Amidst the stratospheric rise of defi and heightened demand for unique and innovative solutions, the global community of angel investors and VC firms is continuously engaging in private funding rounds and token sales. The resulting flood of capital demonstrates that entrepreneurs and startups play their part in developing a new generation of blockchain technology.
Balancer Labs Raises $24.25 Million to Accelerate Protocol Development
Balancer Labs, the company behind Balancer, an automated portfolio manager, liquidity provider, and price sensor, has raised $24.25 million from leading investors in its recent token sale, which will be utilized to accelerate the development of the Balancer protocol. The recent round witnessed an influx of new investors, including Alameda Capital, Pantera Capital, Fenbushi Capital, Blockchain Capital, Longhash Ventures, Fintech Collective, and Continue Capital.
One of the Balancer Protocol highlights is that it…