Scallop Protocol raised $3M in a funding round led by CMS Holdings and 6th Man Ventures to scale and integrate new features, including the launch of their native governance token, SCA.
Amount Raised
$3 Million
Round Type
Seed
SingaporeFinancial ServicesSoftwareInvestors
Description
Scallop Protocol, the leading lending and borrowing protocol on Sui Network, has raised a total of $3M through its Q1 2024 Strategic Investment Round. The round was co-led by CMS Holdings and 6th Man Ventures, with participation from Kucoin Labs, UOB Venture, and numerous other notable investors. With this funding, Scallop Protocol aims to scale, integrate new features, and launch their native governance token, SCA.
Quick answer
Scallop Protocol raised $3 Million in a Seed round, dated March 3, 2024. Investors: UOB Venture, Kucoin Labs, 6th Man Ventures and CMS Holdings. Scallop Protocol is based in Singapore.
- How much did Scallop Protocol raise?
- Scallop Protocol raised $3 Million in a Seed round on March 3, 2024.
- Who invested in Scallop Protocol?
- UOB Venture, Kucoin Labs, 6th Man Ventures and CMS Holdings are named as investors in this round.
- What does Scallop Protocol do?
- Scallop is the pioneering Next Generation Money Market for the Sui ecosystem and is also the first DeFi protocol to receive an official grant from the Sui Foundation.
- Where is Scallop Protocol based and how big is it?
- Scallop Protocol is based in Singapore.
Source: Fundz verified event record.
Who else raised in Financial Services and Software around the same time
Companies in the same sectors as Scallop Protocol that raised within 45 days of this round, from Fundz verified event records.
- Sumday raised $5.3M (Seed) on April 16, 2024.
- Stride Funding raised $10M on April 12, 2024.
- Mayan raised $3M (Seed) on April 11, 2024.
- Funding Xchange raised an undisclosed amount (Series B) on April 11, 2024.
- Stream Trading raised $1.5M (Seed) on April 10, 2024.
- FloQast raised $100M (Series E) on April 10, 2024.
Who to call at Scallop Protocol, and when
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Scallop Protocol raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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