TechFlow News — According to Bloomberg, Avalanche-based DeFi protocol Struct Finance has announced a $3.9 million seed funding round, with participation from 24 institutions including Blizzard Fund (Avalanche’s $200 million ecosystem fund), Antler, Arcanum Capital, Assymetries Technologies, Avalaunch, AVentures Dao, Bison Fund, Bixin Ventures, Double Peak, FBG Capital, Finality Capital Partners, Infinity Ventures Crypto, Keychain Capital, Lancer Capital, Lucidblue Ventures, MC Ventures, QCP Capital, SCC Investments, Skyvision Capital, Spark Digital, Wintermute, Woodstock, Zokyo, and 0xVentures.
Reportedly, Struct Finance aims to address inefficiencies in current DeFi money markets through structured financial products. The newly raised funds will be used to build tools enabling institutions to easily customize their interest rate products and combine them with options to create structured products better suited to different investor profiles.
