{"id":17788,"date":"2023-02-17T22:43:51","date_gmt":"2023-02-17T22:43:51","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/gloryfinance-and-korean-technology-venture-capital-sign-a-3-5m-seed-round-investment-agreement-press-release-bitcoin-news\/"},"modified":"2023-02-17T22:43:51","modified_gmt":"2023-02-17T22:43:51","slug":"gloryfinance-and-korean-technology-venture-capital-sign-a-3-5m-seed-round-investment-agreement-press-release-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/gloryfinance-and-korean-technology-venture-capital-sign-a-3-5m-seed-round-investment-agreement-press-release-bitcoin-news\/","title":{"rendered":"GloryFinance and Korean Technology Venture Capital Sign a $3.5m Seed Round Investment Agreement \u2013 Press release Bitcoin News"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div id=\"\">\n<header class=\"article__header\">\n<\/header>\n<div class=\"featured_image_container\">\n <\/p>\n<p>press release<\/p>\n<\/div>\n<p><strong>PRESS RELEASE. <\/strong>Early Jan 2023, in GloryFinance\u2019s Development office, the Project\u2019s Core team and representatives from one of the top Korean Technology Venture Capital has signed in a seed round funding investment agreement with a value confirmed to be USD 3.5M.<\/p>\n<p><span style=\"font-weight: 400;\">The funding will be under the form of Equity acquisition while further details of the deal are not mentioned due to confidentiality. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">GloryFinance (token: GLR) is a newly launched DeFi project whose mission is to make DeFi adoption accessible for everyone and accelerate Blockchain\u2019s applications sustainably across industries through Infrastructure development solutions.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">GloryFinance business model spins around its Ecosystem including 3 pillars: <\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Glorify: DeFi cross-chain application with UI innovation<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">GloryLabs: Blockchain as a Service (infrastructure development)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Glory Academy powered by Tech Education partner spinUp <\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">According to Glory Finance\u2019s representatives, the investment fund will assist the Project\u2019s growth in the global market over the next 3 years, strategically focused on hiring global tech talents and developers for GloryLabs \u2013 the blockchain infrastructure development &amp; enablement entity.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cGlory Finance leadership team is very delighted and confident in this strategic partnership with our new Investor whose portfolio has spanned across deep tech areas such as Data Center development, Smart City\/IoT infrastructure, AI and Blockchain in the global market. While we have quite a number of other blockchain specialized Venture Capitals interested in our business, we believe partnering with cross sector VC will provide us the opportunity to connect with exceptional entrepreneurs, tech experts and other partners globally. It aligns perfectly with our mission for a sustainable and inclusive future of blockchain applications.\u201d \u2013 Said James, spokesman and Co-founder of GloryFinance<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In a call with news.bitcoin.com, Glory Finance\u2019s representative was excited to share their ambitious plan to engage with more of global blockchain &amp; web3 VCs globally regardless of the bear market condition citing that bear markets can benefit venture capital firms because shakier markets lead to lower valuations and more attractive entry points for potential investors. The Project targets a total fund of USD 10M for the seed round. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">GloryFinance\u2019s team are engaging in this new journey after their first successful endeavor. The team has previously founded and led the development of a DeFi\/Blockchain project to a fast growth and expansion under 1 year, totaling $110M in Locked Value (peak) and reaching $100M in MarketCap making the project top 300 projects worldwide on CoinMarketCap.