Tech Company Financing Transactions
Cicada Funding Round
Cicada, based in Boston, secured $9.7 million in investment from Choppa Capital, Bitscale Capital and Bodhi Ventures.
Transaction Overview
Company Name
Announced On
10/4/2023
Transaction Type
Venture Equity
Amount
$9,700,000
Round
Undisclosed
Investors
Proceeds Purpose
The company intends to use the funds to seed multiple new non-custodial lending pools and fund research and development on new blockchain-enabled lending use cases.
Company Information
Company Status
Private & Independent
Industry
AdTech
Mailing Address
6 Liberty Square PMB 93073
Boston, MA 02109
USA
Boston, MA 02109
USA
Phone
Undisclosed
Website
Email Address
Overview
Cicada is an on-chain credit risk management company founded by a seasoned team of former buy- and sell-side credit professionals. Joining 35+ years of diversified experience in traditional lending markets, Cicada's co-founders moved into crypto full time after realizing the improvements to both borrower and lender experiences that could result from leveraging a transparent public blockchains.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Sefton Kincaid
Co-Founder
Christine Cai
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Our team works diligently to document 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.
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