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Blockchain-based system Superfluid raises $9M

Wednesday 14th July, 2021

Superfluid a blockchain-based system that streams perpetual payments for use in crypto-native settings and for things like subscriptions, rewards and salaries, has raised $9 million in a funding round led by Multicoin Capital along with Semantic Ventures.

“We are thrilled to announce we have closed an oversubscribed $9M seed round from a group of tremendous investors, which will give us the fuel needed to service our community and build together a real-time finance economy, built on crypto native rails.” According to the company’s blog.

The nascent crypto economy is a dynamic and changing thing. “Real-time dynamic balances,” where financial parties can easily set up money streams from one to another, provides the foundation for a new generation of decentralised applications to bloom, according to Superfluid CEO Francesco George Renzi.

Balaji Srinivasan, Stani Kulechov, and Do Kwon, are some of the pioneers who have backed Superfluid, together with Multicoin Capital and Semantic Ventures, and other investers.

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