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iZUMi Finance Closes $22 Million Financing Round To Launch on zkSync Era

iZUMi Finance, a Liquidity-as-a-Service (LaaS) decentralized finance (DeFi) protocol, has made public their announcement that they have successfully completed a fundraising round totaling $22 million.

This funding will be put to use to support the early liquidity of the company’s on-chain Order Book DEX (Decentralized Exchange) product, known as iZiSwap Pro, which will run on the zkSync Era network, according to the latest information shared with Finbold on April 27.

Unicode Digital, NextGen Digital Venture, Bella Protocol, Incuba Alpha, and other investors contributed to this funding round, which is the biggest piece of financing news in the zkSync Era ecosystem.

In this new round of funding, iZUMi Finance has used a creative fundraising technique. iZUMi, with the help of its strategic partner Solv Protocol, released their “iZUMi zk-Fund” using Solv V3, the most recent iteration of Solv Protocol’s paradigm protocol. 

(by Jordan Major)

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