Size raises $6 million backed by Three Arrows, Wintermute, Mgnr and more

Investments • June 1, 2022, 11:06AM EDT

Crypto startup Size raised $6 million in a seed round led by Singapore-based crypto hedge fund Three Arrows Capital and market markers Wintermute and Mgnr.

The funding round also included other companies like Alameda Research, D1 Ventures and Genblock Capital, according to an announcement on Wednesday. A group of angel investors from the crypto community also participated in the funding effort.

Per the company's description, Size offers users a way to "easily participate in sealed bid auctions for vested or unvested tokens."

It is currently focusing efforts on growing its community size and supporting its "peers in the ecosystem," according to the announcement.

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Catarina is a reporter for The Block based in New York City. Before joining the team, she covered local news at Patch.com and at the New York Daily News. She started her career in Lisbon, Portugal, where she worked for publications such as Público and Sábado. She graduated from NYU with a MA in Journalism. Feel free to email any comments or tips to [email protected] or to reach out on Twitter (@catarinalsm).