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Following V2 plans, Balancer raises $5 million from Three Arrows & DeFiance
Balancer Labs introduced in the present day a $5 million funding spherical led by DeFi (decentralized finance) mainstays Three Arrows Capital and DeFiance Capital. The 2 VCs now be part of Pantera Capital and Alameda Analysis in investing, bringing Balancer’s sequence A spherical to a complete of $12 million raised.
The funding would possibly come as a shock to some, provided that in a current podcast Arthur of DeFiance Capital gave a less-than-glowing evaluate of Balancer as an automatic market maker (AMM) relative to its friends:
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