TechFlow reports, according to TheBlock, that Web3 payment company Coinflow Labs has raised $2.25 million in a seed funding round led by CMT Digital, with participation from Reciprocal Ventures, Jump Crypto, Draper Dragon, and Digital Currency Group. This brings Coinflow's total funding to $3.7 million since its pre-seed raise in early 2023.
Following this seed round, Sam Hallene, an investor at CMT Digital, will join Coinflow’s board of directors. The company plans to use the funds to strengthen its sales, engineering, compliance, and other teams.
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