DEX Aggregator 1inch Raises $175M in Funding Round Led by Amber Group

DEX Aggregator 1inch Raises 5M in Funding Round Led by Amber Group
1inch Network has raised $175 million as the decentralized finance (DeFi) platform gears up for the launch of a new set of institutional productsThe exchange aggregator and liquidity protocol announced the raise on Wednesday, saying that investors valued the project at $2.25 billion. The Series B round was led by Amber Group, with over 50 additional investors participating, including Jane Street, VanEck, Fenbushi Capital, Alameda Research, Celsius, Nexo, Tribe Capital and Gemini Frontier Fund, according to a press release.In an interview with CoinDesk, 1inch co-founder Sergej Kunz said that the raise was conducted via a token sale from the project’s…