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Fission Labs raised $1.6M in pre-seed funding led by SALT Fund and Kraynos Capital to expand its development efforts for a DeFi application.

Oct 11, 2024about 1 year ago

Amount Raised

$1.6 Million

Round Type

seed

New YorkBlockchainFinance

Investors

Anthony Scaramucci (Skybridge)Kraynos CapitalSalt Fund

Description

Fission Labs, based in East Hampton, N.Y., has successfully raised $1.6M in pre-seed funding. The round was led by SALT Fund and Kraynos Capital, with participation from Anthony Scaramucci. The funds will be utilized to enhance the company's development initiatives.

Company Information

Company

Fission Labs

Location

New York, New York, United States

About

Fission Labs is a developer of a DeFi application designed to bring venture capital on chain through innovative solutions like tokenization and decentralized exchanges. The platform enables investors to purchase and trade tokens associated with top-tier VC-funded companies, thus bridging the gap between crypto investors and traditional finance. Fission's unique approach opens new investment opportunities in private equity backed tokens. Led by CEO Jonathan Shaffer, the company aims to expand its development efforts following a successful funding round.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers