# Infrared Finance

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/infrared-finance

- Industry: Financial Services
- Headquarters: North York, Canada
- Website: www.infrared.finance/
- Total disclosed funding: $17M
- Latest round: Series A (Mar 4, 2025)
- Investors on record: 22

## About

Infrared Finance, based in Canada, specializes in financial products that enhance user engagement within decentralized finance, focusing on liquidity mining and staking solutions.Infrared Finance operates as a financial technology company that facilitates user interaction in the Berachain’s Proof of Liquidity ecosystem. Founded in 2023 in North York, Canada, by Raito Bear, the company has completed three deals to date. Its most recent funding, a Series A round, raised USD 14.000 mn on March 4, 2025, led by Framework Ventures, with participation from other investors including Animoca Ventures and Halo Capital.Infrared Finance offers innovative financial products designed to facilitate user engagement within Berachain’s Proof of Liquidity (PoL) ecosystem. The company's core offerings include PoL vaults, iBGT, and iBERA, which collectively aim to simplify participation in liquidity mining and staking activities. PoL vaults enable users to earn rewards from their liquidity provisions effortlessly, enhancing the user experience with streamlined processes. iBGT serves as the liquid version of the Berachain Governance Token, allowing users to optimize their PoL rewards, while iBERA is a liquid staking solution designed to make staking BERA tokens accessible to a broader audience. The target market for these products includes crypto investors and participants in decentralized finance (DeFi) sectors across multiple geographical regions, including North America, Europe, and Asia.Infrared Finance generates revenue primarily through transaction fees associated with its PoL vaults and liquid token offerings, such as iBGT and iBERA. Users engage with these products by depositing assets into the vaults or staking tokens, which contributes to the overall liquidity of the platform while generating yield for participants. The business structure may involve B2C transactions, where individual users interact directly with the platform to earn rewards. As customers utilize these products, they incur fees based on their activity levels and the specific offerings they engage with. The revenue model is designed to align with user participation, incentivizing increased liquidity and staking within the Berachain ecosystem.Infrared Finance plans to use the USD 14.000 mn raised in its recent Series A funding round to enhance its blockchain operations. The company is focusing on developing new products to improve user engagement and is targeting expansion into new geographic regions, including Europe and Asia, by the end of 2025. The funding will support these initiatives and help position Infrared Finance for future growth.

## Funding rounds

- Series A, Mar 4, 2025, $14M — NGC Ventures, Framework Ventures, Selini Capital, CitizenX, Baboon.VC, Symbolic Capital, No Limit Holdings, Animoca Ventures, Decima Fund, Rubik, Auros Ventures, Halo Capital
- Seed, Jan 26, 2024, $2.5M — Signum Capital, Tribe Capital, DoraHacks, NGC Ventures, Synergis Capital, Shima Capital, Tenzor Capital, CitizenX, dao5, DCF God, Ouroboros Group, Oak Grove Ventures, Decima Fund

## Investors

- Signum Capital (https://capitalatlas.ai/funds/signum-capital) — Seed
- Tribe Capital (https://capitalatlas.ai/funds/tribe-capital) — Seed
- DoraHacks — Seed
- NGC Ventures (https://capitalatlas.ai/funds/ngc-ventures) — Seed, Series A
- Synergis Capital (https://capitalatlas.ai/funds/synergis-capital) — Seed
- Shima Capital (https://capitalatlas.ai/funds/shima-capital) — Seed
- Tenzor Capital (https://capitalatlas.ai/funds/tenzor-capital) — Seed
- CitizenX (https://capitalatlas.ai/funds/citizenx) — Seed, Series A
- dao5 (https://capitalatlas.ai/funds/dao5) — Seed
- DCF God — Seed
- Ouroboros Group (https://capitalatlas.ai/funds/ouroboros-group) — Seed
- Oak Grove Ventures — Seed
- Decima Fund (https://capitalatlas.ai/funds/decima-fund) — Seed, Series A
- Framework Ventures (https://capitalatlas.ai/funds/framework-ventures) — Series A
- Selini Capital (https://capitalatlas.ai/funds/selini-capital) — Series A
- Baboon.VC (https://capitalatlas.ai/funds/baboon-vc) — Series A
- Symbolic Capital (https://capitalatlas.ai/funds/symbolic-capital) — Series A
- No Limit Holdings (https://capitalatlas.ai/funds/no-limit-holdings) — Series A
- Animoca Ventures (https://capitalatlas.ai/funds/animoca-ventures) — Series A
- Rubik (https://capitalatlas.ai/funds/rubik) — Series A
- Auros Ventures (https://capitalatlas.ai/funds/auros-ventures) — Series A
- Halo Capital (https://capitalatlas.ai/funds/halo-capital) — Series A