• Folks Finance

  Participated · Series A · Nov 2024

  Folks Finance is a remote DeFi hub that lets users lend, borrow, trade and manage digital assets across multiple blockchains. Its core product is the xChain app, which enables cross-network lending, borrowing and trading across Avalanche, Base, Ethereum, Arbitrum and BNB Chain. The company plans to accelerate crosschain expansion of xChain and integrate many more networks in the near future. Since its 2022 mainnet launch Folks powers over 15,000 active wallets monthly and is the largest DeFi app on Algorand, with an all-time high TVL of $220 million. Led by CEO Benedetto Biondi, Folks has raised $6.2M in total funding to date, including the new Series A at a $75M valuation. Folks Finance provides a borrowing and lending protocol built on top of the Algorand blockchain. Users can deposit liquidity to earn continuous economic returns and request crypto loans by locking deposited funds as collateral. The company completed a protocol design review and is currently in the smart contract security verification phase. It plans an official launch on the Algorand TestNet early this year and will release Folksy Guys, an NFT collection for the Folks Finance community. The team will publish a research paper on the protocol economic model soon and is working to establish milestones for version 2.0. Folks Finance is the result of research and engineering by Blockchain Italia and is led by CEO Benedetto Biondi. The company raised $3M in Seed funding to expand operations and accelerate growth.

• Ctrl Alt

  Participated · Equity · Oct 2023

  Ctrl Alt, founded in 2020 by Matt Ong, provides API and white-label capabilities that let investment platforms access alternative assets like property and green energy within their brand and dashboard. The company serves investment platforms and asset owners by simplifying the capital-raising process for alternative assets. Ctrl Alt is based in London, UK and Dundalk, Ireland. It raised €2.5M in a funding round led by Forward Partners and Middlegame Ventures. The round included participation from Enterprise Ireland, Algorand Ventures, 365.fintech, Syndicate Room, Marc Cohen (Unbundled VC), Omid Ashtari (ex-Google, ex-President Citymapper) and Alex Macdonald (Co-Founder of sequel & Velocity Black). The company intends to use the funds to scale its technology, operations and compliance teams in Ireland.

No current team members are available.