Flare raised $11.3 million in new funding round.
One of the funding participants is confident that Flare’s protocol will “unleash a tidal wave of value.”
World’s first Turing-complete Federated Byzantine Agreement (FBA) network, Flare, has raised $11.3 million in a recent funding round. The round, held on the 8th of June, attracted several giants, among them venture capital funds. Apart from top-tier firms, several private investors also participated in the financing round.
Kenetic Capital leads $11.3M fundraising
The funding was led by Kinetic Capital. Other contributors are Digital Currency Group, LD Capital, cFund, Coinfund, Wave Financial, Backend Capital, and Borderless Capital. Private investors who added to the funds include Do Kwan, Litecoin founder Charlie Lee, and Vinny Lingham. Others are ZB Group, DeFi Capital, Newform Capital, and Genesis Capital.
According to Flare CEO Hugo Philion, the investment shows that investors are confident in the company’s potentia
