Saros Secures $3.75 Million in Private Investment Round

Saros Secures $3.75 Million in Private Funding Round

Saros, a blockchain-based platform, recently announced that it has raised $3.75 million in a private funding round with backing from Solana ventures and other major investors. Spartan, GBV, Hashed, Arche Fund, Assym, Genblock, IF, K300, Kyros, Evernew, and Cryptomind were some of the participants in the fundraising activity.

Saros Super App: A Comprehensive Solution

The funds raised will be used to develop the Saros Super App, a non-custodial web3 application that aims to provide a one-stop solution for global payments and the transfer of digital assets. The company plans to launch the super app by the first quarter of 2024 and use the funds for further expansion strategies.

Saros’ Vision

In a blog post, Saros stated, “The successful funding round and the imminent launch of new products position us to accelerate growth, foster innovation, and build a more inclusive financial ecosystem. With the support of our investors, we are committed to reshaping the decentralized finance landscape and revolutionizing how users interact with digital assets.”

What’s Next for Saros?

Following the funding round, Saros plans to launch SarosID, a privacy-preserving digital solution that aims to enhance user engagement with the Saros Super App services.

Hot Take

Saros, a DeFi firm built on the Solana blockchain, has attracted potential investors and raised $3.75 million in a private funding round. With plans to launch the Saros Super App and SarosID, the company aims to reshape the decentralized finance landscape and revolutionize digital asset interaction.