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OpenTrade - Seed
Overview
Funding Date
April 9, 2024
Financing amount
$3.2M
Valuation
--
Subcategory
About OpenTrade - Seed
OpenTrade, an on-chain institutional lending and yield products platform, raised $3.2 million in seed funding. The a16z Crypto Startup Accelerator (CSX) participated in the round. Other backers include CMCC Global, Draper Dragon, Ryze Labs and Plassa Capital.
Investors
| Investors | Type | Location | Year Founded | #Portfolio Companies | Email Address | Socials |
|---|---|---|---|---|---|---|
| Fund | United States of America | 2008 | 3 | -- | ||
| Fund | Hong Kong | 2016 | 18 | -- | ||
| Fund | China | 2006 | 32 | info@draperdragon.com | ||
| Lab | Unknown | -- | 2 | -- | ||
| Fund | United States of America | 2021 | 5 | -- |
Founders & Team
Dave Sutter
Tom Niermann
Company Profile / Project Introduction
OpenTrade provides Web3 treasurers and institutional investors access to on-chain structured financial products backed by investment grade financial assets, providing predictable returns that are uncorrelated to crypto. OpenTrade embeds USDC payments and financing directly in B2B networks and systems to connect DeFi liquidity to global supply chains - providing buyers and suppliers with a much faster, cheaper, and more efficient form of payments and working capital finance than exists today with legacy solutions.