# Idle DAO

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/idle-dao

- Industry: Financial Services
- Headquarters: New York, US
- Website: www.idle.finance
- Total disclosed funding: $1.2M
- Latest round: Seed (Nov 1, 2020)
- Investors on record: 8

## About

Based in New York, US, and founded in 2019 by co-founders Samuel Cester and William Bergamo, Idle DAO LLC operates as a fintech company providing tools for the automation of DeFi yield and hedging. In July 2024, Idle DAO LLC raised USD 2.4 million in venture funding led by Rockaway, with participation from Fasanara Capital.

Idle DAO LLC provides users with tools to automatically adjust their digital asset allocations across various DeFi protocols, improving returns and balancing risk profiles. The company offers best yield, which is a lending aggregator that automatically balances funds across multiple DeFi protocols to secure the highest possible interest rates. It is available on Ethereum and Polygon networks. In addition, the firm provides Yield Tranches, that are capital pools that generate, and segment yields and risks based on various market-neutral strategies, including lending income and trading fees. The pools are divided into Senior and Junior tranches, catering to different risk appetites. 

The company plans to use the funding from July 2024 to further develop its on-chain lending infrastructure.

## Funding rounds

- Seed, Nov 1, 2020, $1.2M — ConsenSys Ventures, BR Capital, Greenfield Capital, The LAO, Gumi Cryptos Capital, LongHash Ventures, Quantstamp, Inc., Dialectic AG

## Investors

- ConsenSys Ventures (https://capitalatlas.ai/funds/consensys-ventures) — Seed
- BR Capital — Seed
- Greenfield Capital (https://capitalatlas.ai/funds/greenfield-capital) — Seed
- The LAO (https://capitalatlas.ai/funds/the-lao) — Seed
- Gumi Cryptos Capital (https://capitalatlas.ai/funds/gumi-cryptos-capital) — Seed
- LongHash Ventures (https://capitalatlas.ai/funds/longhash-ventures) — Seed
- Quantstamp, Inc. — Seed
- Dialectic AG — Seed