Cross-chain infrastructure development company OneBalance has completed a $20 million Series A financing round, led by Blockchain Capital and others.

Gate News bot news, cross-chain infrastructure development company OneBalance has completed a $20 million Series A financing, bringing its total funding to $25 million to date.

This round of financing was led by Cyber Fund and Blockchain Capital, with participation from Mirana Ventures and L2IV. As part of this investment, Blockchain Capital's general partner Spencer Bogart has joined the board of OneBalance.

OneBalance aims to enhance the user experience of Web3 products through its cross-chain integrated product, Toolkit. This product allows developers to enable seamless cross-chain transactions for users (such as transferring assets or earning yields) without users needing to monitor cross-chain bridges or Gas fees. The company plans to use the new funding to increase its workforce and expand the functionalities of its Toolkit product.

Source: The Block