Blum Raises $5 Million from Major Crypto Funds
Date: 2025-02-13 Author: Oliver Abernathy Categories: BUSINESS
The round was led by Gumi Cryptos Capital, with Spartan and No Limit Holdings also participating. YZi Labs and Top.co provided support at the pre-seed stage, and OKX Ventures, Bitscale Capital, Wintermute Ventures, and a number of business angels later joined the funding.
Gleb Kostarev, CEO and co-founder of Blum, noted that the funds raised will be used to develop the platform's trading capabilities.
According to the new roadmap, Blum intends to expand its ecosystem to a multi-chain platform in 2025, adding support for new blockchains. Blum.io web and other integrated platforms will receive new features, while the mini-app in Telegram will continue to develop in the TON ecosystem.
Blum Memepad, based on artificial intelligence, has already taken the second place in the world in terms of trading volume, reaching $ 200 million. In addition, users have created 200,000 tokens, and 380 coins are listed on the DEX platform.
The number of users of the application also continues to grow rapidly and has already exceeded 90 million people.
Earlier, in August 2024, Blum received funding from Binance Labs as part of the Most Valuable Builder program from BNB Chain, but the exact amount of investment was not disclosed.
Gleb Kostarev, CEO and co-founder of Blum, noted that the funds raised will be used to develop the platform's trading capabilities.
According to the new roadmap, Blum intends to expand its ecosystem to a multi-chain platform in 2025, adding support for new blockchains. Blum.io web and other integrated platforms will receive new features, while the mini-app in Telegram will continue to develop in the TON ecosystem.
Blum Memepad, based on artificial intelligence, has already taken the second place in the world in terms of trading volume, reaching $ 200 million. In addition, users have created 200,000 tokens, and 380 coins are listed on the DEX platform.
The number of users of the application also continues to grow rapidly and has already exceeded 90 million people.
Earlier, in August 2024, Blum received funding from Binance Labs as part of the Most Valuable Builder program from BNB Chain, but the exact amount of investment was not disclosed.
