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Term Labs, Inc. Raises $2.5 Million In Seed Round To Build Safer Crypto Lending For Institutions

PRIVATEFeb 28, 2023

Amount Raised

$2.5 Million

Round Type

Seed

San DiegoFinancial ServicesFintechBlockchainCryptocurrencyLending

Investors

LlamaHashlowBalancerAuraDe Fi FoundersMEXC VenturesRobot VenturesCircle VenturesCoinbase VenturesElectric Capital

Description

Term Labs, Inc., a blockchain R&D company, today announced it has raised a $2.5 million seed round led by Electric Capital with participation from Coinbase Ventures, Circle Ventures, Robot Ventures, MEXC Ventures, and with angel investment from DeFi founders from Aura, Balancer, Hashlow and Llama.

Quick answer

Term Labs raised $2.5 Million in a Seed round, dated February 28, 2023. Investors: Llama, Hashlow, Balancer, Aura, De Fi Founders, MEXC Ventures, Robot Ventures and Circle Ventures. Term Labs is based in San Diego, California, United States.

How much did Term Labs raise?
Term Labs raised $2.5 Million in a Seed round on February 28, 2023.
Who invested in Term Labs?
Llama, Hashlow, Balancer, Aura, De Fi Founders, MEXC Ventures, Robot Ventures and Circle Ventures are named as investors in this round.
What does Term Labs do?
Term Labs is a blockchain research and development company founded by a team with deep traditional finance, big tech, and decentralized finance experience.
Where is Term Labs based and how big is it?
Term Labs is based in San Diego, California, United States.

Source: Fundz verified event record.

Who else raised in Financial Services and Fintech around the same time

Companies in the same sectors as Term Labs that raised within 45 days of this round, from Fundz verified event records.

  • Taurus raised $65M (Funding Round) on February 14, 2023.
  • Alchemy Pay raised $10M (Funding Round) on April 3, 2023.
  • Grayscale Investments raised $34M (Funding Round) on March 13, 2023.
  • Architect raised $5M (Funding Round) on January 20, 2023.
  • Tradier raised $25M (Series B) on April 13, 2023.
  • TerraPay group raised $100M (Series B) on April 4, 2023.

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Company Information

Company

Term Labs

Location

San Diego, California, United States

About

Term Labs is a blockchain research and development company founded by a team with deep traditional finance, big tech, and decentralized finance experience. Term Labs is dedicated to the development of robust, transparent, and scalable fixed-rate lending on blockchains.

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