CoinVoice recently learned that according to The Block, Intensity Labs, the developer of the DeFi protocol Shogun, has completed a $6.9 million seed round of financing, led by Polychain Capital and DAO5, with participation from Arrington Capital, Arthur Hayes' family office Maelstrom and Build-a-Bera. In addition, angel investors such as Cobie, Ansem, Ser Shokunin and Meltem Demirors also participated in this round of financing. Co-founder Rahul Patel said that this round of financing brings Shogun's fully diluted token valuation to $69 million.
It is reported that Shogun was incubated by Binance Labs. In March this year, Binance Labs invested in 7 startups including Shogun in the sixth incubation program.
According to RootData, a Web3 asset data platform, Shogun is an order flow aggregator and smart liquidity router for modular networks, initially launched on Cosmos. [Original link]
