# Pendle Finance

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

- Industry: Financial Services
- Headquarters: US
- Website: www.pendle.finance/
- Total disclosed funding: $3.7M
- Latest round: Seed (May 4, 2021)
- Investors on record: 6

## About

Pendle Finance is a blockchain technology company specialized in yield trading through yield tokenization, providing innovative financial solutions for both individual and institutional investors.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 has raised a total of USD 3.7 mn through one funding round. The most recent funding round was a Seed round in May 2021, led by Mechanism Capital and joined by investors including Origin Capital, Parataxis Capital, Signum Capital, Sora Ventures, and Youbi Capital. The company was founded by individuals whose details are not publicly specified.Pendle offers innovative yield trading solutions primarily through its core product of yield tokenization. This service allows users to break down yield-bearing assets into separate yield and principal components, giving investors greater control over their investments. 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. The company targets tech-savvy investors looking for stability amidst yield volatility and introduces a dual fee structure to minimize impermanent loss.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. The pricing structure is designed to attract a diverse clientele, ranging from retail investors to large financial institutions, while the dual-fee framework enhances user engagement and optimizes revenue streams.Pendle Finance's recent Seed funding round of USD 3.7 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. Specific timelines for these product launches and market expansions are yet to be specified, but the funding will aid in supporting these strategic initiatives.

## Funding rounds

- Seed, May 4, 2021, $3.7M — Sora Ventures, Youbi Capital, Signum Capital, Origin Capital, Parataxis Capital, Mechanism Capital

## Investors

- Sora Ventures (https://capitalatlas.ai/funds/sora-ventures) — Seed
- Youbi Capital (https://capitalatlas.ai/funds/youbi-capital) — Seed
- Signum Capital (https://capitalatlas.ai/funds/signum-capital) — Seed
- Origin Capital — Seed
- Parataxis Capital — Seed
- Mechanism Capital (https://capitalatlas.ai/funds/mechanism-capital) — Seed