The company has reported the successful completion of a Series B round with large funds

​DeFi platform Aleo has raised $200 million in funding

08.02.2022 - 07:55

39

1 min

What’s new? Aleo, a platform for creating decentralized applications, has announced the completion of its Series B funding round. Following another round of fundraising, the project managed to raise $200 million from a number of venture capital funds and large companies.

Who participated? Most of the funding came from Kora Management and SoftBank Vision Fund 2. Other participants include Sea Capital, Tiger Global, Slow Ventures, Andreesen Horowitz, and Samsung Ventures.

What will the funds be used for? Aleo specializes in the development of decentralized applications with an increased level of privacy. The project plans to use the funding it has raised for the global development of the platform. In addition, part of the funds will be used to increase grants for the developer support program. The launch of the main Aleo network is scheduled for the third quarter of this year.

Author:

Michael Golikov Michael Golikov

Subscribe to Getblock Magazine and stay up to date with the latest news from the world of cryptocurrencies and the digital economy