Tech Company Financing Transactions
Term Labs Funding Round
On 2/28/2023, Term Labs raised $2.5 million in Seed investment from Electric Capital, Circle Ventures and Coinbase Ventures.
Transaction Overview
Company Name
Announced On
2/28/2023
Transaction Type
Venture Equity
Amount
$2,500,000
Round
Seed
Investors
Proceeds Purpose
The company intends to use the funds to develop Term Finance (termfinance.io), a decentralized lending protocol that utilizes an auction model to support scalable fixed-rate/fixed-term lending. Term Finance aims to bring transparent, low-cost, and crypto-native solutions for borrowers and lenders at an institutional scale when it launches on Ethereum.
Company Information
Company Status
Private & Independent
Industry
Blockchain
Mailing Address
Undisclosed
San Diego, CA Undisclosed
USA
San Diego, CA Undisclosed
USA
Phone
Undisclosed
Website
Email Address
Overview
Digital Asset Lending for Institutions. Transparent, Low Cost.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Dion Chu
Browse more venture capital transactions:
Prev: 2/28/2023: OriCell Therapeutics venture capital transaction
Next: 2/28/2023: BetterNight venture capital transaction
Share this article
Where The Data Comes From
We do our best to report on every notable VC transaction. All VC database entries reported here are sourced from news reports and company announcements. The data is sourced from VentureDeal.com, an affiliated venture.
Additional Resources for Entrepreneurs