DeFi portfolio tracking startup DeBank raised $25 million from investors according to an announcement on Tuesday.
has announced that just before the year ends, the defi portfolio tracking company raised $25 million in equity financing from strategic investors. According to Debank, the financing brings the firm’s overall valuation to $200 million.the investment in a tweet on Tuesday, and said the round was led by “Sequoia China, followed by Dragonfly, Hash Global, Youbi, and other angel investors, along with strategic investments from Coinbase Venture, Crypto.com, Circle, and Ledger.
In addition to the $30 billion in capital raised in 2021, millions of dollars in investments were given to firms concentrating on portfolio tracking and blockchain data analytics. For instance, crypto analytics firm Messari raised $21 million, Boston-based Coin Metrics raised $15 million and at the end of April, Skew analytics was acquired by Coinbase.about the investment in Debank on Tuesday. “Crypto.
Debank users can access the web portal via a Web3 wallet in order to create a custom profile and it also offers a token swap feature. Debank also faces competition from Zapper , another defi portfolio dashboard. In August 2020, Zapper raised $1.5 million in a seed round led by Framework Ventures and Libertus Capital. Furthermore, in mid-May Zapper raised $15 million in equity in a Series A led by Framework Ventures.
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