News01 October 2021

Kokoa Finance Secures $2.3 Million From The Latest Funding Round

Kokoa Finance Secures $2.3 Million From The Latest Funding Round

Summary

· Kokoa Finance strategic funding round is concluded

· The funding round raised $2.3 million

· Kokoa to bring DeFi and stablecoins to Klaytn (KLAY)

Pioneering DeFi and stablecoin platform based on the Klaytn platform, Kokoa, has announced the end of a successful strategic funding round that raised $2.3 million. The funding round was led by top venture capitalists and angel investors.

The funding round was led by Hashed, an iconic Korean venture capitalist. Other notable names that took part in the funding round include Sky Vision Capital and a41 Ventures. Together, the venture capitalists and angel investors managed to raise $2.3 million.

“We believe Klaytn is one of those hidden gems platforms that’s going to make waves in the future. Its DeFi ecosystem is still immature, and given its already significant success, it’s an amazing opportunity for anyone willing to take it. By launching Kokoa and KSD first, we expect to start the flywheel of DeFi adoption on this chain and lay the carpet for new builders and users.” - Jwon Do, Founder Kokoa Finance.

With these funds, Kokoa Finance plans to advance its plans for adopting DeFi on its Klaytn platform.

Kibet Elikana
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