DeFi startup Web3 Polytrade raises $3.8 million in funding from Alpha Wave, Matrix Partners, others

Web3 Polytrade, which aims to streamline global trade supply chains using blockchain, has raised $3.8 million in a seed round led by Alpha Wave, Matrix Partners, Polygon Ventures and CoinSwitch Ventures. Singularity Ventures, GTM Ventures and other angel investors also participated in the round.

The startup operates in the decentralised finance (DeFi) space.