VANCOUVER, BC, March 9, 2021 /CNW/ – Vancouver-based startup DeFi Ventures Inc. (“DeFi Ventures” or the “Firm”) has raised $2M CAD in its seed financing spherical, which closed on March 8. The spherical included investments by a number of outstanding Canadian angels and VCs, and strategic investments by a US-based know-how hedge fund, BIGG Digital and First Block Capital.
DeFi Ventures is a know-how firm looking for to streamline entry to the property and know-how that energy the brand new period of decentralized finance. The Firm is making ready to launch DFX (www.dfx.fi), its proprietary dashboard that integrates with the whole DeFi ecosystem, within the coming months. DeFi Ventures additionally holds and stakes digital property, offering buyers with a easy option to acquire publicity to DeFi property.
DeFi Ventures was co-founded by Ben Samaroo, Cong Ly and Kartik Bajaj, whose earlier cryptocurrency startup First Coin Capital bought to Galaxy Digital in 2018 in reference to its public itemizing on the TSX-V, and Dean Sutton who’s a Co-Founding father of LQwD Monetary Corp. and was a founding advisor to Argo Blockchain which is publicly traded on the London Inventory Change.
“Decentralized finance has unbelievable potential however continues to be a fancy and fragmented area. We goal to totally leverage our group’s excellent engineering expertise and experience in fintech to create higher entry to this nascent ecosystem” says Samaroo. DeFi Ventures is presently composed of six group members and is actively hiring new expertise.
In reference to the strategic funding by BIGG Digital, BIGG Digital’s CEO Mark Binns will function an impartial director of the Firm.
About DeFi Ventures Inc.
DeFi Ventures is on a mission to simplify and streamline entry to the property and know-how that energy the brand new period of decentralized finance. The creators of DFX (www.dfx.fi), a proprietary dashboard which integrates with the whole DeFi ecosystem, DeFi Ventures is technology-first group that has an information pushed strategy in creating and capturing worth within the DeFi ecosystem – via each property and know-how.
Chief Govt Officer
Chairman and Chief Technique Officer
SOURCE DeFi Ventures