Router Protocol, a bridge connecting various blockchains, has announced a major development. The company has successfully secured oversubscribed funding with the participation of well-known cryptocurrency funds and angel investors. To share the details of this achievement, the platform has released a comprehensive blog post.
Router Protocol Achieves Oversubscribed Funding
The company is excited about this milestone, highlighting that the strategic funding round aimed to expand Router’s cap table. The project specifically targeted cryptocurrency experts who understand the importance of cross-chain infrastructure in accelerating ecosystem growth as Router transitions into an L1 blockchain platform.
In addition, Router Protocol revealed that a group of experienced Web3 executives and founders joined as advisors and angels. Among them were individuals such as Ravindra (Frontier), Amitej (Stader), Anurag Arjun (Avail), Aniket (Biconomy), and Amrit Kumar (Altlayer), along with Parker Jou (Caldera), Keone Hon (Monad), and others.
The company also received strong support from its existing investors, including key players like Luganodes, RavenDAO, CryptoBantere, DeFi Capital, Woodstock, and Wintermute Ventures. This demonstrates their confidence in Router Protocol’s vision. Notable angels and advisors like Surojjit Chatterjee (EMA, Flipkart, Google, Coinbase) and Gokul Rajaram (Google/Doordash) also contributed to the funding.
Router Protocol plans to strategically allocate the funds to advance its development and support the highly anticipated mainnet release of Router Chain. The company aims to simplify blockchain transactions, paving the way for seamless cross-chain applications and user experiences.
The Platform Introduces the Router Ecosystem Grants Program to Assist Router Chain Projects
Shubham Singh, CEO of Router Protocol, expressed excitement about the ecosystem’s rapid growth. He noted that cross-chain projects such as FolioX and StakeEase are leveraging Router’s interoperability solutions. To further enhance the platform’s expansion, Router Protocol has announced the upcoming launch of the Router Ecosystem Grants Program. This initiative will provide substantial financial resources and support to promising projects on the Router Chain.