Brale, a Des Moines, IA-based startup that enables decentralized and centralized finance to work together, raised $11.1M in funding.
The round was led by New Enterprise Associates (NEA), with participation from Matthew Prince (Co-Founder & CEO @ Cloudflare) and Albert Wenger (Managing Partner @ USV). In conjunction with the funding, NEA’s Scott Sandell joined Brale’s Board of Directors.
The company intends to use the funds to invest in research and development while supporting its regulatory efforts in the United States.
Led by Ben Milne, CEO, and Jared Dellitt, CTO, Brale enables institutions to create and manage stablecoins on distributed protocols. Integrated natively with popular retail chains, its platform can create new stablecoins or extend an existing private project to additional blockchains.
FinSMEs
24/02/2023