Amalgam completes a $2.50 million seed round financing, with lead investment from Framework Ventures.

News from TechFlow reveals that the decentralized lending exchange (DLEX) Ammalgam has completed a $2.50 million seed round of financing. This round was led by Lightspeed Faction and Framework Ventures, with participation from Robot Ventures, Bodhi Ventures, NGC Ventures, DeWhales, Blockchain Founders Fund, among others. Additionally, angel investors such as Kain Warwick, Anton Bukov, Spencer Noon, and Jordi Alexander have also joined.

The Ammalgam team stated that they will utilize this investment to drive the growth and development of the protocol, including expanding the core team of talent and improving product development for current and future solutions.