February 28, 2025
Lantern Finance has secured over $1 million in an oversubscribed pre-seed funding round, with participation from Orange DAO, Supermoon Ventures, Andover Ventures, and other institutional and angel investors. The funding will be directed toward the development of the company’s lending platform, which allows U.S. crypto holders to access liquidity without selling their assets. By offering crypto-backed loans with direct bank transfers, Lantern Finance seeks to address a gap in the market for borrowers looking to leverage their digital holdings without triggering taxable events.
The company’s model integrates cryptocurrency with traditional banking services while maintaining regulatory compliance. Borrowers can use digital assets as collateral, while funds are deposited directly into their bank accounts. Asset security is handled by BitGo, a digital asset custodian that provides insured storage. The funding will also support the expansion of Lantern Finance’s product offerings and infrastructure, as well as improvements in security and customer service.
With its leadership team drawing from backgrounds in finance, technology, and digital assets, Lantern Finance has been expanding its services over the past year. The company plans to scale its lending platform and explore additional capabilities that could strengthen its position in the market.
About Lantern Finance
Lantern Finance is a financial technology firm specializing in crypto-backed lending. The platform enables users to borrow against their cryptocurrency holdings while maintaining ownership, facilitating liquidity without requiring asset sales. By integrating blockchain technology with banking infrastructure, Lantern Finance provides lending solutions designed to align with regulatory standards.
Website: https://lantern.finance/ X: @LanternFi
About Investors
Orange DAO
Orange DAO is a venture organization founded by Y Combinator alumni that supports Web3 startups.
Location: San Francisco, CA Website: https://www.orangedao.xyz/
Supermoon Ventures
Supermoon Ventures invests in blockchain and decentralized finance projects, focusing on financial infrastructure.
Location: New York City Website: https://supermoongroup.com/
Andover Ventures
Andover Ventures is a private investment firm backing fintech and digital asset companies.
Location: Greater Boston Area, East Coast, New England Website:https://www.andovervc.com/
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