According to Odaily, Ink Finance, a decentralized DAO financial governance platform supported by Republic Capital, Defi Alliance, Avalanche Ecological Fund, and Polygon Ecological Fund, recently announced the completion of a new round of financing worth $5 million. The investment round saw participation from Republic, Alliance, Blizzard Fund, P2 Ventures, GSR, DHVC, Draper Dragon, Bella, Aegis Ventures, and Tido Capital. The valuation details have not been disclosed yet.
The newly raised funds will be used to expand Web3 financial management, provide support for well-reputed DAOs and protocols within DeFi, and bridge the gap between DeFi and TradFi. The aim is to develop a more efficient, fair, and inclusive financial infrastructure. The announcement marks a significant step for Ink Finance in its mission to revolutionize the financial landscape by leveraging decentralized technologies.