According to BlockBeats, Honeypot Finance, a project under the Berachain ecosystem, announced on June 11 that it has completed a strategic financing round on platform X. The project is now valued at $20 million. The total funds raised in the seed and strategic financing rounds have reached $1.3 million.
The financing round was led by several institutions including TKX CAPITAL, CSP DAO, AQUANOW, Web3Port, and EnigmaValidator. The successful completion of this strategic financing round marks a significant milestone for Honeypot Finance, demonstrating the confidence and support of these leading institutions in the project's potential and future growth.
Further details about the use of the funds and the project's future plans were not disclosed. However, the successful financing round and the project's high valuation indicate a positive outlook for Honeypot Finance and the Berachain ecosystem.