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It gained early backing from YZi Labs and Top.co, important supporters in the pre-seed phase. During the seed round, they were accompanied by OKX Ventures, Bitscale Capital, Wintermute Ventures, and various angel investors, according to the release.
"This investment represents a significant milestone for Blum since it will aid in the enhancement of the app's commerce features. We are extremely thankful to our partners and supporters for their faith in our vision," remarked Blum CEO and co-founder Gleb Kostarev, whose comments are cited in the announcement. He mentioned that Blum's strategy for investing involves not just securing funding but also meticulously choosing partners.
Blum was established in April 2024 by ex-senior executives of the Binance platform, Kostarev and Vladimir Smerkis, and it officially commenced operations on July 15, 2024. It is a decentralized trading application that provides access to tokens on both centralized and decentralized exchanges, along with an easy derivatives trading feature within a Telegram mini-app.
source: bloomberg.com
"This investment represents a significant milestone for Blum since it will aid in the enhancement of the app's commerce features. We are extremely thankful to our partners and supporters for their faith in our vision," remarked Blum CEO and co-founder Gleb Kostarev, whose comments are cited in the announcement. He mentioned that Blum's strategy for investing involves not just securing funding but also meticulously choosing partners.
Blum was established in April 2024 by ex-senior executives of the Binance platform, Kostarev and Vladimir Smerkis, and it officially commenced operations on July 15, 2024. It is a decentralized trading application that provides access to tokens on both centralized and decentralized exchanges, along with an easy derivatives trading feature within a Telegram mini-app.
source: bloomberg.com
