Did Ripple invest in Flare?

Building upon this momentum, Flare further strengthened its financial foundation in 2021 by successfully raising $11.3 million through a diverse range of investors. This round of funding underscored the continued growth and attractiveness of the project to both institutional and individual backers.

Among the investors that contributed to Flare's $11.3 million funding round were prominent players like the Digital Currency Group. The involvement of such reputable organizations highlighted the project's credibility and the potential for substantial returns in the future.

In addition to institutional investors, Flare also garnered support from individual investors who recognized the merit of the project. Names like Do Kwan and Charlie Lee, both influential figures in the cryptocurrency space, added their weight to the round, underscoring the project's appeal to both experts and enthusiasts alike.

BTCC, a renowned cryptocurrency exchange, offers a comprehensive suite of services that cater to the diverse needs of traders and investors. Its offerings include spot trading, enabling users to buy and sell digital assets at current market prices, as well as futures trading, which allows for more advanced strategies and risk management.

The Flare team experienced a significant boost in their funding journey when they secured a substantial investment from Xpring, the investment arm of Ripple Labs, in 2019. This infusion of capital marked a crucial milestone for the team, signaling the industry's recognition of their potential and vision.