Layer 2 development company Parfin has completed a $10 million Series A funding round, led by ParaFi Capital.

ChainCatcher news, according to The Block, Layer 2 development company Parfin has completed a $10 million Series A funding round, led by ParaFi Capital, with participation from Framework Ventures, L4 Venture Builder, and Núclea.

It is reported that the company will continue with a second Series A funding round, expecting to raise a total of $16 million. The new funds will be used to develop its Rayls network and expand its global operations.