Arcade
Latest round
- Series A
Last raised
- Dec 2021
Total raised
- $15M
Investors
- 6
About Arcade
Founded in 2021, Arcade specializes in leveraging NFTs as collateral for loans. The company primarily operates from its headquarters in New York, US.xyz offers a decentralized platform for lending and borrowing, enabling NFT owners to use their digital assets as collateral for loans. The platform supports ERC-721 and ERC-1155 NFTs, with loans funded by ERC-20 tokens such as WETH, USDC, USDT, DAI, and APE.xyz generates revenue through transaction fees linked to its lending services. Users can list NFTs for loan offers or deposit assets into a Vault for borrowing. In transactions, NFTs are collateralized, with borrowers receiving funds in ERC-20 tokens. The company plans to penetrate new markets in North America, Europe, and parts of Asia by 2023.
Who invested in Arcade
6 investors across 1 round
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Funding rounds
Series A
Dec 22, 2021
Amount
$15M
Investors
Questions about Arcade
Who invested in Arcade?
Arcade has 6 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Arcade raised?
Arcade has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Arcade last raise money?
Arcade's most recent round on record is a Series A, in Dec 2021.
What does Arcade do?
Founded in 2021, Arcade specializes in leveraging NFTs as collateral for loans.
Where is Arcade headquartered?
Arcade is headquartered in New York, US.
Which VCs invest in companies like Arcade?
Among active investors with capital left to deploy, Radical Ventures, Ribbit Capital, TrueBridge Capital Partners and Tribe Capital back financial services companies at Arcade's stage. Their profiles are linked below.
VCs backing financial services startups at Series A
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