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Nook Savings App raised $2.5 million in a Seed round led by Coinbase Ventures, Defy Partners Management, and UDHC, aiming to enhance its crypto-native savings platform.

Jun 23, 20256 months ago

Amount Raised

$2.5 Million

Round Type

seed

AustinFintechFinanceArtificial IntelligenceSoftware

Investors

UdhcDefy Partners ManagementCoinbase Ventures

Description

Nook Savings App, designed by former Coinbase engineers, has successfully raised $2.5 million in a Seed funding round. The round was led by Coinbase Ventures, Defy Partners Management, and UDHC. With this funding, Nook aims to strengthen its crypto-native savings platform. This brings the total amount raised by Nook to $2.5 million.

Company Information

Company

Nook

Location

Austin, Texas, United States

About

Nook is a savings app designed to help you grow your money by tapping into secure, collateralized crypto lending protocols, allowing you to earn 10x the rate of your bank account.

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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