Balancer Labs announced today a $5 million investment round led by DeFi (decentralized finance) mainstays Three Arrows Capital and DeFiance Capital. The two VCs now join Pantera Capital and Alameda Research in investing, bringing Balancer’s series A round to a total of $12 million raised.
The investment might come as a surprise to some, given that in a recent podcast Arthur of DeFiance Capital gave a less-than-glowing review of Balancer as an automated market maker (AMM) relative to its peers:
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![Following V2 plans, Balancer raises $5 million from Three Arrows & DeFiance](https://d1-invdn-com.akamaized.net/content/pic57634f9bc01c1b2bdc0a0a1ec8907336.jpg)