IOSG Ventures Invests in Funding Infrastructure Fun

IOSG Ventures has announced an investment in the funding infrastructure Fun, with the specific amount undisclosed. Fun provides embedded funding channels that integrate fiat channels, cryptocurrencies, assets, wallets, and blockchain networks, supporting deposit, withdrawal, cross-chain routing, and checkout functionalities. Currently, Fun provides all deposit and withdrawal services for Polymarket and has integrated with platforms such as Lighter and Aave, processing an annual funding scale of up to $100 billion. Fun was founded by Alex Fine in 2022. In May 2026, Fun completed a $72 million Series A funding round, led by Multicoin Capital and SignalFire, with participation from Infinity Ventures, Pharsalus Capital, and Tinder co-founder Justin Mateen.

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