Ethereum liquidity protocol Superfluid completes $5.1 million strategic financing, led by Fabric Ventures

ChainCatcher news, Ethereum fund flow protocol Superfluid announced the completion of a $5.1 million strategic financing round, led by Fabric Ventures, with participation from Multicoin Capital, IOSG Ventures, Circle Ventures, Safe Foundation, The LAO, Taavet+Sten, and others. This round of financing concluded at the end of last year and has a structure similar to the company's seed round financing, which includes equity with token warrants.

It is reported that Superfluid raised $9 million in seed funding in 2021. The strategic financing is nearly three years late and is smaller in scale than the seed financing. Superfluid co-founder and CEO Francesco George Renzi stated that Superfluid has raised the necessary funds, brought in the right investors, and is moving the project to the next stage.

In addition, the Superfluid protocol was launched in 2021, allowing crypto projects such as decentralized autonomous organizations to pay recurring salaries and rewards in single-chain transactions using its "super tokens." Super tokens can create cash flows between parties. Today, Superfluid launched the "distribution pool," which can create a fund pool that can be allocated to multiple recipients.