Tech Company Financing Transactions
Friktion Labs Funding Round
Friktion Labs, based in Zug, received $5.5 million in investment from Castle Island Ventures, Defiance Ventures and Delphi Ventures.
Transaction Overview
Company Name
Announced On
1/26/2022
Transaction Type
Venture Equity
Amount
$5,500,000
Round
Undisclosed
Investors
Proceeds Purpose
The company intends to use the funds to build Circuits, a novel liquidity and portfolio management system built to drive long-term capital inflows and return generation for DAOs.
Company Information
Company Status
Private & Independent
Industry
Blockchain
Mailing Address
Undisclosed
Zug, 6300
Switzerland
Zug, 6300
Switzerland
Phone
Undisclosed
Website
Email Address
Not Recorded
Overview
Developer of a decentralized finance (DeFi) portfolio management platform designed for sustainable and smart investing. The company offers an automated portfolio manager (APM) to generate profits over the market cycles where investors can simply enter their existing portfolio information, including spot trading, perpetuals, liquidity.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Uddhav Marwaha
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