On January 23, PANews reported that River has completed a $12 million strategic funding round. Investors include Tron DAO, Justin Sun, the Maelstrom Fund founded by Arthur Hayes, The Spartan Group, and several NASDAQ-listed companies from the United States and Europe. This funding will support River's expansion into both EVM and non-EVM ecosystems, including TRON, Sui, and other networks, and will continue to build on-chain liquidity infrastructure.
River Completes $12M Strategic Funding Round Led by Maelstrom Fund and The Spartan Group
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Summary
River has announced the completion of a $12 million strategic funding round, led by the Maelstrom Fund and The Spartan Group. Investors include Tron DAO, Justin Sun, and several NASDAQ-listed firms from the U.S. and Europe. The funding will accelerate River's expansion into EVM and non-EVM ecosystems such as TRON and Sui. Funding rates will be closely monitored as the company scales its liquidity infrastructure. This move comes amid shifting market sentiment, with the fear and greed index showing early signs of stabilization.
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