ENSO secures $4.2M in funding

June 25, 2024 06:03 AM PDT | By Invezz

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ENSO secures $4.2M in funding — Image source: Invezz

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Zurich, Switzerland, June 25th, 2024, Chainwire

ENSO, the world’s first intent engine powering chain abstraction, and intent-centric future, announced today the successful closure of a $4.2+ million funding round. The funds will be used for continued product development, with their L1 cosmos-based blockchain to be launched this year.

The round had participation from Ideo Ventures, Hypersphere, and 60+ angels from: Safe, Socket, Titan, Essential, Sygnum, TheGraph, Alchemix, Biconomy, Yearn, Squid, Liquity, Pendle, Everclear, Flashbots, Dune, and many more.

ENSO tooling has facilitated over $11 billion in on-chain settlements within the past year, serving more than 35 projects currently in production. This funding enhances ENSO’s efforts to expand its infrastructure capabilities and support further adoption across DeFi and blockchain applications.

“We’re thrilled to have the support of Ideo Ventures, Hypersphere, and an exceptional group of angels as we embark on our next phase of growth,” said Connor Howe of ENSO. “This funding validates our vision to transform blockchain interactions and underscores the confidence in our technology from both institutional backers and the angels involved.”

ENSO is the connectivity layer of crypto. Connecting all ecosystems within one network, enabling application developers and users to express their desired outcome as an intent, allowing truly composable applications to be built without the necessity of building manual integrations

About ENSO

ENSO is a leading provider in the blockchain infrastructure space, enabling efficient and secure on-chain transactions for DeFi and blockchain applications. With over $11 billion enabled to be settled on-chain within the past year and a growing list of projects, ENSO is transforming blockchain interactions with intents.

Contact

CEO
Connor Howe
[email protected]

The post ENSO secures $4.2M in funding appeared first on Invezz

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