Tech Company Financing Transactions
Hedge Labs Funding Round
Hedge Labs secured a $3.7 million Seed financing round on 4/19/2022. Investors included Race Capital, DCM Ventures and private investors.
Transaction Overview
Company Name
Announced On
4/19/2022
Transaction Type
Venture Equity
Amount
$3,700,000
Round
Seed
Investors
Proceeds Purpose
The seed funding will go toward hiring costs for new staff and finalizing its DeFi product for a Solana mainnet launch sometime in the next few months.
Company Information
Company Status
Private & Independent
Industry
Blockchain
Mailing Address
Undisclosed
Undisclosed, Undisclosed
Undisclosed
Undisclosed, Undisclosed
Undisclosed
Phone
Undisclosed
Website
Email Address
Not Recorded
Overview
Hedge is a DeFi platform that enables instant, interest-free loans in Hedge's stablecoin, USH, on Solana. The site will allow users to borrow up to 90% loan-to-value ratio, meaning borrowers only need to deposit 10% of the total value desired in order to receive a loan. The platform also has staking pools and discounted swap pools. Hedge's beta version is currently live on a devnet.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Sebastian Grubb
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We do our best to record every notable VC transaction. All VC database entries reported here are sourced from news reports and company announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
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