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Term Labs - Seed
Overview
Funding Date
February 28, 2023
Financing amount
$2.5M
Valuation
--
Catagory
Subcategory
About Term Labs - Seed
Term Labs, Inc., today announced it has raised a $2.5 million seed round led by Electric Capital with participation from Coinbase Ventures, Circle Ventures, Robot Ventures, MEXC Ventures, and with angel investment from DeFi founders from Aura, Balancer, Hashlow and Llama.
The funds raised will be used to develop Term Finance (termfinance.io), a decentralized lending protocol that utilizes a unique auction model to support scalable fixed-rate/fixed-term lending, a first in DeFi. Term Finance will bring transparent, low-cost, and crypto-native solutions for borrowers and lenders at an institutional scale when it launches on Ethereum.
Investors
| Investors | Type | Location | Year Founded | #Portfolio Companies | Email Address | Socials |
|---|---|---|---|---|---|---|
| Fund | United States of America | 2018 | 70 | -- | ||
| Fund | United States of America | 2018 | 285 | -- | ||
| Corporate | United States of America | 2013 | 78 | info@circle.com | ||
| Fund | United States of America | 2019 | 84 | sayhello@robvc.com | ||
| Fund | Argentina | 2018 | 66 | investment@mexc.com |
Founders & Team
Dion Chu
Company Profile / Project Introduction
Term Labs is a blockchain research and development company founded by a team with deep traditional finance, big tech, and decentralized finance experience. Term Labs is dedicated to the development of robust, transparent, and scalable fixed-rate lending on blockchains.