Apricot Finance Announces $4 Million Fundraising

Apricot Finance, a Solana-based DeFi service provider, is excited to announce the closing of a $4 million financing round.

Apricot Finance is grateful to have the support from outstanding investors and advisors include Delphi Ventures, Lemniscap, Solana Capital, Komorebi DAO, SkyVision Capital, Advanced Blockchain AG, Bixin, CryptoJ, Ledger Prime, Struck Capital Crypto, Valhalla Capital, a41 Ventures, MXC, Gate, GSR, Solar Eco Fund, Coinsight Ventures, Global Coin Ventures, Smrti Lab, Darren Lau, Zhuoxun Yin, Jeff Kuan (Terra), Matt Cantieri (Anchor Protocol), Nick Tong (Perpetual Protocol) and others.

Apricot intends to use the newly raised capital to support the roll-out of their initial flagship services — Apricot Lend, X-Farm, and Apricot Assist — in the coming weeks. The first suite of products will provide users integrated lending services with cross-margin leveraged yield farming and automated self-deleveraging features.

With the support from their investors, advisors, and community, they aim to further expand into their DeFi suites of solutions, including innovative liquidation solutions and bad debt processing in the near future.

The entire Apricot team is extremely excited to bring on such a diverse and impressive army of investors and advisors to help create the next-generation experience for DeFi users. As the Solana ecosystem grows at an incredible speed, Apricot cannot wait to contribute to the community with our latest money market innovations.

⭐️Delphi Ventures:

The Apricot Finance team is dedicated, innovative and a pleasure to work with. Their novel money market protocol is a pioneer in the emerging Solana Ecosystem, with a novel self-deleveraging mechanism and leveraged yield farming capabilities. We are thrilled to support the team as they build out the future of DeFi.

⭐️Lemniscap:

Apricot’s focus on usability and composability together with their rapid delivery pace positions them at the forefront of the lending protocols landscape. We are continuously impressed by the team’s deep understanding of the market demand, their ability to match this in product design, and the clarity of their vision for the future. We are excited to welcome Apricot in the Lemniscap family and we look forward to continuing working closely with the team going forward.

⭐️Komorebi DAO:

Apricot is building DeFi lending from the bottom up and they stand out against the sea of SPL forks on Solana. The team is not only building to become the top money market on Solana, but it’s clear they’re trying to be the best across the whole ecosystem. Komorebi is proud to back teams like them.

⭐️Advanced Blockchain AG:

Advanced Blockchain is super impressed with the team at Apricot. It was clear from the beginning that they are a high output team relentlessly focused on providing a unique product offering to the Solana ecosystem.