Conduit’s Series A was co-led by Dragonfly Capital and Altos Ventures, with participation from Circle Ventures, Digital Currency Group, Commerce Ventures and Sound Ventures

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Sound Ventures, Commerce Ventures, DCG, and Circle Ventures, which is the investment arm of the issuer of the USDC stablecoin, also participated in the round.
The round was led by Dragonfly and Altos Ventures, with backing from Circle Ventures and Digital Currency Group among others.

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