Vee.Finance closes $5.3 million Private Round
We are pleased to announce that Vee.Finance recently closed a $2.8 million Private B Round, just one week after Private A Round. Vee.Finance has now closed a total of $5.3 million in private rounds.
The Private B Round was participated by Aussie Capital, AV Star Capital, Black Mamba Ventures, Crypto Avengers, DCI,Favor Ventures, Muhabbit Ventures, New Tribe Capital, Phenomenon Capital, Phoenix VC, Redline DAO, Tokuto Capital, Unpeeld Venture Labs and others.(in alphabetical order)
In addition, we are grateful for the continued support of our existing investors, including BCA Investments, Cobak, Dutch Crypto Investors who also participated in this round.
Vee.Finance is a DeFi cross-chain lending protocol based on the Avalanche public chain, providing users with collateralized lending, liquidity mining, and leveraged trading services. vee.Finance smart contracts have been audited by SlowMist, and the mainnet will go live on September 14.
Vee.Finance lowers the threshold for traditional financial users to participate in DeFi through a more user-friendly product experience; and by integrating multiple DEXs, it provides direct leveraged trading scenarios for lending users, greatly improving the efficiency of asset utilization. Following the completion of this round of financing, Vee.Finance will offer additional features.
l Limit order system. Vee.Finance matching algorithm will match and settle trades by traversing the buy and sell orders of its integrated DEX and automate the execution, instead of relying solely on the price of AMM, which can greatly improve the utilization of funds.
l Supporting more public chains.Vee.Finance will gradually expand its support to other public chains to increase the number of asset trading categories and scale according to the needs of the community.
l Derivatives trading. Vee.Finance will integrate decentralized derivatives trading platform to meet more diverse and complex financial needs of users.
The unique business concept and model has also won the recognition of many investment institutions, Vee.Finance has received seed round investment led by Huobi Ventures Blockchain Fund and Avalanche Asia Eco Fund AVATAR, as well as AC Capital, LD Capital, AP Capital, Avalaunch, BCA Investments, CatcherVC, Momentum 6, Chronos Ventures, Cobak, Damo Labs, Dutch Crypto Investors, FBG Capital, Panony, Kryptos Research, Lancer Capital, Limestone Capital, MEXC Global, Mint Ventures, NGC Ventures, Ti Capital, ViaBTC Capital, 7 O’Clock Capital, and Waterdrip Capital, among others, in a private A investment.
Vee.Finance is a DeFi lending platform for traditional financial and crypto users. We are committed to bridging the gap between traditional finance and DeFi and providing users with better digital asset management services. Users can participate in deposits, loans, long and short positions, and as well as other functions. Our mission is to reduce barriers for traditional users to participate in DeFi and optimize the efficiency of global asset allocation.