September 10, 2024
Fountain has secured $3.5 million in seed funding to develop a new Web3 operating system aimed at boosting institutional adoption by offering tools for secure crypto asset management and automated DeFi workflows. Currently in private beta, Fountain has already attracted some of the largest market makers and hedge funds.
Project | Latest Raise | Latest Raise Date | Stage | Category |
|---|---|---|---|---|
Fountain | $3.5M | September 10, 2024 | Seed Round | Web3 |
This achievement comes after Fountain graduated from Alliance, a leading crypto incubator, and received investments from Foundation Capital, Caladan, Primal Capital, Druid Ventures, United Overseas Bank (UOB), NGC Ventures, Marin Ventures, Blockchain Founders Fund, and notable angel investors like Rene Reinsberg, Co-Founder and President of Celo, and Nathan McCauley, Co-Founder and CEO of Anchorage Digital.
Founded in 2022, Fountain’s leadership team has over 20 years of combined experience in DeFi and AI. CEO and Founder Morgan Lai, who is also the General Partner of Formulate Ventures and a former Partner at Foundation Capital, has been investing in the low-code/no-code space since 2018, with multiple portfolio companies under Formulate Ventures.
About Fountain
Fountain is developing a Web3 operating system designed to help institutions manage crypto assets securely and automate DeFi workflows. Currently in private beta, it has already attracted some of the largest market makers and hedge funds. Fountain recently raised $3.5 million in seed funding to support its mission.
Website: https://www.joinfountain.xyz/
About Investor
Foundation Capital, Caladan, Primal Capital, Druid Ventures, United Overseas Bank (UOB), NGC Ventures, Marin Ventures, Blockchain Founders Fund, and notable angel investors like Rene Reinsberg, Co-Founder and President of Celo, and Nathan McCauley, Co-Founder and CEO of Anchorage Digital.
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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