Web2.5 project Torram has announced the closure of its pre-seed funding round, which ended in December 2024. The round was supported by top names such as Draper Associates, Blockchain Founders Fund, Boost VC, Side Door Ventures, Deep Ventures, MH Ventures, Silvermine Capital, and Trive Digital.

A total of $710,000 was raised for the project and is now making way for the building of its institutional-grade decentralized finance (DeFi) infrastructure directly on Bitcoin.

This groundbreaking idea positions Torram as a key leader in blockchain innovation in the evolving financial ecosystem. Commenting on the round, Vakeesan Mahalingam, ...