Following V2 plans, Balancer raises $5 million from Three Arrows & DeFiance

Cointelegraph

Published Feb 10, 2021 11:35AM ET

Updated Feb 10, 2021 01:20PM ET

Balancer Labs announced today a $5 million investment round led by DeFi (decentralized finance) mainstays Three Arrows Capital and DeFiance Capital. The two VCs now join Pantera Capital and Alameda Research in investing, bringing Balancer’s series A round to a total of $12 million raised.

The investment might come as a surprise to some, given that in a recent podcast Arthur of DeFiance Capital gave a less-than-glowing review of Balancer as an automated market maker (AMM) relative to its peers:

Continue Reading on Coin Telegraph