According to The Block, investment firm Dragonfly Capital led Debt DAO’s $3.5 million startup round.
Financing was also provided by GSR, Numeus and Fasanara Capital. Six angel investors participated, including former Coinbase CTO Balaji Srinivasan and Chainlink Labs’ David Post.
Debt DAO positions itself as a decentralized marketplace for the DeFi industry that brings together all elements of the debt finance ecosystem.
Previously, Dragonfly Capital launched a new $650 million fund focused on Web3. The structure was supported by Tiger Global and KKR. According to some reports, several Ivy League university foundations were also involved.
Recall that the investment company also supported the Hashflow decentralized trading platform in a $25 million round. The project has reached an estimated $400 million.
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Source: Fork Log
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