HomeCanadaFilSwan Raises $3M in Funding

FilSwan Raises $3M in Funding

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FilSwan

FilSwan, a Toronto, Canada-based cross-chain infrastructure for web3, raised $3m in funding.

The round was led by Binance Labs and SNZ holdings with participation from Waterdrip Capital, FBG Capital, Protocol Labs, Unicorn Hunter Ventures, Chain Capital, LD Capital, Cabin VC, Betterverse Dao, and DAO Kondr VC. In addition, the team received funding support from the Filecoin Foundation and Chainlink.

The funds will support product development and user acquisition.

Led by founder Charles Cao, FilSwan provides a cross-chain infrastructure for web3, whose services integrate data, computing, bandwidth, and payment into one suite for Web3 projects. The company recently announced the first cross-chain product, multichain.storage, which launched on the Polygon mainnet. Integrated with Chainlink’s external adapter and price feed technology, the product enables the user to pay IPFS/Filecoin storage by Polygon stablecoin. It lowers the operation bar and simplifies the dApps development process in Web3 storage.

FilSwan is also an alumnus of the Binance Labs incubator and Startup-with-Chainlink program.

FinSMEs

18/01/2023

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