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Pharos, a financial public chain closely related to Ant Group and Ant Chain, has completed strategic investment from Hong Kong-listed company Xjin New Energy (HK:00451), with a valuation approaching $1 billion.
According to information, Pharos completed an $8 million seed round financing in November 2024, led by Hack VC and Lightspeed Faction, with participation from SNZ Capital, Hash Global, MH Ventures, Dispersion Capital, Generative Ventures, and Chorus One, among others.
As of the close on March 13 (Friday), Xjin New Energy (HKEX:0451) has a market capitalization of approximately $245 million, with stock prices up about 52% since 2026.
#Pharos # HackVC #LightspeedFaction #SNZCapital、#HashGlobal