Ren Labs Closed $7.5 Million in Funding Multicoin Capital and Others

TokenInsight news, Ren Labs, the creators of cross-chain bridge Ren, has closed a $7.5 million funding round with participation from Amber Group, Multicoin Capital, GBV Capital and others. The funds will be used to advance the development of Catalog, a new AMM and the first application to be built on the forthcoming Ren blockchain. It is reported that Catalog will be able to interact directly with users’ bank accounts for “easy deposits and withdrawals”. The team is currently targeting an April launch for Catalog, and a full Ren chain launch in “Q3 or Q4”.