Decentralized finance (DeFi) protocol Aurigami has raised $12 million in token rounds, according to The Block.
The founding round was co-led by crypto venture capital firms Dragonfly Capital and Polychain Capital. While other participants included Coinbase Ventures, Alameda Research, Jump Crypto, Amber Group and QCP Capital.
Among angel investors were Aurora CEO Alex Shevchenko, Etherscan CEO Matthew Tan, former ParaFi partner Santiago Santos and CoinGecko co-founders Bobby Ong and TM Lee.
Aurigami told The Block that $9.5 million was raised via a private token sale, while $2.5 million via an initial exchange offering (IEO) on KuCoin, Bybit and Impossible Finance. It added that the private token sale closed in February and the IEO in May.
According to The Block, investors purchased Aurigami's native token PLY, which currently trades at around $0.001. CoinGecko's data shows that PLY has dropped 95% from its all-time high of about $0.02.
Aurigami is a DeFi protocol based on the Aurora...
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