<\/span><span style=\"font-weight: 400;\"><br \/><\/span><span style=\"font-weight: 400;\"><br \/><\/span><span style=\"font-weight: 400;\">With GloryFi, the project aims to bring innovation and solve several main issues of the current Decentralized Finance services landscape with one goal is mind: Make DeFi available to everyone.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">GloryFinance links:<\/span><span style=\"font-weight: 400;\"><br \/><\/span><span style=\"font-weight: 400;\"><br \/><\/span><span style=\"font-weight: 400;\">Website: <a href=\"http:\/\/gloryfinance.io\/\">http:\/\/gloryfinance.io\/<\/a><\/span><span style=\"font-weight: 400;\"><br \/><\/span><span style=\"font-weight: 400;\">Twitter: <a href=\"https:\/\/twitter.com\/GloryFinanceio\">https:\/\/twitter.com\/GloryFinanceio<\/a><\/span><span style=\"font-weight: 400;\"><br \/><\/span><span style=\"font-weight: 400;\">Telegram: <a href=\"https:\/\/t.me\/GloryfinanceEn\">https:\/\/t.me\/GloryfinanceEn<\/a><\/span><span style=\"font-weight: 400;\"><br \/><\/span><span style=\"font-weight: 400;\">Discord: <a href=\"https:\/\/discord.com\/invite\/5hKbYyx3YX\">https:\/\/discord.com\/invite\/5hKbYyx3YX<\/a><\/span><\/p>\n<p>\u00a0<\/p>\n<hr\/>\n<p><small><i>This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.<\/i><\/small><\/p>\n<div class=\"article__body__author\">\n<div class=\"article__body__author__avatar\">\n<img src=\"https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2019\/08\/logomark-150x150.png\" srcset=\"https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2019\/08\/logomark-150x150.png 1x, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2019\/08\/logomark-300x300.png 2x\" class=\"avatar avatar-150 photo\"\/>\n<\/div>\n<div class=\"article__body__author__info\">\n<h6 class=\"article__body__author__info__name\">\nMedia <\/h6>\n<p class=\"article__body__author__info__about\">\nBitcoin.com is the premier source for everything crypto-related.<br \/>\nContact the Media team on ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options.<\/p>\n<\/div>\n<\/div>\n<p class=\"images_credits\"><em><b>Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons<\/em><\/p>\n<div class=\"bottom_article_widgets\">\n<aside id=\"bn_widget_spacing-18\" class=\"td_block_template_1 widget widget_bn_widget_spacing\"\/>\n<aside id=\"custom_html-21\" class=\"widget_text td_block_template_1 widget widget_custom_html\">\n<h4 class=\"block-title\"><span>More Popular News<\/span><\/h4>\n<\/aside>\n<aside id=\"bn_widget_spacing-19\" class=\"td_block_template_1 widget widget_bn_widget_spacing\"\/>\n<aside id=\"custom_html-46\" class=\"widget_text td_block_template_1 widget widget_custom_html\"\/>\n<aside id=\"bn_widget_spacing-20\" class=\"td_block_template_1 widget widget_bn_widget_spacing\"\/>\n<aside id=\"custom_html-30\" class=\"widget_text td_block_template_1 widget widget_custom_html\">\n<h4 class=\"block-title\"><span>In Case You Missed It<\/span><\/h4>\n<\/aside>\n<\/div>\n<\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><script>(function(d, s, id) {\n        var js, fjs = d.getElementsByTagName(s)[0];\n        if (d.getElementById(id)) return;\n        js = d.createElement(s); js.id = id;\n        js.src=\"https:\/\/connect.facebook.net\/en_US\/sdk.js#xfbml=1&version=v3.2\";\n        fjs.parentNode.insertBefore(js, fjs);\n    }(document, 'script', 'facebook-jssdk'));<\/script><br \/>\n<br \/><a href=\"https:\/\/news.bitcoin.com\/gloryfinance-and-korean-technology-venture-capital-sign-a-3-5m-seed-round-investment-agreement\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) press release PRESS RELEASE. Early Jan 2023, in GloryFinance\u2019s Development office, the Project\u2019s Core team and representatives from one of the top Korean Technology Venture Capital has signed in a seed round funding investment agreement with a value confirmed to be USD 3.5M. The funding will be under [&hellip;]<\/p>\n","protected":false},"author":24,"featured_media":17789,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/17788"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=17788"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/17788\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/17789"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=17788"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=17788"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=17788"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}