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VCs back Balancer with $24.25M investment By Cointelegraph

VCs back Balancer with $24.25M investment

The capital increase was led by Blockchain Capital, Fintech Collective, LongHash Ventures, Fenbushi Capital, Continue Capital and Kain Warwick, the founding father of DeFi protocol Synthetix. The funds can be used to strengthen Balancer’s function as a core infrastructure supplier of the DeFi market.

“By allowing for the most flexible and composable liquidity pools in the AMM space, the Balancer Protocol is uniquely positioned as a core infrastructure component for decentralized finance protocols and applications,” mentioned Aleks Larsen, an investor with Blockchain Capital. He added: