# Tenor Labs

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

- Industry: Financial Services
- Headquarters: US
- Website: www.tenor.finance
- Total disclosed funding: $2.5M
- Latest round: Seed (Feb 24, 2025)
- Investors on record: 4

## About

Tenor Labs operates as a decentralized finance platform that facilitates fixed-rate lending and borrowing via a self-executing protocol that streamlines transactions between lenders and borrowers.Tenor Labs provides a decentralized protocol for fixed-rate lending and borrowing. Founded in the US, the company raised USD 2.5 mn in Seed funding on February 24, 2025, led by Cherry Ventures with participation from Coinbase Ventures. The company's founder has a history of entrepreneurial ventures, although specific details about prior companies are not available.Tenor is primarily focused on providing a non-custodial, self-executing protocol designed to facilitate fixed-rate lending and borrowing through the deployment of Interest Rate Automated Market Makers (AMMs). By enabling lenders and borrowers to connect at predetermined fixed rates, Tenor addresses inefficiencies in existing money markets, allowing users, decentralized autonomous organizations (DAOs), and curators to conduct transactions more effectively. The protocol allows users to set lend and borrow orders based on their preferred rates and maturity timelines, all while ensuring unmatched limit orders earn a variable money market rate until matched. Tenor's products are designed for various end-users, including developers looking to integrate fixed-rate features into their applications and individual investors interested in predictable lending scenarios. The platform aims to serve the global decentralized finance (DeFi) market, particularly in regions with active cryptocurrency ecosystems such as Europe, North America, and parts of Asia.Tenor generates revenue through transaction fees associated with the lending and borrowing activities carried out on its platform. After a user sets a lending or borrowing order at a specified rate, they engage with Tenor's Interest Rate AMM to facilitate their transaction. In a typical scenario, a user may wish to lend ERC20 tokens at a fixed interest rate and will execute their trade either instantly or through an order that matches later. The fee structure is directly tied to the transaction volume and the parameters defined within the smart contracts, which are immutable and do not require governance updates. Additionally, Tenor’s offerings can be integrated into existing money markets, allowing for scalable partnerships with other finance platforms. The combination of these transaction-based revenues positions Tenor to create sustainable income streams from its core services.In February 2025, Tenor Labs raised USD 2.5 mn in Seed funding, which will be utilized to enhance its fixed-rate lending protocol technology. The company is focused on launching new product features aimed at improving user experience and functionality. Additionally, Tenor plans to expand its presence into new markets, specifically targeting regions in Southeast Asia and Latin America by the end of 2025.

## Funding rounds

- Seed, Feb 24, 2025, $2.5M — Cherry Ventures, Coinbase Ventures, Lattice Fund, Curved Ventures

## Investors

- Cherry Ventures (https://capitalatlas.ai/funds/cherry-ventures) — Seed
- Coinbase Ventures (https://capitalatlas.ai/funds/coinbase-ventures) — Seed
- Lattice Fund — Seed
- Curved Ventures — Seed