DeFi investment tool Zerion raises $8.2 million in Series A

4 months ago 24
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Mosaic Ventures and DCG were among the backers of Zerion, which has gained implicit 200,000 monthly progressive users

Decentralised concern (DeFi) concern level Zerion announced yesterday that it had concluded a Series A backing circular successful which it raised $8.2 cardinal from investors including Ventures, DCG, Lightspeed and Placeholder. The circular was led by Mosaic Ventures.

Founded successful 2016 by Evgeny Yurtaev, Alexey Bashlykov and Vadim Koleoshkin, Zerion aims to lick the “geographical lottery” of bequest concern by giving everyone entree to investing opportunities careless of wherever they unrecorded successful the world.

As Yurtaev explained: “We saw aboriginal connected that an internet-scale fiscal gyration cannot hap without internet-scale infrastructure that is permissionless, borderless, programmable and composable. DeFi is each of these things, and more.”

The Zerion level is disposable for web, iOS and Android and supports much than 60 DeFi protocols. Users tin research the DeFi market, commercialized assets astatine the champion prices aggregated from different exchanges, and easy way and negociate their portfolio. Zerion users besides person afloat custody implicit their assets astatine each times.

The level present has much than 200,000 monthly progressive users crossed 150 countries. Zerion sees an mean commercialized measurement of $5 cardinal per time and has processed implicit $750 cardinal worthy of transactions, including astatine slightest $110 cardinal traded connected mobile.

Toby Coppel of Mosaic Ventures commented, “We judge that Zerion volition look arsenic the starring interface for the fiscal products of the aboriginal — DeFi is creating an wholly caller alternate fiscal ecosystem and Zerion enables millions of users to easy and transparently interact with it.”

The Series A was besides backed by angel investors including Pantera Capital’s Joey Krug, Aave’s Stani Kulechov, Balancer’s Fernando Martinelli and Curve’s Julien Bouteloup. As good arsenic caller funding, Zerion’s Board of Directors is growing, with the summation of Placeholder’s Brad Burnham and Mosaic Ventures’ Toby Coppel.

Zerion aims to beryllium the all-inclusive portal to the DeFi assemblage and is present focusing connected institution maturation successful bid to execute this goal. Next steps connected the project’s roadmap see adding enactment for Layer 2 chains specified arsenic Polygon, scaling the platform’s infrastructure to conscionable the request of implicit 1 cardinal monthly progressive users, and improving the idiosyncratic acquisition for those who are caller to crypto done learning opportunities, amended onboarding, and fiat onramps and offramps. The institution is besides looking to grow its squad by hiring world-class talent.

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