Financing round: Defi developers have the attention of risk capital providers

Von Krypto News Österreich

Funding Roundup: Risk capital providers are optimistic about a decentralized future

The Defi protocols this week have largely maintained the dynamics when recording new risk capital dollars.

Investment platform Exponential -specialized in decentralized return opportunities-closed a 14 million dollar start-up round led by paradigma.

other investors involved were Huan Ventures, FTX Ventures, Solana Ventures and Polygon.

exponential plans to use the capital injection to continue the development of defi products so that daily investors can open up profitable games.

"We have put together an all-star team from former Uber and Amazon employees with a variety of specialist knowledge in the areas of engineering, crypto, fintech and consumer goods", according to the co-founders of exponential wrote in a blog post.

centrifuge -a protocol that enables small companies to access defi liquidity by putting real assets-now put on a $ 4 million strategic round . There was a participation of Coinbase Ventures, L1 Digital and Scytale.

The investment company Blocktower has previously closed a strategic partnership of $ 3 million with Centrifuge and since then financed real assets worth over $ 182 million with defi liquidity.

"We are building the credit market of the future and at the same time we have to build the financial ecosystem for institutions to carry out on-chain transactions," said Lucas Vogelsang, Chief Executive from Centrifuge.

"Partners such as Coinbase and Blocktower are essential for the development of critical parts of this infrastructure, since Centrifuge becomes the platform of choice for real assets and chain -assured loans," added Vogelsang.

Companies of the Web3 Communication Protocol WalletConnect also secured $ 12.5 million in a ecosystem round with the participation of companies such as Shopify, Coinbase Ventures, Circle Ventures, Polygon and Uniswap Labs Ventures.

WalletConnect has planned the financing for the further development of its encrypted communication technology. So far, its product has been integrated into more than 210 wallets and 450 apps and services, including Metamask, Uniswap and OpenSea.

another wallet, bravos also received funding this week.

The cryptoasset management solution that offers smart-contract-based wallets, closed a 10 million dollar finance round led by Pantrea Capital.

Braavos plans to use the latest fundraising campaign to bring a number of products onto the market-including a "forgotten password" mechanism, multi-factor authentication and integrated defi functions for one-click yields in the wallet.

"Our mission is to eliminate these high frictional liters and to offer users the smooth experience they deserve, while the central crypto values ​​of decentralization and self -storage are preserved," said Motty Lavie, founder and CEO of Braavos.

Further remarkable financing rounds this week are:

  • Portuguese startup Realfevr closed u 10 million euros Series A, under the direction of the global sports investor Advantage to build a web3 gaming financial sports ecosystem.
  • In Dubai based trace meta verse secured $ 3.5 million in a seed round to create a geo-location-based meta verse.
  • Australian startup flowing money secured $ 1.3 million $ from BISTCALE in its seed round

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The contribution Funding Roundup: Defi Developers have the attention of venture capitalists is not a financial advice.