DeFi platform Flying Tulip raises $25.5M in Series A funding

Flying Tulip, a DeFi platform under development by Sonic Labs (formerly Fantom) co-founder Andre Cronje, has secured $25.5 million in a private Series A funding round, The Block reported. The round saw participation from investors including Amber Group and Fasanara Digital. This follows a previous seed round in September where the platform raised $200 million.