Tech Company Financing Transactions
Archimedes Funding Round
Archimedes, based in Miami, scored $4.9 million from Hack VC, Cogitent Ventures and Haven Ventures.
Transaction Overview
Company Name
Announced On
2/1/2023
Transaction Type
Venture Equity
Amount
$4,900,000
Round
Seed
Investors
Proceeds Purpose
Archimedes is a one-of-a-kind lending and borrowing marketplace that utilizes NFTs and industry best practices, in an easy to use, interoperable, and efficient DeFi experience. Leverage takers that use Archimedes are sent an NFT which represents a yield-generating stablecoin position that has been leveraged at up to 10 times the principal collateral amount. This is not your average jpeg.
Company Information
Company Status
Private & Independent
Industry
Blockchain
Mailing Address
Undisclosed
Miami, FL Undisclosed
USA
Miami, FL Undisclosed
USA
Phone
Undisclosed
Website
Email Address
Overview
We were early to DeFi and had growing concerns that the ecosystem is not sustainable; the lending/borrowing markets offer low yields, coming almost entirely from bonus tokens. Large amounts of liquidity are sitting idle. We are Archimedes, the father of leverage: we leverage that idle liquidity, generating yield from real economic activity. Our mathematical g(r)eekness generates high yield opportunities while reducing some of the biggest risks in the space.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Oz Rabinovitch
Chief Marketing Officer
Rafa Aguiar
Chief Technical Officer
Tomer Mayara
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Where The Data Comes From
We do our best to document all VC transactions involving tech companies. VC investment data records reported here are derived from a variety of public sources. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
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