Summary
- The Block reports that Avantis raised $8 million in its Series A funding round.
- With this investment, Avantis's cumulative funding has increased to $12 million.
- The raised capital will be used for team expansion and platform development.
According to The Block, a media platform specializing in virtual assets (cryptocurrencies), the perpetual swap exchange Avantis has raised $8 million in a Series A funding round led by Founders Fund and Pantera Capital.
With this latest investment, Avantis's total cumulative funding has increased to $12 million. The funds will be used for team expansion and in-house platform development.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
