Port Finance Raised $5.3M In Series Strategic Funding Round
The Port Finance is thrilled to announce that they now have onboard, Alameda Research as a lead investor, along with investments from Spartan Capital, Brevan Howard, a41 and a number of angel investors, in our Strategic Series A round. Port Finance strongly believe that this will cement further development of its platform to realize its objective of becoming an integral part of Solana’s liquidity layer.
Quarterly Recap
- Launched Fixed Rate Lending Products, Sundial
- Launched Port Finance Variable Rate Lending Products
- Record of over 300M of assets in Total Value Locked (TVL)
- 30+ Integrations and Partnerships across the Solana ecosystem
- Support for over 10+ keystone assets, including mSOL, PAI, UST, Wormhole wrapped assets and LP tokens
- Launch of Port Finance’s Ecosystem Fund
- Release of Developer Tool Kits to support Solana developers
- Listed on FTX, Ascendex, Gate.io, DexLab, Aldrin, Serum, Raydium and Orca
Port Finance’s Strategic Series A fundraise forges key partnerships for the protocol and provides it the resources to invest in building bigger, better, and more secure money market products for its users.
ABOUT Port Finance
Port Finance is a decentralized Money Market protocol on Solana, aiming to provide a full suite of lending products including but not limited to: variable rate lending, fixed rate lending and interest rate swaps.
RESOURCES
Medium
