Tech Company Financing Transactions

Idle DAO Funding Round

On 7/9/2024, Idle DAO announced $2.4 million in funding from Rockaway Blockchain Fund, BR Capital and ConsenSys Ventures.

Transaction Overview

Company Name
Announced On
7/9/2024
Transaction Type
Venture Equity
Amount
$2,400,000
Round
Undisclosed
Proceeds Purpose
The firm plans to use the funds to help further develop on-chain credit infrastructure among other endeavors.

Company Information

Company Status
Private & Independent
Industry
Software
Mailing Address
1209 Orange Street
Wilmington, DE 19801
USA
Phone
Undisclosed
Email Address
Overview
With Idle, we are tokenizing the best interest rate across different lending protocols on Ethereum money market. Our token allows users to optimize profitability and seamlessly get the highest yield, without having to manually switch funds between lending protocols. By buying and holding IdleTokens (an ERC20), users underlying position will be dynamically rebalanced when the best rate changes in order to always give the most profitable return.
Profile
Idle DAO LinkedIn Company Profile
Social Media
Idle DAO Company Twitter Account
Company News
Idle DAO News
Facebook
Idle DAO on Facebook
YouTube
Idle DAO on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Matteo Pandolfi
  Matteo Pandolfi LinkedIn Profile  Matteo Pandolfi Twitter Account  Matteo Pandolfi News  Matteo Pandolfi on Facebook


 

 

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Where The Data Comes From

Our team works diligently to report on funding rounds that are announced publicly. VC investment data records reported here are sourced from news reports and company announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.

 


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