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Level - Undisclosed
Overview
Funding Date
March 18, 2025
Financing amount
$2.6M
Valuation
--
Category
Subcategory
About Level - Undisclosed
ChainCatcher news, according to CoinDesk, the company behind the stablecoin protocol Level, Peregrine Exploration, announced the completion of a new funding round of $2.6 million, led by Dragonfly Capital, with participation from Polychain, Flowdesk, Echo, Native Crypto, and Feisty Collective by Path, as well as angel investors Sam Kazemian from Frax and Albert Chon from Injective. This latest funding round follows their previous raise of $3.4 million in August, bringing their total funding to $6 million to date.
Investors
| Investors | Type | Location | Year Founded | #Portfolio Companies | Email Address | Socials |
|---|---|---|---|---|---|---|
| Fund | United States of America | 2018 | 146 | [email protected] | ||
| Fund | United States of America | 2016 | 178 | [email protected] | ||
| Fund | United States of America | 2019 | 134 | [email protected] | ||
| DAO | -- | 2018 | 23 | -- | ||
| Uncategorized | Unknown | -- | 2 | -- | ||
| Lab | United States of America | 2020 | 4 | -- | ||
| Angel Investor | United States of America | -- | 4 | -- | ||
| Angel Investor | United States of America | -- | 127 | -- | ||
| Angel Investor | Taiwan (Province of China) | 2017 | 13 | -- | ||
| Angel Investor | -- | -- | 6 | -- |
Company Profile / Project Introduction
Level is a stablecoin protocol powered by restaked dollar tokens like USDT and USDC. Level USD (lvlUSD) is a liquid restaked dollar: a yield-bearing, cross-chain dollar token that's backed 1:1 by restaked stablecoins.