According to ChainCatcher, Oak Grove Ventures announced its participation in the $4 million seed round of Meridian, a DeFi project in the Movement ecosystem. This round of financing was co-led by ParaFi Capital and Borderless Capital, and well-known institutions such as Amber Group, Saison Capital and Interop Ventures also participated.

Meridian is a decentralized liquidity market and liquidity staking protocol platform built on the Movement network. The platform uses smart contracts based on the Move language to provide deep liquidity to partner protocols while providing users with secure and efficient asset returns.

Web3 asset data platform RootData shows that Oak Grove Ventures is an early-stage investment fund focusing on cutting-edge fields such as cryptocurrency. It has successfully supported more than 50 projects and 12 funds.