According to Foresight News, Gull Network, a DeFi project in the Manta ecosystem, has completed a $1.6 million private placement financing. This round of financing was co-led by Ozaru Ventures and Morningstar Ventures, and GBV, MH Ventures, Banter Capital, Sky Vision Capital, Asteroid Capital, Andromeda Capital and Momentum also participated in the investment. The funds will be used to accelerate product development and enhance network infrastructure.