ParaFi Capital led a $40m Series B round in Oxio.

ParaFi Capital ,an alternative investment firm focused on blockchain and decentralized finance markets, led a $40m Series B round in Oxio, a telecom-as-a-service platform, with participation from Digital Currency Group, Ascend, Leyden, Multicoin Capital, Monashees, Atlantico Capital, FinTech Collective, Allan Green, and others. “Girard’s vision to create a modern, next-generation telecom anchored in web3 is exactly the kind of innovative thinking we look for in our portfolio companies. OXIO is fundamentally changing how the telecom industry is built and, through that foundation, enabling a superior customer experience," Ryan Navi, Principal ParaFi Capital.