Solv Protocol completed a $4 million raise in the Series A.
This round was led by numerous venture investors including Blockchain Capital, Sfermion, and gumi Cryptos Capital. They have also received immense support from foundations including DeFi Alliance, TheLao, CMT Digital, CMSholdings, Apollo Capital, Shima Capital, SNZ Holding, Zonff Partners and HASH CIB, with The Spartan Group and Axia8 Ventures being co-investors.
The funding will give them a head start in securing a foothold in the “Voucher Finance” space within DeFi. Because of this Series A, they will be able to scale up recruiting of top talent, launch new products around the Vouchers and expand global resource network.
They look forward to being able to execute on their mission to expedite the building of a “Voucher Finance” ecosystem and further mature the DeFi sector’s infrastructure.
Founded in 2020, Solv Protocol is a decentralized marketplace for the minting and trading of NFTs that represent financial equity and complex ownership, also known as “Vouchers”. Solv aims to resolve one of the most pressing problems in the emerging field of DeFi — the absence of an efficient and flexible tool to express complicated financial contracts. And by bringing Vouchers to the table, Solv offsets that gap.
Solv’s team consists of blockchain evangelists & key opinion leaders, seasoned architects in FinTech & blockchain, and veteran DeFi and token researchers.