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Cedro Finance - Pre-Seed
Overview
Funding Date
February 7, 2023
Financing amount
$1.5M
Valuation
--
Catagory
Subcategory
About Cedro Finance - Pre-Seed
Cedro Finance is delighted to announce that they have raised $1.5 million in a pre-seed fundraising round led by Shima Capital. Cedro is an Omnichain Liquidity Platform that lets users lend and borrow across chains seamlessly. Infinity Ventures Crypto (IVC), Mask Network, and Sam Thapaliya also participated in the round. The funds will be used to grow the team and scale development of Cedro's platform.
Investors
| Investors | Type | Location | Year Founded | #Portfolio Companies | Email Address | Socials |
|---|---|---|---|---|---|---|
| Fund | United States of America | -- | 173 | -- | ||
| Fund | Taiwan (Province of China) | 2021 | 84 | -- | ||
| Corporate | -- | 2019 | 50 | -- | ||
| Angel Investor | United States of America | -- | 1 | -- |
Founders & Team
Rachin Kalakheti
Company Profile / Project Introduction
Cedro Finance is a cross-chain Liquidity protocol that connects fragmented liquidity across chains and drives higher capital efficiency. Cedro's vision is to provide a seamless user experience for this cross-chain process without compromising on security. For the same action that took ~50 clicks, a user can now do it in ~5 clicks. Cedro is starting out as an omnichain lending and borrowing protocol, but eventually aim to become an omnichain financial hub, and currently have new products in development.