Evrynet's $7M raise highlights institutional appetite for DeFi
The market for decentralized finance continues to expand rapidly. With over $155 billion in total value locked, DeFi is becoming more attractive for institutional investors. Financial service platform Evrynet has concluded a $7 million fundraiser for its forthcoming decentralized finance app targeting institutional investors, offering further evidence that DeFi has an institutional-grade audience.The private investment round was led by Signum Capital, a Singapore-based blockchain venture fund, with participation from Petrock Capital, Ellipti Ventures and others. Evrynet’s previous backers....
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The Dutch investment firm consists of a wide array of blockchain-centric entrepreneurs, investors and builders looking to uncover the next major crypto plays. Digital asset investment firm Maven 11 Capital has announced a $120 million funding round for its private investment establishment, Venture Fund II, in a move that will further expand its financial footprint across emerging sectors of decentralized finance (DeFi) and Web 3.0. The funding round builds off a successful inaugural raise of $40 million in June of this year. Established in May 2017, Maven 11 Capital has invested in 27....