June 25, 2024
ENSO, the world’s first intent engine powering chain abstraction and an intent-focused future, has proudly announced the successful completion of a funding round exceeding $4.2 million today. The capital raised will be channeled towards ongoing product development, including the launch of their L1 cosmos-based blockchain set for this year.
Project | Latest Raise | Latest Raise Date | Category |
---|---|---|---|
ENSO | $4.2M | June 25, 2024 | DeFi |
The funding round saw contributions from Ideo Ventures, Hypersphere, and over 60 angel investors from various organizations including Safe, Socket, Titan, Essential, Sygnum, TheGraph, Alchemix, Biconomy, Yearn, Squid, Liquity, Pendle, Everclear, Flashbots, Dune, and many others.
Over the past year, ENSO's tools have enabled more than $11 billion in on-chain settlements, serving over 35 projects that are currently operational. This financial boost will further ENSO's mission to broaden its infrastructure capabilities and promote wider adoption across DeFi and blockchain applications.
About ENSO
ENSO stands as a premier entity in the realm of blockchain infrastructure, facilitating streamlined and safe on-chain transactions for DeFi and blockchain applications. Having facilitated the settlement of over $11 billion on-chain in the previous year and with an expanding roster of projects, ENSO is revolutionizing the way interactions occur on the blockchain through intents.
Website: https://www.enso.finance/
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About Investor
The funding round saw contributions from Ideo Ventures, Hypersphere, and over 60 angel investors from various organizations including Safe, Socket, Titan, Essential, Sygnum, TheGraph, Alchemix, Biconomy, Yearn, Squid, Liquity, Pendle, Everclear, Flashbots, Dune, and many others.
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A central focus of investor activity in the cryptocurrency space is the evaluation of new crypto projects to invest in, particularly those with huge potential. This blog provides insight into what new ventures are benefiting from venture capital support (VC funding in crypto). These new crypto projects, funded by professional investors, can dictate the next narrative in crypto and the next big crypto movers.
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