Both VC veterans and angel investors supported DeFi pioneers with their funds
OpenSwap, a one-stop integrated decentralized finances hub, shares the details of its latest investing round that attracted a number of seasoned venture capitalists.
OpenSwap raises $1.5 million, NGC Ventures and Coin98 Ventures co-led the round
According to a press release shared with U.Today, OpenSwap (OSWAP) integrated DeFi hub has completed its latest funding round. In total, its team managed to raise $1.5 million.
VC heavyweights NGC Ventures and Coin98 Ventures led this round while the likes of BR Capital, Legos Capital, Double Peak Group, Prime Block Capital, Illusionist Group and All In Ventures also contributed to this massive funding.
Also, a clutch of renowned angel investors, including Curve Finance’s Julien Bouteloup, CREAM Finance’s Leo Cheng and blockchain veterans Ravindra Kumar and Mark Borsten supported OpenSwap as angel investors.
Roger Lim, founder of NGC Ventures, highlighted that VC moguls are excited by both the technical progress of the product and the vision of its team members:
Partnership with Impossible Finance has been inked
Coin98 Finance founder Thanh Le stresses the importance of this round and the next OpenSwap releases for the progress of the entire decentralized finances segment:
With fresh funding, OpenSwap is going to solidify its stance as a cutting-edge DeFi solutions vendor for both institutions and retail clients. Namely, it will accelerate the development of its patented solution for liquidity, known as liquidity queues.
This funding follows OpenSwap’s recent partnership with Impossible Finance, a multi-platform DeFi incubator, IEO launchpad and exchange platform.