) and Polychain Capital.