Institutional investors are actively deploying capital to this crypto startup
A new cryptocurrency startup has surged, already attracting $25 million from institutional capital in a ‘Seed A’ fundraising round. Tether led the round as a tier 2 investor and sided with three other venture capitalists (VCs) supporting the project. On February 5, Oobit (OBT) did its Seed A funding round that raised $25 million, according to data from CryptoRank . It was the largest cryptocurrency fundraising in February, which drew attention to the event. Notably, Tether appeared as the tier 2 investor for this round. Followed by tier 4 CMCC Global, tier 5 468 Capital, and the angel investor Anatoly Yanovenko. Together, they are the four Series-A investors deploying $25 million to Oobit. Oobit funding insights: Funding rounds – Seed A. Source: CryptoRank What is Oobit, and how to get exposure to the crypto startup? Smaller investors who want exposure to the startup can do that through its token OBT. The digital asset runs on Ethereum (ETH) and the BNB Chain (BNB), co...