The crypto money market, which has been on the rise after the US inflation data, is accompanied by 2 important investment news. Injective (INJ) and Unstoppable Finance announced on Twitter that they have successfully completed their funding rounds.
Millions flowed from investment giants to these 2 cryptocurrencies
DEX protocol Injective announced that it has received $40 million in investment from Brevan Howard Unit and Jump Crypto. The project plans to use these funds to increase the utility of INJ Token. The company said Wednesday that decentralized smart contracts platform Injective has raised $40 million in a funding round led by Jump Crypto. BH Digital, the crypto and digital asset unit of investment firm Brevan Howard, was also among the investors.
Injective has raised a brand new $40M round from some of the most renowned financial institutions to accelerate the adoption and growth of Web3 finance.
Looking forward to working more closely with the titans over @jump_ and BH Digital.#WAGMI nINJas 🥷https://t.co/T6vR9Tvs58
— Injective 🥷 (@Injective_) August 10, 2022
Altcoin jumps more than 20% after announcement
Injective (INJ) ranks 189th by market capitalization. Basically, it develops tools that provide access to unlimited decentralized financial markets. Injective, which collected $ 40 million in the investment tour with the participation of Brevan Howard Unit and Jump Crypto, gained more than 20% while the news echoed on social media. Thus, it retested the $2, which it has been trading under since June 9th. INJ is currently trading around $1.85. Despite this, the ATH level is 92.49% off at $25.01.
Unstoppable Finance raises $12.8M for DeFi wallet
Led by Lightspeed Venture Partners, the funding round saw participation from Rockaway Blockchain Fund and Fabric Ventures. Germany-based fintech firm Unstoppable Finance has raised $12.8 million to develop the DeFi wallet “Ultimate”. Led by Lightspeed Venture Partners, the tour saw participation from the Rockaway Blockchain Fund and Fabric Ventures. Series A follows an initial funding round of 4.5 million euros in October last year.
1/5 Today we are thrilled to announce our €12.5m Series A funding round 🤑 led by @lightspeedvp. We're on a mission to build the perfect mobile-first, multi-chain DeFi investing experience. We're blown away that our waitlist has surpassed 300k registrations 🤯🤯🤯 . pic.twitter.com/na7tyVNyBm
— Ultimate (by Unstoppable Finance) (@UltimateMoney) August 10, 2022
Ultimate is a self-storing wallet mobile app that offers access to DeFi protocols to offer easy investments and transactions to the masses. Unstoppable Finance aims to make DeFi more accessible to mainstream audiences by condensing the options available.
