# Term Finance

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

- Industry: Software
- Headquarters: San Diego, US
- Website: www.termfinance.io
- Total disclosed funding: $2.5M
- Latest round: Seed (Feb 28, 2023)
- Investors on record: 5

## About

Based in California, US, and founded in 2022 by its CEO Dion Chu, and co-founders Andrew Zhou, Billy Welch, and Dai Yu, Term Labs, Inc. operates as a blockchain research and development company that utilizes an auction model to support scalable fixed-rate/fixed-term lending. In February 2023, Term Labs, Inc. raised USD 2.5 million in seed funding, led by new investor Electric Capital, with participation from new investors Circle Ventures, Coinbase Ventures, MEXC Global Ltd., and Robot Ventures. 

Term Labs, Inc. provides a decentralized lending protocol that allows users to borrow or lend at clearing rates through weekly auctions. The clearing rate is determined by the term auction contract; all lenders who bid less than the clearing rate lend, and all borrowers who bid more than the clearing rate borrow at the clearing rate.The company integrates with subgraph to provide real-time monitoring of loan health and collateral coverage.

The company plans to use the seed funding to support the development of its platform Term Finance.

## Funding rounds

- Seed, Feb 28, 2023, $2.5M — Electric Capital, Coinbase Ventures, Robot Ventures, MEXC Global Ltd., Circle Ventures

## Investors

- Electric Capital (https://capitalatlas.ai/funds/electric-capital) — Seed
- Coinbase Ventures (https://capitalatlas.ai/funds/coinbase-ventures) — Seed
- Robot Ventures (https://capitalatlas.ai/funds/robot-ventures) — Seed
- MEXC Global Ltd. — Seed
- Circle Ventures — Seed