Gabriel Budi Sutrisno · · 1 min readThree Arrows Capital joins $20m round of crypto firm
Singapore-based VC firm Three Arrows Capital has participated in the US$20 million strategic funding round of Orderly Network, a permissionless, decentralized exchange protocol incubated by blockchain platform Near and trading platform Woo Network.
Other investors include Pantera Capital, Dragonfly Capital, Sequoia China, Jump Crypto, Alameda Research, GSR Ventures, and MetaWeb Venture Capital.
Three Arrows Capital co-founder Su Zhu/ Photo credit: Three Arrows Capital
Founded in April 2022, Orderly Network’s on-chain orderbook exchange is a platform for modular decentralized applications that enables them to use financial instruments, such as spot trading, margin trading, perpetual swaps, lending, and borrowing.
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Orderly Network will be building off of the Near blockchain and claims that by doing so, it is tapping into one of the fastest, most scalable layer-one blockchains in the industry.
The firm plans to use the fresh funds to expand recruitment across all key functions, develop and enhance new and existing products, and establish partnerships.
Editing by Deepti Sri and Jaclyn Tiu
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