BloXroute, a crypto platform that offers Defi trading tools, has raised $70 million in a Series B funding round led by SoftBank Vision Fund. BloXroute will be able to increase personnel and accelerate expansion as a result of the round. Dragonfly Capital, ParaFi, Lightspeed Venture Partners, GSR, Jane Street, and Flow Traders were among other participants. BloXroute is an agnostic blockchain protocol platform that supports Ethereum, BNB Chain, and Polygon, among other networks. BloXroute’s total funding to date is $95 million. BloXroute has already raised funds through a SAFT (simple agreement for future tokens) sale. However, the investors‘ company decided to abandon its plans for a token launch. BloXroute’s funding comes at a time when blockchain infrastructure businesses are receiving record amounts of venture capital money. So far this year, such businesses have raised billions of dollars.
DeFi Infrastructure Firm bloXroute Raises $70M Series B Led By SoftBank