May 23, 2024
The Bitcoin infrastructure platform RunesFi has recently secured $400,000 in funding. The investment round included participation from Cogitent Ventures, Oddiyana Ventures, Lavender Capital, WeeHODL, Zephyrus Capital, and Samurai Starter.
Project | Latest Raise | Latest Raise Date | Stage | Total Raise | Lead Investor | Category |
|---|---|---|---|---|---|---|
RunesFi | $400k | May 23, 2024 | Seed | $400k | Cogitent Ventures | Bitcoin |
RunesFi primarily relies on the Runes protocol to support various infrastructure products within the Bitcoin DeFi ecosystem. Its main goal is to enhance the functionality of this ecosystem by leveraging the capabilities of the Runes protocol.
This successful funding round represents a significant milestone for RunesFi, providing the necessary financial support to further develop and expand its platform. The investment from these participating firms reflects their confidence in RunesFi’s potential contribution to the Bitcoin DeFi ecosystem. The funds will be utilized to improve the platform’s infrastructure, enhance its services, and expand its presence within the Bitcoin DeFi ecosystem.
About RunesFi
RunesFi is a platform dedicated to enhancing the Bitcoin DeFi ecosystem by leveraging the Runes protocol. It offers several infrastructure products, including the first DEX on Runes, an engraver for creating and dispatching new runes, an explorer for blockchain data, and a launchpad for projects building on Runes or other Layer 2 solutions.
Website: https://runesfi.io/
X Followers today: 32,429
About Investor
Investor: Cogitent Ventures
Description: Cogitent Ventures is a venture capital firm that focuses on early-stage projects in the crypto field. They support layer 1 blockchain projects, including DeFi (Decentralized Finance), NFTs (Non-Fungible Tokens), the metaverse, GameFi (gaming and DeFi intersection), and cross-chain protocols. Their team includes alumni from the UCLA Anderson School of Management, and they collaborate with both bluechip and future bluechip projects. Cogitent Ventures’ investments empower entrepreneurs, particularly at the pre-seed and seed levels, and they are aligned with a community-first DeFi NFT marketplace on the NEAR Protocol. In summary, Cogitent Ventures contributes to the growth and evolution of the crypto ecosystem.
Location: United Kingdom.
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