Ondo Finance
Seed Round 2021
Past
17 Aug, 21 - 17 Aug, 21
Ondo Finance is a decentralized finance protocol designed to balance risk and reward by providing institutional-grade financial products and yield structures. The platform enables users to originate crypto-backed loans and participate in fixed or variable yield vaults.
On August 17, 2021, Ondo Finance announced it had secured a $4 million equity seed investment led by Pantera Capital. The funding round saw extensive participation from prominent venture funds including Genesis, Digital Currency Group, and CoinFund, alongside notable angel investors such as Stani Kulechov and Diogo Monica. The capital will be utilized to accelerate early product development, specifically focusing on expanding its fixed and variable yield Vaults on the Ethereum network.
Ondo Finance - Seed Round 2021 Overview
1-year lock plus 48-month release
Ondo Finance - Seed Round 2021 Round Result
Ondo Finance - Seed Round 2021
Funds and Backers (3/10)
Submit | Fund | Score | Type | Retail ROI | Numbers of investments |
|---|---|---|---|---|
| Very High | 4.79x | 27 | ||
| N/A | 87.48x | 22 | ||
| High | 56.38x | 21 |
