According to Zoo Finance, the $8 million round led by Bitrise Capital, with backing from multiple venture firms, expands its resources to develop DeFi solutions for unlocking token liquidity.
Zoo Finance has officially announced the closing of an $8 million strategic funding round led by Bitrise Capital, alongside Signum Capital, Certik Ventures, TOP, CGV Funds, and Cryptomeria. This funding increases Zoo Finance’s total capital to $10 million. The DeFi protocol offers products LVT and LNT, designed to convert locked tokens into tradable assets, enhancing liquidity in blockchain ecosystems.