ICYMI: SoftBank leads $70 million round for DeFi infrastructure firm BloXroute
BloXroute has raised $70 million in new funding from SoftBank, Jane Street and others.BloXroute, a crypto firm that provides tools for DeFi trading, has raised $70 million in a Series B funding round led by SoftBank Vision Fund 2.Jane Street
The current headcount of Chicago-based BloXroute is 30 and the firm plans to scale it to up to 100 in the near future, said Klarman. As part of the deal, Robert Kaplan, investment director at SoftBank Investment Advisors, has joined the BloXroute board. "DeFi is peer-to-peer. You need to be connected with everyone because critical information — prices, position, arbitrage opportunities — can come from everywhere. This is where BloXroute comes in. We propagate DeFi information almost at the speed of light, allowing our users to make better trades," said Klarman.
The Series B round brings BloXroute's total funding to date to $95 million, said Klarman. He declined to comment on the firm's valuation.
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