Wombat Exchange Closed $5.25 Million Series A Funding Round Led by Animoca Brands and Others

Wombat Exchange, a multi-chain stablecoin swap platform, has closed a $5.25 million Series A round of funding, bringing its valuation to $70 million. The round was led by Animoca Brands and Hailstone Ventures, with participation from BNB Chain, TPS Capital, GSR and others. The funds raised will be used to accelerate Wombat's product development and expansion. Previously, Wombat Exchange closed a seed round of investment led by Binance Labs in November 2021.