Tech Company Financing Transactions

Saddle Funding Round

Electric Capital, Polychain Capital and eGirl Capital participated in a $7.5 million funding round for Saddle. The round closed on 11/15/2021.

Transaction Overview

Company Name
Announced On
11/15/2021
Transaction Type
Venture Equity
Amount
$7,500,000
Round
Undisclosed
Investors

Electric Capital (Lead Investor)

Polychain Capital (Lead Investor) (Niraj Pant)

eGirl Capital

Nascent Ventures

Proceeds Purpose
This investment will enable Saddle to continue advancing its offerings that allow pegged value crypto assets to achieve efficiency, profitability, and growth. With this funding, we plan to expand our team, help bring low-slippage stablecoins to every chain in DeFi, position Saddle to better serve a multi-chain future, and invest in the Saddle community and creator metaverse.

Company Information

Company Status
Private & Independent
Industry
Blockchain
Mailing Address
Undisclosed
San Francisco, CA 94105
USA
Phone
Undisclosed
Email Address
Not Recorded
Overview
Saddle is a decentralized automated market maker (AMM) on the Ethereum blockchain, optimized for trading pegged value crypto assets with minimal slippage. Saddle enables cheap, efficient, swift, and low-slippage swaps for traders and high-yield pools for LPs. We believe in collaboration, in building Saddle as a DeFi lego block, in helping DeFi teams bring AMMs to any blockchain.
Profile
Saddle LinkedIn Company Profile
Social Media
Saddle Company Twitter Account
Company News
Saddle News
Facebook
Saddle on Facebook
YouTube
Saddle on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Sunil Srivatsa
  Sunil Srivatsa LinkedIn Profile  Sunil Srivatsa Twitter Account  Sunil Srivatsa News  Sunil Srivatsa on Facebook


 

 

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