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NearPad: Closes $2.5M Seed Funding | Fintech InShorts: Latest fintech news, analysis by experts

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NearPad: Closes $2.5M Seed Funding

By Steve Sam

August 7, 2021

NearPad Closes $2.5M Seed Funding

NearPad, a San Francisco, CA-based DeFi startup, closed its $2.5m seed funding round
Backers included NGC, NEAR Foundation, OWC, Ellipti, LD Capital, Flow Ventures, SuperNova Fund, Genblock Capital, Arkn and several other parties
The company intends to use the funds for the development of its DAO-led DeFi hub on Aurora
The raised fund will be used to build out the features on its roadmap, expand the development team to ship faster and optimise products better
The company is a launchpad, DEX Aggregator, and Yield Aggregator for communities and developers to access open finance tools for crowdfunding, asset management, and yield optimisation
The platform will also be the first DAO-led protocol on Aurora by giving its community complete control over how treasury and public funds are utilised for the ecosystem

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