OneBalance Secures $20M Series A Led by CyberFund and Blockchain Capital – NFTgators

Discover the newest traits within the DeFi house. This article dives into: “OneBalance Secures $20M Series A Led by CyberFund and Blockchain Capital – NFTgators”.

Quick take:

• The fundraising additionally attracted participation from Mirana Ventures and L2IV.
• As a part of the funding, Blockchain Capital GP Spencer Bogart joined OneBalance’s board of administrators.
• The Series A spherical brings the full raised to $25 million.

OneBalance has raised $20 million in a Series A funding spherical led by CyberFund and Blockchain Capital, with participation from Mirana Ventures and L2IV. The fundraising brings the full raised by the cross-chain infrastructure developer to $25 million, following a $5 million seed spherical introduced in June 2024.

As a part of the funding, Blockchain Capital normal companion Spencer Bogart joined OneBalance’s board of administrators.

The firm plans to make use of the contemporary capital to develop its group and revamp its product toolkit. OneBalance’s suite of merchandise is designed to enhance the consumer expertise of web3 merchandise. By integrating its product toolkit, builders can allow seamless cross-chain transactions for customers.

Commenting on the announcement, OneBalance CEO and co-founder Stephane Gosselin mentioned in a press release: “Stablecoins are quickly replacing bank accounts and bringing millions of users on-chain. They expect delightful experiences, not a maze of chains, wallets, bridges to navigate through to complete the most basic actions.”

With OneBalance, customers can switch belongings or earn yield with out having to watch bridges or fuel charges. The firm is on a mission to “fix” the transactional friction created by the fragmentation of blockchain networks, wallets and bridges.

“OneBalance fixes this by offering simple one-click experiences for any chain, any action and any token with unmatched speed, reliability, and cost. We’ve rethought blockchain development from the node up to maximize value creation for users instead of the status quo of retail extractable value,” Gosselin added.

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