bloXroute Labs News
3 articles
growth-positive
DeFi startup bloXroute raises $70 million Series B led by Softbank CTech
bloXroute, a global content distribution network for blockchain scalability, has completed a $70 million Series B funding led by SoftBank Vision Fund 2. The funding will enable bloXroute to expand its team and extend its reach. The companys blockchain distribution network (BDN) helps decentralized finance traders on Ethereum, Polygon, and BSC. bloXroutes unique network topology offers faster block and transaction propagation, as well as faster transaction discovery. The investment is seen as a key to unlocking faster transaction speeds and reduced latency on multiple blockchain networks. Robert Kaplan from SoftBank Investment Advisors will be joining bloXroutes board as part of the fundraising round.
Investment
growth-positive
SoftBank bets on Web 3, leads a $70 million investment in a decentralized blockchain tech startup bloXroute
bloXroute Labs, a decentralized blockchain tech startup, has raised $70 million in a Series B funding round led by SoftBanks Vision Fund 2. The funding brings the companys valuation to $410 million. bloXroute aims to solve the scalability problem of blockchain networks and provides a blockchain distribution network for DeFi traders. SoftBank has made 14 investments in Web3 businesses, including bloXroute, as part of its strategy to invest in the infrastructure side of the crypto market.
Investment
growth-positive
Blockchain startup headed by Northwestern and Cornell professors exceeds $10 million in investments
Blockchain solution startup bloXroute has announced that it has exceeded $10 million in investments. The company aims to solve networking problems in the current blockchain ecosystem by maximizing transaction volume and creating a network that propagates information more quickly. The latest round of funding came from leading venture capital hubs around the world. bloXroute was co-founded by Northwestern and Cornell University networking experts and has expanded to three locations in Chicago, Ithaca, and Tel Aviv.
Investment
