The trading mini-application Blum has raised $5 million during its pre-seed and seed funding rounds, as announced by the project team on their Telegram channel.
The funding round, led by Gumi Cryptos Capital with participation from Spartan and No Limit Holdings, initially received backing from YZi Labs and Top.co at the pre-seed stage. Subsequently, OKX Ventures, Bitscale Capital, Wintermute Ventures, and angel investors joined the effort.
According to Blum’s CEO and co-founder Gleb Kostarev, the investment will aid in the development of the application’s trading functionality.
As per the updated roadmap for 2025, the project plans to expand into a multichain platform, adding support for new blockchains on the Blum.io website and other platforms. Meanwhile, the mini-application on Telegram will continue to focus on supporting TON.
The AI-based Blum Memepad ranks second globally with a trading volume of $200 million, 200,000 tokens created, and 380 coins listed on DEX.
The number of application users has exceeded 90 million, according to the latest data.
Back in August 2024, Binance Labs’ venture arm invested an undisclosed amount in Blum. The deal was part of the seventh season of the Most Valuable Builder from BNB Chain.