Tech Company Financing Transactions
Lombard Funding Round
Polychain Capital, BabylonChain and dao5 participated in a $16 million Seed capital raise for Lombard. The financing round closed on 7/2/2024.
Transaction Overview
Company Name
Announced On
7/2/2024
Transaction Type
Venture Equity
Amount
$16,000,000
Round
Seed
Investors
Polychain Capital (Lead Investor) (Olaf Carlson-Wee)
Proceeds Purpose
Proceeds purposes were not disclosed.
Company Information
Company Status
Private & Independent
Industry
FinTech
Mailing Address
Undisclosed
London, Undisclosed
UK
London, Undisclosed
UK
Phone
Undisclosed
Website
Email Address
Not Recorded
Overview
Bitcoin represents over 50% of the cryptocurrency market. But its interoperability with DeFi has been limited to date. Our flagship product, LBTC--a yield-bearing, cross-chain, liquid Bitcoin backed 1:1 by BTC-- brings unprecedented interoperability to 'digital gold'. Lombard is dedicated to unlocking Bitcoin's potential as a dynamic financial tool by connecting it to DeFi.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chairman
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