Pendle Finance
Latest round
- Seed
Last raised
- May 2021
Total raised
- $3.7M
Investors
- 6
About Pendle Finance
Pendle Finance operates within the blockchain and decentralized finance sector by offering unique yield trading capabilities. The company was founded in the United States and has not undergone any notable pivots or changes in business strategy since its inception.Pendle offers innovative yield trading solutions primarily through its core product of yield tokenization. The platform supports both individual and institutional clients, facilitating long yield strategies and hedging without lock-up periods. Pendle's services are cross-chain compatible, functioning across various blockchain environments, including Ethereum, Arbitrum, BNB Chain, and Optimism.Pendle generates revenue through transaction fees linked to its yield trading services. Clients use the platform by locking their PENDLE tokens for staking, which includes various transaction models such as direct-to-consumer engagement and institutional partnerships. Each transaction entails the exchange of yield tokens, which are valued based on market conditions and yield rates associated with products like USDS, sUSDe, and eUSDe.7 mn, completed in May 2021, will primarily be allocated towards the development and launch of new products aimed at enhancing their yield trading offerings. The company plans to expand into additional geographic markets, focusing on regions with emerging blockchain adoption.
Who invested in Pendle Finance
6 investors across 1 round
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Funding rounds
Seed
May 4, 2021
Amount
$3.7M
Investors
Questions about Pendle Finance
Who invested in Pendle Finance?
Pendle Finance 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 Pendle Finance raised?
Pendle Finance has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Pendle Finance last raise money?
Pendle Finance's most recent round on record is a Seed, in May 2021.
What does Pendle Finance do?
Pendle Finance operates within the blockchain and decentralized finance sector by offering unique yield trading capabilities.
Where is Pendle Finance headquartered?
Pendle Finance is headquartered in US.
Which VCs invest in companies like Pendle Finance?
Among active investors with capital left to deploy, Radical Ventures, Ribbit Capital, TrueBridge Capital Partners and Tribe Capital back financial services companies at Pendle Finance's stage. Their profiles are linked below.
VCs backing financial services startups at Seed
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