Superfluid, a funding protocol based on Ethereum, announced today that it has completed a strategic financing round of $5.1 million. The round was led by Fabric Ventures, with participation from renowned institutions such as IOSG Ventures, Multicoin Capital, and Circle Ventures.
This news release is provided by Superfluid and does not represent the stance of the platform.
Superfluid, the Ethereum funding protocol, announced the completion of a $5.1 million strategic financing round. Fabric Ventures led the round, with participation from Multicoin Capital, IOSG Ventures, Circle Ventures, Safe Foundation, WAGMI Ventures, Eterna Capital, Veris Ventures, Skyland Ventures, Hyperithm, The LAO, and Taavet+Sten.
The financing round concluded at the end of last year and had the same structure as the company’s seed financing, with token warrants attached to equity.
Superfluid raised $9 million in seed funding in 2021. The strategic financing round took nearly three years to complete and is smaller in scale compared to the seed financing. Francesco George Renzi, Co-founder and CEO of Superfluid, stated that the company raised the necessary funds to involve suitable investors and advance the project to the next stage.
The Superfluid protocol was launched in 2021, allowing decentralized autonomous organizations and other crypto projects to pay recurring salaries and incentives in single-chain transactions through its “super tokens.” Super tokens enable the establishment of cash flows between parties.
Today, Superfluid introduced the “allocation pool,” which enables the creation of a fund that can be distributed to multiple recipients.
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