The funding management institutions for the AC startup project Flying Tulip are MEV Capital and Re7 Labs, and the community calls for a re-selection

The crypto KOL @Cbb0fe called out to Andre Cronje on platform X, suggesting to reselect the $1 billion fund management institution for Flying Tulip. Official information shows that the current fund management institutions are MEV Capital and Re7 Labs, and both have performed "disastrously" in the recent DeFi series collapse.

According to the crypto data platform RootData, the crypto project Flying Tulip founded by Andre Cronje announced the completion of a $200 million private seed round financing at a valuation of $1 billion. This round of financing was participated in by Brevan Howard Digital, CoinFund, DWF Labs, FalconX, Hypersphere, Lemniscap, Nascent, Republic Digital, Selini, Sigil Fund, Susquehanna Crypto, Tioga Capital, and Virtuals Protocol.

This $200 million financing was completed through a Simple Agreement for Future Tokens (SAFT) structure. Flying Tulip aims to build an on-chain trading platform covering the entire DeFi space— including spot, derivatives, lending, stablecoins, and insurance, unified within one system.