Flare Raises $11.3M in New Investment Round

Flare, the blockchain network running on the Federated Byzantine Agreement (FBA) consensus mechanism, has raised $11.3M in its latest fundraising round. Contributions to Flare came from a slew of prominent names in crypto including Digital Currency Group, Coinfund, Kenetic Capital, LD Capital, cFund, Borderless Capital, Wave Financial, and Backend Capital.