Superfluid, an Ethereum-based money streaming protocol, announced today that it has completed a strategic funding round of $5.1 million. The round was led by Fabric Ventures, with participation from well-known institutions such as IOSG Ventures, Multicoin Capital, and Circle Ventures.
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This press release was provided by Superfluid and does not represent the position of the company.
Superfluid, the Ethereum money streaming protocol, announced the completion of a $5.1 million strategic funding round. Fabric Ventures led the round, with participation from Multicoin Capital, IOSG Ventures, Circle Ventures, Safe Foundation, WAGMI Ventures, Eterna Capital, Veris Ventures, Skyland Ventures, Hyperithm, The LAO, and Taavet+Sten, among others.
The funding round concluded at the end of last year and had the same structure as the company’s seed funding, including token warrants.
Superfluid raised $9 million in seed funding in 2021. The strategic funding round is delayed by nearly three years and is smaller in size compared to the seed funding. Francesco George Renzi, Co-founder and CEO of Superfluid, stated that the necessary funds have been raised to involve suitable investors and advance the project to the next stage.
It is reported that the Superfluid protocol was launched in 2021, allowing decentralized autonomous organizations and other crypto projects to pay recurring salaries and rewards in single-chain transactions using its “super tokens.” Super tokens enable the establishment of money streams between parties.
Today, Superfluid launched the “Distribution Pool,” which allows for the creation of a fund that can be distributed to multiple recipients.
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