Velvet Capital, a DeFAI Trading & Portfolio Management Ecosystem powered by intents announced its $3.7 million raise. The capital accelerated Velvet’s mission to make portfolio management and trading frictionless for funds, DAOs, and individual traders while powering the rollout of its new governance and utility token, VELVET

Alongside YZi Labs and Blockchain Founders Fund, the rounds drew backing from FunFair Ventures, Selini Capital, Mucker Capital, PAKA, LucidBlue, Mindfulness Capital, SkyVision Capital, Gate Labs, Poolz Ventures, NexGen, Cointelegraph Accelerator, Gains Associates, Rarestone, Echo, DWF Ventures, and other strategic investors.