According to BlockBeats, GullNetwork, a decentralized exchange built on the Manta Network, announced on April 13 that it has successfully raised $1.6 million in private funding. The funding round was led jointly by Ozaru Ventures and Morningstar Ventures, with participation from several Web3 native investment institutions including GBV, MH Ventures, Banter Capital, Sky Vision Capital, Asteroid Capital, Andromeda Capital, and Momentum 6.
The funds raised will be used to accelerate the development of GullNetwork's products, enhance its network infrastructure, and expand its top-tier talent team. In addition, GullNetwork plans to use this investment to foster partner relationships, expand its ecosystem, and increase its marketing efforts.
Notably, GullNetwork also received strategic funding from Manta Network, which will aid in integrating the most advanced privacy protection features.