avatar

JellyFi Closes $4.4 Million Seed Funding Round Led by Lemniscap

TokenInsight news that DeFi lending platform JellyFi has announced the closing of a $4.4 million seed funding round led by Lemniscap with participation from ParaFi Capital, DeFiance Capital, Divergence Ventures, and a number of angel investors. The funds will reportedly be used for R&D and hiring key personnel to support the growth of JellyFi, which is expected to go live in February 2021. JellyFi is a line of credit marketplace agreement that focuses on non-fully secured lending, where borrowers and lenders are matched in an aggregated fashion based on the most competitive rates in the market.
Source

Fund Raising

Related News
Solana-based memecoin generator Pump.fun raising $1 billion via token sale: report Solana-based memecoin generator Pump.fun raising $1 billion via token sale: report
Cobie's ICO platform Sonar goes live with Plasma seeking $50 million at $500 million token valuation Cobie's ICO platform Sonar goes live with Plasma seeking $50 million at $500 million token valuation
Ethereum security platform Drosera raises $3.25 million in funding, brings total funding to $4.75 million Ethereum security platform Drosera raises $3.25 million in funding, brings total funding to $4.75 million
ZK-powered onchain credit analytics startup Accountable raises $2.3 million seed round ZK-powered onchain credit analytics startup Accountable raises $2.3 million seed round
Crypto-AI startup Fraction AI raises $6 million in pre-seed funding Crypto-AI startup Fraction AI raises $6 million in pre-seed funding
Latest News More More
4 Days Ago Morph CEO Cecilia Hsueh stepping down with ex-Binance exec to take over
4 Days Ago Robinhood completes $200 million acquisition of crypto exchange Bitstamp
May 27 Sui DEX Cetus says overlooked flaw in open-source library used by smart contract led to $223 million exploit
May 20 Crypto industry cheers progress in 'historic' stablecoin legislation as Senate advances GENIUS Act
May 19 Vitalik Buterin suggests implementing ‘partially stateless nodes’ to help scale Ethereum

About TokenInsight

Services

Products

Support

Google Play
Google Play
Google Play
2018 – 2023 © TokenInsight Ltd. All rights reserved
Disclaimer Terms of Service Privacy Policy
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open