# Echelon Labs

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/echelon-labs

- Industry: Financial Services
- Headquarters: San Francisco, US
- Website: www.echelon.market
- Total disclosed funding: $3.5M
- Latest round: Seed (Aug 27, 2024)
- Investors on record: 9

## About

Based in California, US, Echelon Labs operates as a financial technology company offering a money market platform for borrowing and lending assets, in the decentralized finance (DeFi) space. In August 2024, Echelon Lab raised USD 3.5 million in seed funding led by investor Amber Group, with participation from other investors Laser Digital, Saison Capital, Selini Capital, Interop Ventures, and Re7.

Echelon is an advanced lending market designed to connect liquidity and enhance yields within the Aptos ecosystem, through non-custodial pools, enabling users to earn interest and increase buying power via leverage. The company offers an advanced lending market designed to connect liquidity and enhance yields within the Aptos ecosystem. Echelon's core offerings include collateralization on assets and competitive borrowing rates, underpinned by industry audits to ensure security and reliability. As of August 2024, the total supply on the company's platform is approximately USD 101.3 million, with  USD 68.1 million borrowed and USD 33.7 million in value locked.

The company plans to utilize the August 2024 funding to expand its development and RWA-backed strategies.

## Funding rounds

- Seed, Aug 27, 2024, $3.5M — Amber Group, Saison Capital, Selini Capital, Re7 Capital, Serafund, Web3Port, Interop Ventures, Laser Digital Asset Management, 280 Capital Ltd

## Investors

- Amber Group — Seed
- Saison Capital (https://capitalatlas.ai/funds/saison-capital) — Seed
- Selini Capital (https://capitalatlas.ai/funds/selini-capital) — Seed
- Re7 Capital (https://capitalatlas.ai/funds/re7-capital) — Seed
- Serafund (https://capitalatlas.ai/funds/serafund) — Seed
- Web3Port — Seed
- Interop Ventures (https://capitalatlas.ai/funds/interop-ventures) — Seed
- Laser Digital Asset Management — Seed
- 280 Capital Ltd — Seed