According to Foresight News, Gull Network, a DeFi project under the Manta ecosystem, has successfully raised $1.6 million in private funding. The funding round was led by Ozaru Ventures and Morningstar Ventures, with participation from GBV, MH Ventures, Banter Capital, Sky Vision Capital, Asteroid Capital, Andromeda Capital, and Momentum.

The funds will be used to accelerate product development and enhance network infrastructure. This investment will enable Gull Network to further its mission in the DeFi space, providing a significant boost to its product development and network infrastructure.

The participation of multiple venture capital firms in this funding round underscores the potential they see in Gull Network's vision and the Manta ecosystem. This financial backing will allow the project to continue its growth trajectory and make significant strides in the DeFi market.