January 20, 2025
Grix, a decentralized finance (DeFi) project combining artificial intelligence and DeFi derivatives, has successfully closed its $1.1 million seed funding round. The round was led by Collider Labs and saw participation from notable investors, including Tal Cohen (Kraken US), Guillaume Lambert (Panoptic), Chen Magen (COW Protocol), analytico.eth, Cluster DAO, and eight additional angel investors. The announcement coincides with the upcoming token generation event (TGE) for its $GRIX token, marking a significant milestone for the project.
The funding will support Grix's efforts to bridge AI and DeFi, a sector it terms "DeFAI," by leveraging artificial intelligence to enhance DeFi derivatives products. Positioned at the forefront of this emerging field, Grix aims to create innovative and accessible financial solutions that combine the computational power of AI with decentralized infrastructure. With this capital, Grix plans to expand its platform, enhance product development, and solidify its presence within the DeFi ecosystem.
About Grix
Grix is a decentralized finance platform dedicated to integrating artificial intelligence with DeFi derivatives. Its goal is to build efficient and scalable financial tools powered by AI, enabling broader access to the DeFi market. The $GRIX token is integral to its ecosystem, offering governance and participation opportunities for its users.
Website: https://www.grix.finance/
X: @grixFinance
About Investor
Collider Labs
Collider Labs is a venture capital firm focusing on blockchain and Web3 investments. Founded to support early-stage startups, Collider Labs invests in projects in decentralized finance, NFTs, and AI-driven technologies.
Location: Tel Aviv, Israel
Website: https://www.collider.vc/
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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