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News Explorer — Solana Protocol Cega Raises $5 Million, Expands to Ethereum

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Mar 27, 4:00 pm
The Block

Solana Protocol Cega Raises $5 Million, Expands to Ethereum

Cega, a DeFi derivatives protocol, has raised $5 million in a new funding round led by Dragonfly Capital, with participation from Pantera Capital and Robot Ventures. The round was realized via a Simple Agreement for Future Equity plus token side letter, and was an up round from Cega's last valuation of $60 million. This brings Cega's total funding to date to $9.3 million.

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