TechFlow reports that Ammalgam, a decentralized lending exchange (DLEX), has announced the completion of a $2.5 million seed funding round. The round was co-led by Lightspeed Faction and Framework Ventures, with participation from investors including Robot Ventures, Bodhi Ventures, NGC Ventures, DeWhales, Blockchain Founders Fund, as well as angel investors Kain Warwick, Anton Bukov, Spencer Noon, and Jordi Alexander.
The Ammalgam team stated that it will use the funds to drive protocol growth and development, including expanding its core talent team and enhancing product development for current and future solutions.
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