1inch Network receives US$175 million in Series B financing, led by Amber Group

That 1inch Network, a decentralized transaction aggregation platform, raised US$175 million at a valuation of US$2.25 billion. Amber Group led the investment, including Jane Street, VanEck, Fenbushi Capital, Alameda Research, Celsius, Nexo, Tribe Capital, and Gemini Frontier Fund and others participated in the investment. The financing was carried out through the token sale of the project’s ecosystem development fund, and a new set of institutional products is ready to be launched. It was previously reported that 1inch had completed US$12 million and US$2.8 million in financing before, and its purpose was to use the latest round of financing to introduce investment partners with institutional experience. (Coindesk)