July 30, 2024
Liquorice, a DeFi protocol, has announced the successful completion of a pre-seed funding round amounting to $1.2 million, with Greenfield Capital leading the round. Other participants in the investment include L2 Iterative Ventures, Polymorphic Capital, Horadrim.Capital, HASH CIB, and the founder of 1inch. The funds raised will be channeled towards the development of Liquorice.
Project | Latest Raise | Latest Raise Date | Stage | Lead Investor | Category |
|---|---|---|---|---|---|
Liquorice | $1.2M | July 30, 2024 | Pre-Seed Round | Greenfield Capital | DeFi |
Liquorice is a DeFi protocol that facilitates auction-based price discovery and one-sided liquidity pools. The primary objective of Liquorice is to offer efficient inventory management tools for professional trading firms and to establish connections with key DeFi protocols like 1inch and Uniswap X for transaction settlements.
About Liquorice
Liquorice is a DeFi protocol that offers a comprehensive suite of services to facilitate liquidity in intent-based trading systems. It aims to solve the inventory problem in the DeFi space by offering per asset based lending pools used by Private Market Makers (PMMs). The platform integrates with core DeFi intent-based aggregators such as 1inch, Uniswap X, and CoW Swap, simplifying access to DeFi for PMMs. Liquorice also features an offchain engine that selects the best quote out of all supplied by connected market makers in response to each order
Website: https://www.liquorice.tech/
About Investor
Investor: Greenfield Capital
Greenfield Capital is a venture capital firm that was established in 2018. With its headquarters in Berlin, Germany, the firm has carved out a niche for itself in the investment landscape by focusing on the blockchain and cryptocurrency sectors. As a European crypto investment firm, Greenfield Capital is committed to supporting early developer teams over the long term. Their investment philosophy is centered around the belief in an open, decentralized, and more robust architecture for the web of the future. This forward-thinking approach positions them as key players in the evolution of the digital landscape.
Location: Berlin, Berlin
Website: https://greenfield.xyz/
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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