via The Block · By The Block Editorial
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Arbitrum-based derivatives startup Variational has raised a $50 million Series A round led by Dragonfly Capital, according to an announcement on X on Wednesday.
The round also saw participation from Bain Capital Crypto and Coinbase Ventures, according to Fortune, which was first to report the news. Bain previously led the company’s $10.3 million seed round.
Founded by Lucas Schuermann and Edward…
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