Deals in Institutional Investments: Infinit's $6 Million Funding Round
Thursday, 12 September 2024, 14:00
Deals Done: Infinit's Successful Fundraising
In a notable act within the venture capital landscape, Infinit has successfully raised $6 million from various institutional investors, including Electric Capital and Arthur Hayes' family office, Maelstrom.
Funding Utilization and Focus
- Strategic Investments: The firm plans to allocate the newly sourced funds to upgrade its infrastructure.
- Smoother Development: Their objective is to facilitate a seamless experience for DeFi protocol builders.
Current Landscape
Currently, Infinit supports 12 applications across three chains, working with protocols like INIT Capital, Ethena, and ZeroLend. By streamlining complex technicalities, Infinit enhances operational efficiency.
Innovative Vision
- Non-Coding Requirement: The project's vision is to allow developers to launch applications in mere minutes.
- Inclusive Building: The intention is to make coding obsolete for users wishing to develop DeFi applications.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.