Avantgarde Finance closes $5.5m Series A


Posted September 28, 2021 by ignacioavantgardefinance

Avantgarde Finance, the DeFi treasury & asset management platform, closes a $5.5 million equity round. Led by Blockchange Ventures, Placeholder, Jump Capital, Collaborative Fund, Acrew Capital, Cand others.

 
Avantgarde Finance today announced the completion of a $5.5 million Series A investment. Led by Blockchange Ventures - a leading digital asset investment firm, along with a network of strategic investors including Placeholder VC, Jump Capital, Collaborative Fund, Acrew Capital, Coinshares, and others.

Avantgarde Finance is building the first full-service DeFi fund management platform that will deliver the ability to execute any on-chain strategy including derivatives, indexing, yield farming, and alpha generation. The platform is being built utilizing the Enzyme infrastructure and other partner protocols. The services are applicable not only to DeFi entities but also to DAOs, fund managers, treasuries, and individuals.

Avantgarde’s entry into the marketplace will mean the most innovative DeFi projects will, for the first time, have access to automated, smart-contract tools to enable the administration of their portfolios. Avantgarde will also offer access to its platform to the full spectrum of individuals, investment clubs, asset managers, VC’s, institutional investors, and treasurers interested in securely managing and investing in on-chain assets.

Since releasing the new Enzyme App in January, the Assets Under Management(AUM) for the protocol are up more than 115x, crossing a new all-time high of $150 million in September. Avantgarde is now positioned to further develop its product and refine its services offerings in order to become more accessible to a broader audience.
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Contact Email [email protected]
Issued By Avantgarde Finance
Country United Kingdom
Categories Accounting , Banking , Blockchain
Tags cryptocurrencies , decentralized finance , defi , fund management , investment , treasury management
Last Updated September 28, 2021