US startup bloXroute gains new funding in latest Web3 bet for SoftBank

The logo of SoftBank Group Corp is displayed at SoftBank World 2017 conference in Tokyo, Japan, July 20, 2017. REUTERS/Issei Kato/File photo

U.S. startup bloXroute said on Tuesday it had raised $70 million in new funding led by SoftBank‘s Vision Fund 2, the latest investment in a decentralized blockchain technology company by the Japanese investment powerhouse.

The Series B fundraising values Chicago-based bloXroute at $410 million. Founded in 2017, it offers a fast-speed blockchain distribution network that powers decentralized finance (DeFi) traders.

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