Spicenet raises $5M Series A led by dao5
- —$5M Series A led by dao5, with Babylon and Astrarizon participating
- —Total funding reaches $8M including the earlier seed round
- —Proceeds to fund Spice Edge and the SPICE token with initial liquidity
- —Spice Flow beta has already processed over $160,000 in volume
Why it matters: The project is building cross-venue margin for onchain finance, a segment where institutions still rely on fragmented venues.
Source: PANews