DeFi Firm BloXroute Raises $70M to Fund Expansion in SoftBank-Led Round

DeFi company BloXroute closed a $70 million Series B round led by SoftBank Vision Fund 2. The funds raised will be used to scale the team and extend its reach. In addition, Robert Kaplan, an investment director at SoftBank Investment Advisers, will join the bloXroute board. BloXroute is a provider of a blockchain distribution network, or BDN, for DeFi traders on Ethereum, Polygon and the BNB Chain.