Dfyn Completes Seed and Private Financing Rounds Raising $2.4 Million
We are pleased to announce that Dfyn’s seed and private sale funding rounds have been successfully closed with strong support both from leading investors and entrepreneurs in the DeFi and cryptocurrency space that share Dfyn’s vision for the future of DeFi and cross-chain.
A total of $2.4 million was raised in both rounds, introducing much-needed fresh capital into a project that’s looking to build the first-of-a-kind Multi-chain AMM as a key building block to enabling cross-chain liquidity migration capabilities. Our team will use the investments to focus on expanding Dfyn onto other blockchains and to further develop the cross-chain ecosystem that it is building out with Router Protocol. The funding will also help us develop Dfyn nodes on non-EVM compatible chains.
We received overwhelming demand for the $DFYN token and were fortunate enough to receive investor interest of nearly $30 million. After being nearly 12x oversubscribed, we have strived to onboard a core group of investor partners that share our long-term vision and also have the ability to contribute meaningfully to the product development and marketing process over the coming months and years.
Investors include CMS Holdings, QCP Capital, DFG, Spark Capital, Signum, De-Fi Capital, Rarestone Capital, Krypital Group, AU21, Black Edge, Faculty Group, Shima Capital, MorningStar Ventures, Moonrock, GenblockVC, Amesten Capital, Zokyo Ventures, Lotus Capital, Blockpact Capital, X21, Exnetwork, Momentum 6, MGNR, GBIC, Crypto Dorm Fund, Cryptoslate and Sandeep Nailwal from Polygon. Investors also include other leading protocol founders from projects such as MantraDao, Persistence, Razor, Nord, Umbrella.network, and Frontier.
The Dfyn team would like to express our gratitude to our investors for their incredible support in our journey towards creating critical cross-chain liquidity infrastructure. We look forward to our upcoming Polkastarter IDO and look forward to sharing further developments with the ever-growing Dfyn ecosystem and community.
Dfyn is a multi-chain AMM DEX currently functional on the Polygon network. Dfyn nodes on various chains act as liquidity entry and exit points into the cross-chain liquidity super mesh that is being enabled by Router Protocol.
Telegram Announcements: https://t.me/dfynofficial