Blockchain startup SolRazr raises $1.5 M

Singapore- and Bangalore-based "Solana" blockchain-based venture platform SolRazr has closed a USD 1.5 million funding round from Moonrock Capital, Ascensive Assets, and Morningstar Ventures. Other funds including Genesis Block Ventures, Divergence, Genblock Capital, CMS Holdings, PANONY, and Skynet Trading participated in the round, while angel investors such as Sam Kazemian from Frax Finance, Leo Cheng from CREAM, Santiago R Santos, and Chris McCann also contributed. SolRazr has unveiled the first decentralized developer ecosystem for the Solana blockchain, comprising launchpad, accelerator, and developer Tools. Designed to be the de-facto fundraising and developer platform for projects building on Solana, SolRazr aims to support the growth of decentralized finance (DeFi) on the network.