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HomeFinTechNearPad: Closes $2.5M Seed Funding

NearPad: Closes $2.5M Seed Funding

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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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