# ZeroLend

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/zerolend

- Industry: Software
- Headquarters: Singapore, Singapore
- Website: https://zerolend.xyz/
- Total disclosed funding: $3M
- Latest round: Seed (Feb 20, 2024)
- Investors on record: 15

## About

Based in Singapore, ZeroLend operates as a provider of Web3-based decentralized lending platform. In February 2024, the firm raised USD 3 million in seed funding led by investors Momentum 6, Blockchain Founders Fund, Morning Star Ventures, Banter Capital, Newman Capital, etc.

The company offers a lending marketplace built on Layer 2 (L2) technology, providing users with a user-friendly and frictionless experience to participate in decentralized finance (DeFi).  Zerolend’s platform introduces $ZERO, a governance and utility token designed to give back to the community. Additionally, the firm has established partnerships and collaborations with a growing ecosystem of DApps to simplify the DeFi lending experience. Furthermore, Zerolend utilizes metrics based on zkSync, boasting figures such as a USD 89 million market size and USD 50.5 million total value locked, with 241.3K unique active addresses.

The company plans to utilize the February 2024 funding to further develop its platform and expand its market reach. The firm also plans to launch its governance token, ZERO, in the first quarter of 2024.

## Funding rounds

- Seed, Feb 20, 2024, $3M — Cypher Capital, iAngels, Blockchain Founders Fund, Transform Capital, Momentum 6, GBV Capital, Genblock Capital, Morningstar Ventures, Krypital Group, Banter Capital, ViaBTC Capital, Bison Fund, Newman Capital, Ozaru Ventures, Asteroid Capital

## Investors

- Cypher Capital (https://capitalatlas.ai/funds/cypher-capital) — Seed
- iAngels (https://capitalatlas.ai/funds/iangels) — Seed
- Blockchain Founders Fund (https://capitalatlas.ai/funds/blockchain-founders-fund) — Seed
- Transform Capital (https://capitalatlas.ai/funds/transform-capital) — Seed
- Momentum 6 (https://capitalatlas.ai/funds/momentum-6) — Seed
- GBV Capital (https://capitalatlas.ai/funds/gbv-capital) — Seed
- Genblock Capital (https://capitalatlas.ai/funds/genblock-capital) — Seed
- Morningstar Ventures (https://capitalatlas.ai/funds/morningstar-ventures) — Seed
- Krypital Group (https://capitalatlas.ai/funds/krypital-group) — Seed
- Banter Capital (https://capitalatlas.ai/funds/banter-capital) — Seed
- ViaBTC Capital (https://capitalatlas.ai/funds/viabtc-capital) — Seed
- Bison Fund (https://capitalatlas.ai/funds/bison-fund) — Seed
- Newman Capital (https://capitalatlas.ai/funds/newman-capital) — Seed
- Ozaru Ventures — Seed
- Asteroid Capital — Seed