August 17, 2024
Gummi, a deep liquidity DeFi Money Market, raised $2M seed round led by Arrington Capital with participation from Citizen Crypto, Paramount Capital, Animoca Ventures, Cypher Capital, JST Capital, Rubic Ventures, Nonce Classic and Baboon VC.
Project | Latest Raise | Latest Raise Date | Stage | Total Raise | Lead Investor | Category |
|---|---|---|---|---|---|---|
Gummi | $2m | Aug 17, 2024 | Seed | $2m | Arrington Capital | DeFI |
About Investors
Investor: Arrington Capital
Arrington Capital is a venture capital firm based in Miami, Florida, with a strong focus on digital assets and Web3 technologies. Founded in 2017 by Michael Arrington, who also established the well-known venture capital firm CrunchFund, Arrington Capital has emerged as a key player in the blockchain investment landscape.
The firm is known for its thesis-driven approach, backing early-stage ventures with high growth potential within the crypto ecosystem. Their portfolio boasts investments in a wide range of companies, including blockchain infrastructure providers, decentralized finance (DeFi) protocols, and non-fungible token (NFT) marketplaces.
Website: https://www.arringtoncapital.com/
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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