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DRiP raised $8M in seed funding led by Coinbase Ventures to develop its decentralized finance platform on Solana.
PRIVATESep 09, 2024•over 1 year ago
Amount Raised
$8 Million
Round Type
seed
Investors
De Fi AllianceSolana CapitalAlameda ResearchCoinbase Ventures
Description
DRiP, a decentralized finance platform based on Solana, has successfully raised $8 million in seed funding. The round was led by Coinbase Ventures, with notable participation from Alameda Research, Solana Capital, and DeFi Alliance.
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
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