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Flare Raises $11.3M To Bring Smart Contracts to All Chains

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Smart contracts platform Flare finished its latest funding round raising a total of $11.3 million. The world’s first Turing-complete Federated Byzantine Agreement (FBA) network has successfully attracted important investors.

The round was led by Kenetic Capital and received investments from major firms including Digital Currency Group, Coinfund, LD Capital, cFund, Wave Financial, Borderless Capital, and Backend Capital. Other than this, private investors such as Vinny Lingham, Do Kwan, and Litecoin founder Charlie Lee, as well as Newform Capital, Genesis Capital, ZB Group, MXC and DeFi Capital also added funds.

The platform gives additional utility for tokens through its smart contracts and uses its own native token as collateral for trustless iss…

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