GloryFinance and Korean Technology Venture Capital Sign a $3.5m Seed Round Investment Agreement

PRESS RELEASE. Early Jan 2023, successful GloryFinance’s Development office, the Project’s Core squad and representatives from 1 of the apical Korean Technology Venture Capital has signed successful a effect circular backing concern statement with a worth confirmed to beryllium USD 3.5M.

The backing volition beryllium nether the signifier of Equity acquisition portion further details of the woody are not mentioned owed to confidentiality.

GloryFinance (token: GLR) is simply a recently launched DeFi task whose ngo is to marque DeFi adoption accessible for everyone and accelerate Blockchain’s applications sustainably crossed industries done Infrastructure improvement solutions.

GloryFinance concern exemplary spins astir its Ecosystem including 3 pillars:

• Glorify: DeFi cross-chain exertion with UI innovation
• GloryLabs: Blockchain arsenic a Service (infrastructure development)
• Glory Academy powered by Tech Education spouse spinUp

According to Glory Finance’s representatives, the concern money volition assistance the Project’s maturation successful the planetary marketplace implicit the adjacent 3 years, strategically focused connected hiring planetary tech talents and developers for GloryLabs – the blockchain infrastructure improvement & enablement entity.

“Glory Finance enactment squad is precise delighted and assured successful this strategical concern with our caller Investor whose portfolio has spanned crossed heavy tech areas specified arsenic Data Center development, Smart City/IoT infrastructure, AI and Blockchain successful the planetary market. While we person rather a fig of different blockchain specialized Venture Capitals funny successful our business, we judge partnering with transverse assemblage VC volition supply america the accidental to link with exceptional entrepreneurs, tech experts and different partners globally. It aligns perfectly with our ngo for a sustainable and inclusive aboriginal of blockchain applications.” – Said James, spokesperson and Co-founder of GloryFinance

In a telephone with news.bitcoin.com, Glory Finance’s typical was excited to stock their ambitious program to prosecute with much of planetary blockchain & web3 VCs globally careless of the carnivore marketplace information citing that carnivore markets tin payment task superior firms due to the fact that shakier markets pb to little valuations and much charismatic introduction points for imaginable investors. The Project targets a full money of USD 10M for the effect round.

GloryFinance’s squad are engaging successful this caller travel aft their archetypal palmy endeavor. The squad has antecedently founded and led the improvement of a DeFi/Blockchain task to a accelerated maturation and enlargement nether 1 year, totaling $110M successful Locked Value (peak) and reaching $100M successful MarketCap making the task apical 300 projects worldwide connected CoinMarketCap.

With GloryFi, the task aims to bring innovation and lick respective main issues of the existent Decentralized Finance services scenery with 1 extremity is mind: Make DeFi disposable to everyone.

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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