Solana Blockchain Explorer SolanaFM Raises S$6.3M in Seed Funding

SolanaFM, a Solana blockchain explorer offering indexing and analytical services, announced that it has secured S$6.3 million in a seed funding round spearheaded by SBI Group's Digital Asset Opportunity Fund.

The seed round was also joined by Zee Prime, Spartan Group, Mirana Ventures, Petrock Capital, K3 ventures, D1 Ventures, FT capital, 3Chaps, Etherscan, and several angel investors.

The funds raised will be utilised to enhance SolanaFM's services and to expand its team. The company currently manages a workforce of 25 staff who are mainly in the engineering team, with the remaining staff focused on growing the business.

Fathur Rahman, COO of SolanaFM said: "We're honoured to have these investment powerhouses backing us to spur the growth of SolanaFM both within and outside the ecosystem. With a fresh injection of financing from our latest round of investors, we aim to expand our team to achieve better customer fulfilment rates, support significantly faster development lifecycles and serve Solana users the general-purpose data tools they deserve."

Source: Fintech News