Solrise Finance raised $3.4 million Solrise Finance, a Sola | DeFi Protocol

Solrise Finance raised $3.4 million

Solrise Finance, a Solana-based fund and investment management protocol, said it has raised $3.4 million in a funding round that included Alameda Research. The capital will reportedly be used to make the DeFi ecosystem more accessible to a wider audience of investors.

CMS Holdings, Delphi Digital, Jump Capital, Parafi Capital, DeFi Alliance, Reciprocal Ventures and Skyvision Capital also invested.

Solrise Finance (SLRS) says it allows users to allocate capital among actively managed funds, helping make decentralized finance (DeFi) more accessible to a wider audience of investors. He says his platform helps reduce transaction costs.

The platform also allows users to create their own funds with access to assets from across Solana.