Thruster Finance, which runs on Ethereum‘s Layer 2 network Blast, recently finished a seed funding phase, bringing in $7.5 million. This round was headed by Pantera Capital and represents an important achievement for the decentralized finance (DeFi) project.
Prominent investors including OKX Ventures, Mirana Ventures, ParaFi Capital, Manifold Ventures, and Arche Fund (previously known as Coin98 Ventures), followed Pantera Capital’s lead in investing during the seed funding round.
We’re thrilled to share that our seed round has been spearheaded by Pantera Capital. This investment will significantly boost our yield-focused DeFi projects. Several prominent investors including OKX Ventures, Mirana, ParaFi Capital, DeFi Whales Capital, and Manifold Trading have joined in. Additionally, founders and backers from the Blast L2 ecosystem and others have contributed to this round.
— Thruster (@ThrusterFi) April 18, 2024
Furthermore, angel investors such as Santiago Santos, Sam Kazemian, TN Lee, Alex Lin, Kratik Lodha, and Georgios Vlachos also participated in Thruster Finance’s funding round. This significant investment from these notable figures has raised the company’s valuation to $70 million, underscoring the belief in Thruster Finance’s vision and potential within the market.
Rapid Growth and Development
In March, Thruster Finance debuted as a Decentralized Exchange (DEX) prioritizing yields on the Ethereum Layer 2 platform Blast. Swiftly gaining traction within the DeFi sector, it has since risen to become the second most widely-used DeFi project on Ethereum Layer 2. With over $320 million in assets secured and more than 100,000 users attracted, Thruster Finance has solidified its position as a significant player in this space.
After completing a seed funding round, Thruster Finance is preparing to expand its offerings and boost its presence in the Decentralized Finance (DeFi) market. The company’s plan includes forging partnerships, enhancing the platform’s design and functionality, and incorporating Thruster solutions and liquidity into multiple DeFi and NFT Finance (NFTFi) systems.
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2024-04-18 21:56