Superfluid Finance in a $9 million seed funding round led by Multicoin Capital.

Superfluid Finance, a Talinn, Estonia-based software developer of an Ethereum-based money streaming protocol that automates recurring transactions, announced raising $9 million seed funding.

The money was raised from investors led by Multicoin Capital, and joined by Semantic Ventures, DeFiance Capital, Delphi Digital, DeFi Alliance, Divergence Ventures as well as by angels Balaji Srinivasan, Ryan Selkis of Messari, Stani Kulechov.

Superfluid Finance, founded in by CEO Francesco George Renzi, developed a software solutiom that is using an ERC20 token called Super Token and which allows users to perform multiple tasks in a single transaction. Business cases include the automation of recurring transactions such as subscriptions, salaries, rewards and any composable stream of value, with continuous settlement and per-second netting for extreme capital efficiency.

Superfluid is currently live on the Ethereum, Polygon, and xDAI networks.