2021-5-19 21:34 |
DeFi dashboard, Zapper has raised $15 million in a Series A round led by Framework Ventures along with entrepreneur Mark Cuban and actor Ashton Kutcher’s Sound Ventures.
Zapper currently supports 54 DeFi protocols and boasts 150,000 monthly active users, with the total transaction volume recently surpassing $3 billion.
The popular DeFi asset management tool allows users to view their balance, make a swap, stake, and yield from across multiple chains, and all of it in one place.
With this fresh capital, the startup aims to reduce the friction and provide a one-stop solution for the fragmented cryptocurrency sector.
“Zapper is one of the fastest-growing applications of any kind in crypto. Excited to join the board to help usher in a new era of user-friendly crypto experiences,” said Vance Spencer, co-founder of Framework Ventures.
In November, the project extended its seed round to gain backing from Delphi Digital and Coinbase. Framework Ventures and Libertus Capital led the original $1.5 million seed round in August 2020.
Other investors included Michael Dunworth, The LAO, CoinFund, Synthetix founder Kain WarwickNascent, ParaFi Capital, Scalar Capital, Distributed Global, Maven 11, DeFiance Capital, Spartan Group, Long Hash, Sino Global, Cooley LLP, and Aave co-founder and CEO Stani Kulechov.
An inclusive financial systemFramework Venture, the largest venture capital fund investing in decentralized finance that invested in Zapper, itself raised $100 million for its second fund round from big US institutional investors.
US venture capital and growth equity investment firm Accolade Partners and Hall Capital, one of the largest US registered investment advisors with about $42 billion in AUM, were the anchor investors. Some of the unnamed major US university endowments were also investors in the fund.
The Fund also raised $15 million in July 2019 for its first fund from one anchor investor. The freshly raised capital will help Framework support DeFi applications.
“Crypto is a technological wave that will touch almost every aspect of people's lives in the coming decades. Blessed to be chasing the dream of a more inclusive and innovative financial system with my best friend, an incredible team, and incredible backers.”
Vance Spencer Co-founder Framework Ventures The post DeFi Dashboard Zapper Raises M from Framework, Which Itself Raised 0M From Big US Institutional Investors first appeared on BitcoinExchangeGuide.
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