July 18, 2024
Liquidium, a platform that specializes in lending, has successfully secured $2.75 million in a seed funding round. This funding is aimed at positioning Liquidium as a premier DeFi hub within the Bitcoin ecosystem.
Project | Latest Raise | Latest Raise Date | Stage | Category |
|---|---|---|---|---|
Liquidium | $2.75M | July 18, 2024 | Seed Round | Lending |
The funding round saw participation from a variety of investors, including Wise 3 Ventures, Portal Ventures, Asymmetric Capital, AGE Fund, NGC Ventures, CMS Holdings, Newman Capital, VidenVC, and DeGods. Additionally, several angel investors such as Dingaling, Frank DeGods, Beanie, Cirrus, ThreadGuy, FAR (Co-Founder of Taproot Wizards), Anthony Newman, Dr. Jingle, NFTboi, CryptoSlate CEO Nate Whitehill, and Kraken’s Dan Held also contributed to the round.
Robin Obermaier, the CEO of Liquidium, expressed that the funds raised would aid the platform in realizing his vision of offering an experience similar to Aave, but on Bitcoin. He envisions Liquidium as a DeFi lending hub on Bitcoin with comprehensive liquidity pools that offer experiences akin to Aave, but on native Bitcoin.
He further stated that this funding round brings them a step closer to creating a platform where users can effortlessly supply liquidity to earn passive income or borrow assets in a secure, overcollateralized manner. He emphasized that they have the team, the investors, and the determination to execute this vision.
As per data from DeFillama, AAVE is the largest Ethereum lending protocol, managing assets worth over $13 billion. The seed funding is intended to bolster Liquidium's growth as a leading Bitcoin lending protocol. This aligns with the recent introduction of its Rune borrowing and lending services, demonstrating its commitment to ongoing enhancement and industry leadership.
About Liquidium
Liquidium is a leading Bitcoin lending protocol that serves as an omnichain data network, consolidating all blockchain data into a single platform. This makes it easier for developers to access and use the data for building and maintaining applications. The platform supports over 15,000 developers and 8,000 projects and manages over 500 billion data calls. Currently, the network is available for projects with a whitelist, while the decentralized version is in the testnet phase.
Liquidium is a crypto investment platform that caters to both individual and institutional investors. It offers standalone indices and model portfolios that are specific to the size and sector of the cryptocurrency, which are allocated to several underlying indices. The platform has built its own proprietary separately managed account (SMA) technology stack and offers its own investment strategies. The Boston-based firm is a registered investment advisor with the U.S. Securities and Exchange Commission
Website: https://liquidium.fi/
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About Investor
The funding round saw participation from a variety of investors, including Wise 3 Ventures, Portal Ventures, Asymmetric Capital, AGE Fund, NGC Ventures, CMS Holdings, Newman Capital, VidenVC, and DeGods. Additionally, several angel investors such as Dingaling, Frank DeGods, Beanie, Cirrus, ThreadGuy, FAR (Co-Founder of Taproot Wizards), Anthony Newman, Dr. Jingle, NFTboi, CryptoSlate CEO Nate Whitehill, and Kraken’s Dan Held also contributed to the round.
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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