Flare Raises $11.3M in New Investment Round

Flare Raises $11.3M in New Investment Round

Flare, the blockchain network running on the Federated Byzantine Agreement (FBA) consensus mechanism, has raised $11.3M in its latest fundraising round. Contributions to Flare came from a slew of prominent names in crypto including Digital Currency Group, Coinfund, Kenetic Capital, LD Capital, cFund, Borderless Capital, Wave Financial, and Backend Capital.

Angel investors who participated in this round include Litecoin’s founder Charlie Lee, Vinny Lingham, and Do Kwan. Additional investors included Newform Capital, Genesis Capital, OKEx/Dreamfund, ZB Group, Defi Capital, and Ripple.

Flare’s CEO, Hugo Philion, commented: “The investment announced today demonstrates a belief in Flare from key participants in the investment community, together with key exchanges, market makers, blockchain founders and entrepreneurs.

Trending: Multiple Individuals Push Multiple Ballots through Multiple Tabulators Multiple Times in Georgia. This Is Illegal. Law Enforcement Does Nothing.

“This builds an even stronger and more connected community around Flare that can drive meaningful developments and participation. We are grateful for all investors’ support in helping bring the Flare Network to fruition.”

Flare Harnesses the Power of Unused Coins

It’s currently estimated that 75% of all

Continue reading

You Might Like

Daily Truth Report • DailyTruthReport.com
Thanks for sharing!
Send this to a friend