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DeFi Infrastructure Provider Sooho. Io Raises $4.5M for Bridging Blockchains

The South Korean company will use the funds to develop a range of blockchain tools for building decentralized finance applications that link the country's independent crypto networks.

Sooho. io, a provider of decentralized finance (DeFi) services, has raised $4.5 million to help forge links between separate blockchains in its native South Korea.

The Series A+ funding round was led by Woori Technology Investment, the company said via email Tuesday. It extends a $4.5 million Series A funding round earlier this year.

The Seoul-based company, whose clients include Samsung and LG, intends to use the funds to develop a range of blockchain tools, such as software development kits (SDKs) and application programming interface (APIs) for setting up DeFi infrastructure and forging bridges between independent blockchains in South Korea and internationally.

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