Enso raises $5 million to build decentralized social trading platform

Apr 13, 2021 | The Block News | 0 comments


Enso Finance, a project aimed at creating a dedicated social trading platform on the Ethereum network, has raised $5 million.

Leading the round were VC firm Polychain Capital and the Dfinity Beacon Fund. The funding round involved participation from companies like Multicoin Capital, P2P Capital, and Spartan Group, as well as angel investors from Synthetix, Messari, Aave and others, according to an announcement post.

“Enso was created with the conviction that decentralized finance should not be constricted to whitelisted integrations but should remain completely open,” the project team said in its post on Medium. 

The news represents the latest DeFi-focused project to attract interest from industry sources, including those that already operate in the DeFi space such as Aave and Synthetix. 

Earlier this month, Polychain led a funding round for Greenwood, a decentralized finance lending protocol that brought in $2 million in seed funding. 

Other DeFi-centric funding rounds in the past month include Element Finance ($4.4 million), Liquity ($6 million) and Vega ($5 million). 

© 2021 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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