press release
NEWS RELEASE. Early Jan 2023, in GloryFinance’s Development workplace, the Project’s Core group and agents from among the top Korean Technology Venture Capital has actually checked in a seed round financing investment agreement with a worth verified to be USD 3.5M.
The financing will be under the type of Equity acquisition while more information of the offer are not discussed due to privacy.
GloryFinance (token: GLR) is a freshly released DeFi task whose objective is to make DeFi adoption available for everybody and speed up Blockchain’s applications sustainably throughout markets through Infrastructure advancement services.
GloryFinance organization design spins around its Ecosystem consisting of 3 pillars:
- Glorify: DeFi cross-chain application with UI development
- GloryLabs: Blockchain as a Service (facilities advancement)
- Glory Academy powered by Tech Education partner spinUp
According to Glory Finance’s agents, the mutual fund will help the Project’s development in the worldwide market over the next 3 years, tactically concentrated on working with worldwide tech skills and designers for GloryLabs – the blockchain facilities advancement & enablement entity.
“Glory Finance leadership team is very delighted and confident in this strategic partnership with our new Investor whose portfolio has spanned across deep tech areas such as Data Center development, Smart City/IoT infrastructure, AI and Blockchain in the global market. While we have quite a number of other blockchain specialized Venture Capitals interested in our business, we believe partnering with cross sector VC will provide us the opportunity to connect with exceptional entrepreneurs, tech experts and other partners globally. It aligns perfectly with our mission for a sustainable and inclusive future of blockchain applications.” – Said James, representative and Co-creator of GloryFinance
In a call with news.bitcoin.com, Glory Finance’s agent was delighted to share their enthusiastic strategy to engage with more of worldwide blockchain & web3 VCs internationally despite the bearishness condition pointing out that bearish market can benefit equity capital companies since shakier markets result in decrease appraisals and more appealing entry points for possible financiers. The Project targets a overall fund of USD 10M for the seed round.
GloryFinance’s group are participating in this brand-new journey after their very first effective undertaking. The group has actually formerly established and led the advancement of a DeFi/Blockchain task to a quick development and growth under 1 year, amounting to $110M in Locked Value (peak) and reaching $100M in MarketCap making the task leading 300 tasks worldwide on CoinMarketCap.
With GloryFi, the task intends to bring development and fix numerous primary concerns of the existing Decentralized Finance services landscape with one objective is mind: Make DeFi offered to everybody.
GloryFinance links:
Website: http://gloryfinance.io/
Twitter: https://twitter.com/GloryFinanceio
Telegram: https://t.me/GloryfinanceEn
Discord: https://discord.com/invite/5hKbYyx3YX
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