Three Arrows and DeFiance Capital join $12M Balancer Series A

Fernando Martinelli
Feb 10 · 3 min read

Balancer Labs is happy to announce that Three Arrows Capital and DeFiance Capital have made a combined investment of $5M in the Balancer protocol, joining recent investors Pantera Capital and Alameda Research via a direct purchase of BAL tokens from the Balancer Labs treasury.

This brings the size of the current rolling Series A round to $12M.

In addition to welcoming two deeply knowledgeable teams as long-term participants in the Balancer ecosystem, this new funding will further accelerate the growth of the Balancer Labs team and its ability to serve the Balancer community as it prepares to launch Balancer v2.

The journey to reach Balancer’s full potential requires listening to community feedback and addressing current flaws. Keeping an open ear to criticism from Arthur of DeFiance and Su Zhu of Three Arrows, this partnership is a very important step towards delivering an industry-leading experience to users who interact with all facets of the Balancer ecosystem.

Both investment firms are committed to the long-term success of the Balancer protocol and will be key strategic partners in Balancer’s expansion in Asia.

“Balancer Labs is delighted to team up with Three Arrows Capital and DeFiance Capital, two DeFi-native investment teams with clear visions of the space and strategic expertise to boost our momentum in building the primary source of liquidity for DeFi” — Fernando Martinelli, CEO of Balancer Labs

As DeFi leaps towards becoming simply finance, the global shift towards a decentralized financial system presents a greater opportunity than ever for the Balancer protocol. Recently surpassing $1B in TVL and $10B in total swap volume, the Balancer protocol is poised for accelerated growth.

“The Balancer team has pioneered a great deal of innovation in the DeFi space and is one of the most widely used liquidity protocols. We are excited to help them expand further.” — Su Zhu, Three Arrows Capital

“The Balancer team is the epitome of technical excellence and innovation in the DeFi space. The soon to be released Balancer V2 is another testimony of the team’s continued effort to innovate through clever design. DeFiance Capital is proud to support Fernando and his team in this exciting journey.” — Arthur, Founder of DeFiance Capital

About Three Arrows Capital

Three Arrows Capital is a Singapore-based cryptoasset hedge fund, founded by Su Zhu and Kyle Davies.

About DeFiance Capital

DeFiance Capital is a Decentralized Finance (DeFi) focused cryptoasset fund that combines fundamental research with an active involvement approach based in Asia.

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