September 12, 2024
Infinit, a DeFi abstraction protocol, has secured $6 million in funding from investors including Electric Capital, Mirana Ventures, Hashed, and Arthur Hayes’ family office, Maelstrom. Other contributors to the funding round are Lightspeed Faction, Nomad Capital, Robot Ventures, Tangent, and Presto Labs.
Project | Latest Raise | Latest Raise Date | Lead Investor | Category |
|---|---|---|---|---|
Infinit | $6M | September 12, 2024 | Electric Capital, Mirana Ventures, Hashe | DeFi |
The project intends to use the funds to improve its infrastructure and make it easier for DeFi protocol developers to build on their platform. Infinit, which supports end-to-end DeFi infrastructure, currently powers 12 applications across three blockchains, including protocols like INIT Capital, Ethena, and ZeroLend.
By simplifying technical complexities, Infinit aims to streamline the development process. The project provides tools for creating DeFi applications such as money markets, decentralized exchanges (DEXs), perpetual platforms, and yield protocols. The team envisions a future where coding is no longer necessary, allowing anyone to build and launch applications in minutes using the INFINIT frontend.
About Infinit
Infinit is a platform that simplifies the creation of decentralized finance (DeFi) applications. It provides tools and infrastructure to help developers build DeFi protocols like money markets, decentralized exchanges (DEXs), and yield platforms. By abstracting the technical complexities, Infinit aims to make it easier for anyone to develop and launch DeFi applications quickly, even without coding skills.
Website: https://infinit.tech/
About Investor
Electric Capital, Mirana Ventures, Hashed, and Arthur Hayes’ family office, Maelstrom. Other contributors to the funding round are Lightspeed Faction, Nomad Capital, Robot Ventures, Tangent, and Presto Labs.
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