Injective has raised a $150M funding round to enable startups to develop financial apps on its blockchain.

Kraken Ventures participated in the funding.

Injective is a layer 1 blockchain solution that aims to make the development of financial dApps easier.
Injective's fund will support early-stage startups, while it aims to invest in Series A and Series B startups as the De-Fi ecosystem evolves.
The company was incubated in Binance Labs.
In addition to Kraken Ventures, Kucoin Ventures, Delphi Labs, Flow Traders, Gate Labs, Pantera, Jump, and IDG Capital also participated in this funding.
Since its inception in 2018, the company has raised over $200M.
Injective is based in New York.