Financial service platform Evrynet has concluded a $7 million fundraiser for its forthcoming decentralized finance app targeting institutional investors, offering further evidence that DeFi has an institutional-grade audience.
The private investment round was led by Signum Capital, a Singapore-based blockchain venture fund, with participation from Petrock Capital, Ellipti Ventures and others. Evrynet’s previous backers include HashKey Capital, Everest Ventures, Hanwha Investments and Securities, and Seven Bank, among others.