- DeFi aggregator Zerion has raised $8.2 million in a Series A funding round.
- The investment was led by Mosaic Ventures, with participation from Digital Currency Group, Blockchain.com Ventures, Lightspeed, and Placeholder.
- According to Zerion, the team will allocate the fresh capital towards hiring and accelerating the product roadmap.
Zerion, a popular Ethereum-based DeFi aggregator, has raised $8.2 million in a Series A funding round led by Mosaic Ventures.
Zerion Land $8.2 Million Investment
Zerion, an Ethereum-based investment aggregator and portfolio manager, has raised $8.2 million in a Series A funding round.
The investment round was led by London-based venture capital firm Mosaic Ventures, with participation from Digital Currency Group, Blockchain.com Ventures, Lightspeed, Placeholder, and others.
The round also saw participation from several prominent DeFi founders and investors, including Fernando Martinelli from Balancer, Stani Kulechov from Aave, Joey Krug from Pantera Capital, and Julien Bouteloup from Stake Capital and Curve.
According to Zerion, the team will allocate the fresh capital towards hiring, adding new features, and accelerating the product roadmap. The platform is currently available as a web browser and on mobile and has 200,000 users globally.
Zerion has served more than $600 million in transactional volume this year, according to its own estimates.
Toby Coppel, co-founder and partner at Mosaic Ventures and a future member of Zerion’s Board of Directors, said of the raise:
“We believe that Zerion will emerge as the leading interface for the financial products of the future—DeFi is creating an entirely new alternative financial ecosystem and Zerion enables millions of users to easily and transparently interact with it.”
Founded in 2016, Zerion functions as an investment interface and aggregator. The interface allows trading, borrowing and lending, adding liquidity to automated market makers, and various other activities. Users can connect multiple Ethereum wallets and access DeFi platforms like Uniswap, 1inch, Sushi, 0x, Balancer, and Compound through its interface.
When an Ethereum wallet connects to Zerion, the app tracks all of the activity and presents the transaction history in a simple visual format.
As DeFi has become more complex over the last year, with activities like yield farming gaining traction, the demand for aggregators that simplify the user experience has grown. Zerion’s closest competitor, Zapper, raised $15 million in May to capitalize on the growing interest in the space.
The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.
You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.
See full terms and conditions.
Source: Read Full Article