Flurry Finance Announces $3 Million Raise in Latest Funding Round to Expand Its DeFi Yield Aggregation Protocol
Flurry Finance today announced the conclusion of its latest investment round worth $3 million.
Flurry Finance Raises $3 Million in Latest Funding Round
The team behind the yield aggregator DeFi protocol FLURRY, Flurry Finance today announced it had closed its latest funding round which helped it raise $3 million.
Among others, the leading investors in the funding round were AU21 Capital, GenBlock Capital, Shima Capital, CoinUnited.io, One Block, Soul Capital, and Dutch Crypto Investors.
The funds raised will be utilized toward the preparation of Flurry Finance’s product launch in Q3 2021, the announcement reads. Notably, the project will also induct its IDO in the same period.
Aim to Enhance DeFi Products Usability
With its eyes firmly set on the mission to make DeFi products easier to use for end-users, FLURRY will offer a flexible and user-oriented model to the digital community. Being one of the leading DeFi yield aggregators, FLURRY gives all investors the opportunity to leverage DeFi products and compound their digital assets.
Commenting on the development, a company representative from AU21 Capital remarked:
“With its founding team of seasoned operators who have extensive experience in this space, FLURRY Finance is pioneering the global trend towards yield aggregation. We are proud to back FLURRY Finance and eager to see the next step in their journey. We look forward to supporting the team in its next phase of development as it continues delivering on growth and innovation.”
Similar sentiments were echoed by Mike Ting, CEO, Flurry Finance. He said:
“We are humbled to work with world-class partners such as AU21 Capital, GenBlock Capital, Shima Capital, and others. What this shows is not only a great commitment to our company but also to the industry. Our focus now is to scale our protocol while continuing to innovate and pioneer in the DeFi space. We are excited to offer users a more efficient and more convenient solution to yield farming.”
Introducing Next Generation Model of Yield Farming
The team at FLURRY is always striving to offer its users the best yield farming solutions in terms of efficiency and ease of use. Against that backdrop, Flurry Finance introduced the rhoToken — a cross-chain token that will leverage its underlying stablecoins to enable automated yield farming at minimal fees and with diversified risks.
As mentioned earlier, the funds raised via the latest funding round will be used toward the preparation for the product launch and IDO set to take place in Q3 2021. Additionally, the funds will also be used to enable cross-chain interoperability that is expected to take place during Q4 2021.
Consider visiting Flurry Finance’s official website here to know more about the project’s upcoming IDO and other developments.
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