August 22, 2024
Credbull, which launched the “first licensed on-chain private credit fund” on the Polygon PoS blockchain in April, has announced a $5.2 million funding round. This round was led by GnosisVC and included strategic investments from Outlier Ventures, HODL Ventures, XBTO, LucidBlue Ventures, CryptoHedge, Marcello Mari (SingularityDAO), and others.
Project | Latest Raise | Latest Raise Date | Lead Investor | Category |
|---|---|---|---|---|
Credbull | $5.2M | August 22, 2024 | Gnosis VC | FinTech |
The team stated that Credbull’s goal is to democratize private credit real-world asset (RWA) investments by bridging traditional finance with Web3.
About Credbull
Credbull is a platform that provides private credit funds using blockchain technology. They offer high fixed yields and secure investments by connecting traditional finance with Web3. Recently, they raised $5.2 million to enhance their services and expand their market presence.
Website: https://credbull.io/
About Investor
Investor: Gnosis VC
Gnosis is a collective of projects focused on revolutionizing payments and financial infrastructure using blockchain technology. They aim to make decentralized financial tools accessible and usable for everyone. The Gnosis ecosystem includes Gnosis Chain, a secure and decentralized network, and various ventures like Gnosis Pay and Gnosis Wallet. Gnosis is governed by GnosisDAO, allowing community participation in decision-making.
Location: Gibraltar
Website: https://credbull.io/
A central focus of investor activity in the cryptocurrency space is the evaluation of new crypto projects to invest in, particularly those with huge potential. This blog provides insight into what new ventures are benefiting from venture capital support (VC funding in crypto). These new crypto projects, funded by professional investors, can dictate the next narrative in crypto and the next big crypto movers.
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