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1inch Network closes $175 million Series B, aims to serve institutions

1inch Network, a crypto project behind the popular decentralized exchange (DEX) aggregator 1inch app, announced Wednesday that it raised $175 million in a Series B funding round. The announcement comes three months after The Block reported that 1inch was raising at least $70 million in Series B funding. A month after that report, 1inch said it had increased the targeted raise amount to $175 million. Amber Group led 1inch’s Series B and it was a token funding round. Other participants …