PiLab Technology Raises $57M Eco-Fund

PiLab Technology

PiLab Technology, Inc., a Seoul, South Korea-based blockchain technology company that has developed the multichain middleware platform, BIFROST, will launch a $57m Eco-Fund to expand its BIFROST ecosystem.

The fund will be granted to projects contributing to the Metaverse and Web3-based developments, such as non-fungible tokens (NFT) and decentralized finance (DeFi) to bring forth promising blockchain projects and DApps into the BIFROST ecosystem.

The company has confirmed the fund to:

  • Delta Finance, a DeFi co-developed by Coinplug, a blockchain development firm, and
  • Blockwater Technologies, a crypto investment firm.

Co-founded by Dohyun Pak, CEO, Jonghyup Lee, CTO, and Changhyun Yoo, COO, in 2017, PiLab Technology is a blockchain-based technology company that has developed multiple multichain services, including BIFROST and BiFi. The company has recently raised a $8.4m Series A led by Korea Investment Partners, STIC Ventures, and Yuanta Investment Co., Ltd.

FinSMEs

28/03/2022