Velvet Raises $3.7M in Funding, with Participation from YZi Labs

July 9th, according to Cointelegraph, DeFi asset management protocol Velvet Capital announced the completion of a $3.7 million funding round. Investors included YZi Labs, Blockchain Founders Fund, FunFair Ventures, Selini Capital, Mucker Capital, PAKA, LucidBlue, Mindfulness Capital, SkyVision Capital, Gate Labs, Poolz Ventures, NexGen, Cointelegraph Accelerator, Gains Associates, Rarestone, Echo, DWF Ventures, among others. Reportedly, this funding will provide frictionless portfolio management and trading for funds, DAOs, and individual traders, while driving its governance and utility token. [BlockBeats News]