PANews reported on October 20th that on-chain liquidity distribution protocol Turtle announced an additional $5.5 million in funding, bringing its total funding to $11.7 million. This latest round of funding received additional investment from Bitscale VC, Theia, and Trident Digital. Institutional investors include SNZ HOLDING, GSR, FalconX, Anchorage VC, Fasanara Capital, NRD, Tower 18 Capital, Varys Capital, Relayer, Coinix, Flowdesk, Wise3, JPEG, Reflexive, Amber, Gami Capital, and Wise3 Ventures. The funding also received support from the founders of Polygon, 1inch, Gnosis, and Altlayer projects.
Turtle, a liquidity distribution protocol, connects funds to protocols through a transparent, data-driven coordination layer that curates investment opportunities, aggregates liquidity, and distributes it to a growing network of partners.